Provider · broker-grade review
BNZ KiwiSaver
BNZ KIWISAVER SCHEME
- Funds in scheme
- 8
- Funds under management
- $6.99B
- Fee range
- 0.30–0.45%
- Best 5-yr return
- 6.93%
Returns are annualised, after fees and 28% PIR, sourced from Sorted Smart Investor (as at Q1 2026). Past performance is not a reliable indicator of future performance. General information only, not personalised advice.
The Smiths take
What we know about BNZ KiwiSaver
- →BNZ runs 8 KiwiSaver funds across 3 risk bands. covering Conservative, Balanced and Growth.
- →Total annual fees range from 0.30% to 0.45% depending on the fund.
- →Best 5-yr annualised return in the scheme is 6.93% (after fees & 28% PIR).
- →Includes at least one government-designated default KiwiSaver fund.
- →Scheme manages $6.99B in total.
Smiths' top picks from BNZ
The 3 BNZfunds we'd look at first
- #1
- #2
- #3
Every fund in the scheme
All 8 BNZ KiwiSaver funds
Conservative · 3 funds
Bnz Kiwisaver First Home Buyer Fund
Default fund2.77% 5y0.45% feesReview →Bnz Kiwisaver Cash Fund
Default fund2.45% 5y0.30% feesReview →Bnz Kiwisaver Conservative Fund
Default fund2.26% 5y0.45% feesReview →
Balanced · 3 funds
Bnz Kiwisaver Balanced Fund
Default fund5.34% 5y0.45% feesReview →Bnz Kiwisaver Moderate Fund
Default fund3.86% 5y0.45% feesReview →Bnz Kiwisaver Default Fund
Default fund-0.35% feesReview →
Growth · 2 funds
Bnz Kiwisaver Growth Fund
Default fund6.93% 5y0.45% feesReview →Bnz Kiwisaver High Growth Fund
Default fund-0.45% feesReview →
Should you be in BNZ?
We compare BNZ against every other NZ provider.
Take the 90-second Health Check. We'll grade your current setup, tell you what it's costing you, and recommend the best fit from our advised panel, benchmarked against every fund in the directory, not just BNZ's.
Our directory covers every NZ KiwiSaver fund. Our advice panel is five schemes (ANZ, Booster, Fisher Funds, Generate, Milford); recommendations land on four funds across Milford and Booster — how we're paid →