Get at least $5,000 cash back on your first home
Apply for a new BNZ home loan of $250,000 or more when buying your first home and you could get a minimum of $5,000 cash back,^ even with a low deposit of 5%.
Get into your first home with KiwiSaver
You may be able to withdraw savings from your BNZ KiwiSaver Scheme account to help you get in to your first home.
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First Home Buyer Fund
The BNZ KiwiSaver Scheme has a fund designed for first home buyers. It aims to achieve relatively stable returns over the short to medium term, for those who are planning to withdraw their savings within the next three to five years. Compare our funds
More ways you can get your deposit together
Saving a deposit for your first home may seem daunting. But we’re here to help. There are lots of ways you may be able to get your deposit together. In addition to withdrawing your KiwiSaver savings, you could have built up other pots of money or even been given some money by relatives.
How to make a withdrawal from the BNZ KiwiSaver Scheme
You could withdraw most of your KiwiSaver savings^ to help you get in to your first home. Learn more about our withdrawal process.
1. Find out if you’re eligible
You can apply for a first home withdrawal once you’ve been a member of a KiwiSaver scheme for three years. You’ll need to live in the home you’re buying, or buying land to build a home you’ll live in. Find out more about first home withdrawal eligibility in our guide for first home buyers.
2. Request an estimate
If you’re already a BNZ KiwiSaver Scheme member, you can request an estimate for the amount you could withdraw to buy your first home.
3. Apply
Complete the BNZ KiwiSaver Scheme home purchase withdrawal application form (PDF 205KB). Drop the completed form and accompanying documents in to a BNZ branch, or freepost it to the address shown at the end of the form. Once we’ve received your request, it can take up to 10 business days to process.
Request a withdrawal estimate
Leave your details and we’ll call you to talk through your options, and email you an estimate of the funds you have available to withdraw from your BNZ KiwiSaver Scheme account.
BNZ KiwiSaver Scheme help and support
If you need some help call 0800 269 5494.
BNZ Investment Services Limited, a wholly owned subsidiary of Harbour Asset Management Limited, is the Issuer and Manager of the BNZ KiwiSaver Scheme. Download a copy of the BNZ KiwiSaver Scheme Product Disclosure Statement PDF 1.1MB, or pick up a copy from a BNZ branch.
Investments in the BNZ KiwiSaver Scheme are not bank deposits or other liabilities of Bank of New Zealand (BNZ) or any other member of the National Australia Bank Limited group. They are subject to investment risk, including possible delays in repayment. You could get back less than the total contributed. No person (including the New Zealand Government) guarantees (either fully or in part) the performance or returns of the BNZ KiwiSaver Scheme or the repayment of amounts contributed. National Australia Bank Limited, the ultimate owner of BNZ, is not a registered bank in New Zealand but a licensed bank in Australia and is not authorised to offer the products and services mentioned on this webpage to customers in New Zealand.
BNZ Investment Services Limited (BNZISL) uses the BNZ brand under licence from Bank of New Zealand, whose ultimate parent company is National Australia Bank Limited. No member of the FirstCape group (including BNZISL) is a member of the NAB group of companies (NAB Group). No member of the NAB Group (including Bank of New Zealand) guarantees, or supports, the performance of any member of FirstCape group’s obligations to any party.
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