Access parish PIF account
Parish treasurers may login here to access their PIF account https://bfs.booster.co.nz/Account/Logon.aspx.
PIF interest rate
The interest rate paid on Presbyterian Investment Fund On Call Fund is currently 5.25% p.a., but will increase to 5.50% from 1 January 2024. The interest rate on the Long Term Fund is currently 3.0% p.a. plus inflation. The Trustees review the interest rate each month (except December), and interest is credited quarterly. For further information about the PIF, contact either the Executive Officer, Russell Garrett or John White, Property and Administration Manager.
About the Presbyterian Investment Fund
The Presbyterian Investment Fund (previously known as the Amalgamated Investment Fund) is a consolidated fund of approximately $175 million. The PIF is made up of parish capital funds, parish funds not immediately required for operational activities, General Assembly funds and trust funds.
PIF account-holders can select from two Fund options: the On Call Fund and the Long Term Fund. The On Call Fund consists of high quality short-term assets and is available on call. As a result, the interest paid on the On Call Fund will likely be similar to short-term Term Deposit rates. The Long Term Fund consists of a balanced mix of diversified investment assets, including shares and property. The Long Term Fund is expected to pay a higher rate of interest over time, but carries some risk of loss.
The PIF is open to all parishes. Deposits cannot be accepted from individuals or non-Presbyterian entities.
Transactions are straightforward. Interest is credited quarterly and Parish Treasurers can view and download statements using their personal login access.
Annual Newsletter and Financial Statements
Download or view the latest Presbyterian Investment Fund report and financial statements. Copies of older financial statements and reports are available on request from the Church Property Trustees.