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How do we give you $10,000 in Aera Credits?
Think of us as your savings partner, real estate agent, mortgage broker all in one. Everything stays in-house, so we can get you to your first house.
Then when you’re ready to buy, we split these commissions with you which you can redeem up to $10,000 into cash for your deposit*.
That’s getting you your first home faster.
Instantly open a Member account and save with our Accelerators™, unlock and track your Deposit Credits.
Credits are applied monthly based on behaviour
Check your current balance within the Aera app and via the chat function
Turn credits into home deposit cash when you use Aera’s services to secure your mortgage, insurance or buy a brand new home
Unlock credits in your account by reaching key milestones towards your first home.
You can redeem them when you buy a home. We split a third of our commission from your mortgage with you and up to $8500 if you purchase a new home with Aera’s help.
You can redeem up to $10,000 in credits in total!
Timeline assumes the couple commences saving for a deposit and compares Aera's on-call Deposit Accelerator account rate (5.75%) with generally available on-call savings rates as at February 2024.
House purchase price saving assumes that by purchasing a property sooner, the price will have been subject to lower price growth over time. This calculation is based on the future purchase price growth range based on the historical 30 year compound growth rate of 6.8% (REINZ).
Target property starting price assumed to be March 2023 REINZ median Auckland house price ($1,000,600).
Sarah and David are assumed to earn $150,000, approximately the average household Auckland income ($153,000 as at March 2023, Corelogic/Infometrics).
Sarah and David are assumed to contribute 6% of gross salary to Kiwisaver, compounding 5% per annum gross and contribute a monthly deposit savings rate of approx 15% of gross income ($1875 per month).
Past performance of house price appreciation is not indicative of future performance. House price valuations may go up as well as down.
Sign-Up Credit unlock: you unlock a credit amount equal to the amount of your first deposit, up to $500.
Direct Deposit unlock: Automatic payment must be at least monthly in three consecutive months.
6 Months Milestone unlock: 6 month credit requires 6x monthly deposits of an average at least $1000 a month.
Our Accelerator accounts let you purchase bundles of Underlying Assets which can include asset types like corporate bonds or retail managed funds. These are publicly available assets that you can access directly if you so choose. Using an Accelerator account to make a purchase has the same risks as buying those same underlying assets through any other method.
This means there is no guarantee that the value of any Underlying Asset you buy will increase, and you may lose the money you start with. Aera does not provide any financial advice or recommendations in relation to your choice of any Accelerator account. You should seek independent legal, financial, taxation and other advice when considering the use of an Accelerator account and whether it it suitable for your needs.
Our full terms are available here and are to be read in conjunction with the product disclosures shown when opening an account.
The Overnight Deposit Accelerator is perfect for when you need fast access to your funds. With a 1 day notice period, your funds are never out of reach.
Thirty is great for when you’re ready to commit funds for slightly longer and roll them over. With a 30 days notice period, your funds can be stowed away earning higher interest but still close at hand.
The underlying assets in a Thirty account consist of a mix of cash and short-dated bonds. When a large institution or government entity wants to borrow funds they often issue a bond. These entities are responsible for repaying those bonds over time as well as paying out a return which can be higher than what you might get from cash in a bank account.
Aera makes putting your cash to work through a mix of these types of assets easier by breaking down this complexity into a daily return. This gives you the benefit of achieving a potentially higher return when compared to having your funds just sitting in a bank account.
Aera’s Thirty accelerator is a portfolio of cash (20%) and short-dated bonds issued by Infratil Limited IFTHC 12/29 (40%) and Fletcher Building Limited FBI190 03/25 (40%), (”Underlying Assets”).
The Underlying Assets are held by Aera 22 Nominee Limited as bare trustee on behalf of you, the customer.
When you transfer money into Aera Thirty you will automatically be allocated Underlying Assets. You do not need to do anything further to start generating a return.
Aera Thirty has a notice period that is advised to you at the time of opening the account.
This means that there will be a delay between when you advise us to transfer out of the Underlying Assets to your Everyday account and the time that your money is available to you. The Notice Period is intended to cover expected bank and payment processing times however any unexpected delays due to reasons outside of Aera’s reasonable control will be advised to you as soon as practicable.
The Targeted Daily Rate is a variable per annum rate that may go up or down depending on the performance of the Underlying Assets. The rate applicable for each day will be clearly shown on the relevant Aera Thirty page linked from your home screen, and final interest amounts will be deposited to your account daily.
Three is great for when you’re ready to commit funds for slightly longer and roll them over. With a 3 day notice period, your funds can be stowed away earning a higher return but still close at hand. The underlying assets in the Aera Three accelerator are a mix of managed funds that we hold on your behalf.
Ninety is great for when you’re ready to commit funds for slightly longer and roll them over. With a 90 days notice period, your funds can be stowed away earning a higher return but still close at hand. The underlying assets in a Ninety account are a mix of cash and corporate bonds.
Click here for the full set of Deposit Credit Terms. Terms are subject to change. Members can not redeem more than $10,000 towards any single first home purchase.
“Locked” credit balances are “unlocked” along your savings journey when you complete eligible milestones; achieve engagement or savings behaviour goals as deemed by Aera from time to time. Any unlocked credit balance can only be used towards your first home deposit and has no other value.
Credits can only be redeemed as cash to put towards a first home deposit at the point of purchase and only when you use eligible Aera services to complete that first home purchase. Examples of such services include Aera facilitating the best mortgage, insurances or purchase of a brand new home for you. The more of Aera’s services you use, the higher the amount of credits you may be eligible to redeem for your deposit, up to $10,000.
