It's your call
Choose between Kernel Save or Kernel PIE Save.
Kernel Save
On-call savings
2.75%
p.a.*
Interest rate
*Existing customers are eligible for this rate via the dashboard (interest subject to change)
High-interest savings
Tax efficient PIE structure
Deposit Compensation Scheme coverage
Transfer to your Kernel wallet within 1 business day. Withdraw to your bank in 1 business day.
Read about transfers and withdrawals.A NZ based registered bank account
Paid plan
Kernel PIE Save
On-call savings
High-return savings
Tax efficient PIE structure
Deposit Compensation Scheme coverage
Transfer to your Kernel wallet within 1 business day. Withdraw to your bank in 1 business day.
Read about transfers and withdrawals.Kernel PIE Save is a PIE Fund in the Kernel Funds scheme.
The fund’s underlying assets are deposits held on call with one or more AA- rated, registered New Zealand banks.
Kernel PIE Save
PIE Save is a tax-efficient way to save and get your on-call cash working harder for you.
Tax is capped at 28%, so you keep more of what you earn. The effective rate shows what an ordinary savings account would need to pay to match it. The higher your tax rate, the further ahead you are.
| Personal tax rate | Effective rate* |
|---|---|
| 10.5% | 2.75% |
| 17.5% | 2.75% |
| 30% | 2.83% |
| 33% | 2.96% |
| 39% | 3.25% |
*Effective rate: this is the rate that an ordinary savings account would need to pay, taxed at your income rate, to give you the same after-tax return.
Family trip to Bali
$0 of $15,000
Auto-Save
$500 fortnightly
Next: Tue 29 Jan 2025
Introducing Kernel goals
Give your money a purpose with Kernel goals. Track and automate your savings to help you stay the course.
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One platform. One login. Multiple ways to manage your savings and investments.
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Why Kernel Save?
Government regulated
Kernel is a regulated entity. We hold an MIS license, FSP registration and are a licensed KiwiSaver provider.
Automate your savings
Forget the busywork; our automation features do the heavy lifting for you.
Easy access to your funds
Withdraw your money with ease, when you need it. No penalties or hidden wait times.
Your questions, answered
Simply deposit money into your Kernel account wallet and once it’s cleared, you can transfer the money to Kernel Savings products.
Money in Kernel’s Savings products is held by Kernel’s custodian, Adminis, and with a NZ registered, RBNZ regulated, -AA credit rated bank. While bank defaults are possible, capital adequacy requirements make this very unlikely. Kernel Save is also protected by the Deposit Compensation Scheme (DCS).
Anyone that has a verified, active Kernel account can start using Kernel Savings products through their dashboard.
Read more FAQs
Ready to break up
with your bank?
Open a Kernel account, then start saving online in minutes.
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