BNZ KiwiSaver Cash Fund
BNZ Kiwisaver Cash Fund is a defensive KiwiSaver fund managed by BNZ. It has 16,316 members and holds $365 million. It opened in 2013.
Fees and returns
- Annual fee
- 0.30% of your balance each year
- Return over 1 year
- +2.3% a year
- Return over 3 years
- +3.4% a year
- Return over 5 years
- +2.5% a year
Figures are after fees and tax, as at Q3 2026, sourced from the FMA Disclose Register.
How it compares
Over the last five years this fund returned +2.5% a year. The median for cash funds over the same period was +2.5% a year, across 13 funds. This fund is level with that median.
What it invests in
Cash and cash equivalents 100%.
Largest holdings
- ASB Bank Ltd Registered Certificate of Deposit 03/08/2026 6.46%
- ASB Bank Ltd Registered Certificate of Deposit 10/12/2026 6.4%
- Westpac New Zealand Ltd 5.93%
Year by year
| Financial year | Return |
|---|---|
| 2025/26 | +2.3% |
| 2024/25 | +3.8% |
| 2023/24 | +4.0% |
| 2022/23 | +2.3% |
| 2021/22 | +0.3% |
| 2020/21 | +0.4% |
| 2019/20 | +1.3% |
| 2018/19 | +1.7% |
| 2017/18 | +1.7% |
| 2016/17 | +1.9% |
About this fund
The BNZ KiwiSaver Cash Fund is a defensive fund that invests entirely in income assets — New Zealand short-term cash and cash-equivalent securities. It aims for stable returns over the short term with no growth-asset exposure. BNZ states no minimum suggested timeframe for it. It has an annual fund charge of 0.30%.