With Kernel, you can get started saving or investing with as little as $1.
Fees associated with Kernel kids accounts are the same as any individual Kernel account. We keep fees low and clearly set out. For investments in our Funds, you won’t pay:
Brokerage or transaction fees on fund orders
Account minimums
A monthly member fee
Entry, exit, or contribution fees
We charge annual fund management fees, which are as follows:
Annual fund management fees
Kernel charges an annual fund management fee when investing in our funds. These range from 0.25% - 0.50%, depending on the fund.
The fund management fee is calculated on your total investment balance, which does not include your wallet. The fees are automatically deducted from the fund.
Fund management fees are applicable to both our Invest product and the Kernel KiwiSaver Plan, as the underlying funds available in each offering are the same.
You can read more in our in-depth in our FAQ here.