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Senior Financial Services

Compare Financial Services for New Zealand Seniors

Find the best term deposits, KiwiSaver options, investment funds and retirement accounts designed for seniors aged 65+. Compare rates, fees and features from trusted New Zealand financial providers.

Compare Term Deposits Review KiwiSaver Options

Secure Investments

RBNZ-protected deposits and regulated investment options

Competitive Rates

Compare the best rates and returns available to seniors

Expert Advice

Access to qualified financial advisors specializing in retirement

Easy Comparison

Compare features, fees and returns in one place

Senior Financial Services

Compare financial products designed specifically for New Zealand seniors. Find secure investments, competitive returns and expert guidance to help grow and protect your retirement savings.

Term Deposits

15+ banks 5.2% p.a.

Compare term deposit rates from leading New Zealand banks and credit unions. Find the highest returns for your savings with terms from 3 months to 5 years, specifically designed for senior investors seeking secure, guaranteed returns.

Key Features:

Guaranteed returns
RBNZ protection
Flexible terms
Senior rates
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KiwiSaver

18+ providers 7.1% return

Compare KiwiSaver providers and funds to maximize your retirement savings. Find conservative, balanced, and growth funds suitable for seniors, with expert advice on contribution strategies and withdrawal options at 65+.

Key Features:

Government contributions
Employer matching
Tax benefits
Retirement flexibility
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Investment Funds

12+ fund managers 6.8% return

Explore managed investment funds designed for retirees and seniors. Compare conservative and balanced portfolios that prioritize capital preservation while generating steady income through dividends and distributions.

Key Features:

Professional management
Diversified portfolios
Regular income
Risk management
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Retirement Accounts

10+ providers 5.5% yield

Compare retirement account options including annuities, pension schemes, and retirement income products. Find solutions that provide regular payments and financial security throughout your retirement years.

Key Features:

Regular payments
Inflation protection
Flexible withdrawals
Tax efficiency
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Senior Financial Tips

Essential financial advice for New Zealand seniors

Diversification

Spread investments across different asset classes to reduce risk

Income Focus

Prioritize investments that provide regular income in retirement

Professional Advice

Consult with financial advisors who specialize in senior finances

Review Regularly

Review your portfolio annually and adjust as your needs change

Maximize Your Retirement Savings

Smart financial planning ensures your money works harder during retirement. Compare the best options across all categories:

Need expert advice? Use our financial comparison tool or connect with qualified financial advisors specializing in senior finances. Free initial consultations available.

Frequently Asked Questions About Senior Financial Services

What are the best term deposit rates for seniors in NZ?
Current best term deposit rates for NZ seniors (as of 2025): 6-month terms pay 5.50-6.00%, 1-year terms pay 5.75-6.25%, 2-year terms pay 5.50-6.00%, and 5-year terms pay 5.25-5.75%. Top providers include Heartland Bank (typically highest), Kiwibank, ANZ, BNZ, and credit unions like First Credit Union. Rates change frequently - compare weekly for best returns.
How does KiwiSaver work after 65?
After 65, you can withdraw your entire KiwiSaver balance tax-free at any time, or leave it invested to keep growing. You stop receiving government contributions, but can keep contributing if still working. Member tax credits (up to $521/year) continue if you're under 65. Average KiwiSaver balance at 65 is $70,000-$90,000. Consider withdrawing only what you need and leaving the rest invested for better returns.
What is the best investment for retirees in New Zealand?
Best NZ retirement investments depend on risk tolerance: Conservative: Term deposits (5.5-6%), government bonds (4-5%), savings accounts (5%). Balanced: Conservative KiwiSaver funds (5-7% returns), diversified PIE funds, property. Growth (for those 65-70): Balanced KiwiSaver (6-9%), NZ shares (7-10% historical). Most financial advisors recommend keeping 2-3 years of expenses in cash/term deposits, with the rest diversified.
How much money do I need to retire in New Zealand?
NZ Superannuation provides $27,664/year (single) or $42,376/year (couple, combined). To maintain $70,000/year income (comfortable retirement), you'll need $500,000-$700,000 in savings. Minimum retirement savings recommendations: Basic lifestyle: $250,000-$350,000, Comfortable: $500,000-$700,000, Luxury: $1,000,000+. This assumes mortgage-free home ownership.
Can seniors get financial advice for free in NZ?
Yes, free financial advice for NZ seniors is available from: Sorted.org.nz (government-funded), Citizens Advice Bureau, Age Concern, Commission for Financial Capability (retirement calculators), and your bank (basic advice). For comprehensive planning, paid financial advisors charge $150-$300/hour or $2,000-$5,000 for retirement plans. Many offer free initial consultations.
What is a PIE fund and is it good for seniors?
PIE (Portfolio Investment Entity) funds are tax-advantaged investment funds in NZ. Benefits for seniors: Lower tax rates (max 28% vs 33-39% for other investments), automatically handled tax, diversification. Good options include Conservative PIE funds (lower risk, 4-6% returns) from Simplicity, Kernel, InvestNow. Best for seniors wanting better returns than term deposits with moderate risk.
Should I pay off my mortgage before retiring?
Generally yes - 85% of NZ retirees are mortgage-free. Benefits: Reduces living costs by $1,500-$3,000/month, provides security, less stress. However, if mortgage rate is low (under 5%) and you have high-return investments (7-9%), keeping the mortgage while investing might be better. Most financial advisors recommend being mortgage-free by 65 for peace of mind.
How do I protect my savings from inflation in retirement?
Protect retirement savings from NZ inflation (averaging 2-3%): Keep 40-60% in growth assets (shares, property, balanced funds), 30-40% in fixed income (term deposits, bonds), 10-20% in cash. NZ Superannuation increases with inflation automatically. Consider inflation-indexed government bonds. Withdraw only 4-5% of savings annually to preserve capital. Review and rebalance portfolio yearly.