Feijoa KiwiSaver Review (2026)

What is Feijoa?

Feijoa is a New Zealand fintech app built around a single job: rounding up everyday purchases and sending the spare change into KiwiSaver.

It's important to note that Feijoa isn't a KiwiSaver scheme. Feijoa sits alongside your KiwiSaver, so that when you spend, thr rewards and roundups are directed into the KiwiSaver fund or provider of your choosing. Feijoa works with every single KiwiSaver provider, and through Akahu and open banking, they're able to connect to every major bank to make this work.

How does Feijoa work?

Users choose a round-up increment (to the nearest $1, $2 or $5), and every purchase on a linked transaction account (e.g. your debit/credit card) is rounded up. The difference is then transferred to the users own KiwiSaver, or a nominated persons (e.g. grandchildren's accounts). Importantly, you can connect more than one account to Feijoa if you use a combination of debit and credit cards.

For example, let's say you purchase a coffee worth $6.30. In the Feijoa app, if you'd selected to roundup to the nearest $1 increment, you'd be charged $7.00. $6.30 of this would pay for your coffee, and the remaining $0.70 would be directed towards KiwiSaver. Super easy!

Round-ups invest daily, so contributions start compounding immediately. If you later change your mind, you can cancel that day's amounts before they're debited through the app. There you can pause or adjust your round-up increments at any time. Feijoa also allows linking across shared accounts, for example couples, flatmates, or grandparents contributing to a grandchild's account.

Fees

Quick note: If your KiwiSaver is with MAS, the above fees are fully subsidised and Feijoa is free for ongoing use.

Open banking and security

Using Feijoa requires entering online banking credentials through its open banking provider, Akahu. Neither Feijoa nor Akahu store or retain these credentials. Open banking also remains a relatively new market in New Zealand, so just be mindful of your bank's terms and conditions before connecting to any third-party app.

Why bother with round-ups?

Feijoa is positioned as a way to help members build their KiwiSaver balance in an easy and convenient way.

My view is that it's a great way to get younger people excited about saving and investing through its fun branding and app experience. With government entities encouraging people to invest $1,042.86 a year into KiwiSaver to maximise the government contribution of $260.72 a year, this can be an effective way to get there passively. It's said that more than one million New Zealanders miss out on some or all of this each year, and round-ups offer an easy way to close some of that gap. Even if they can't hit the $1,042.86 number, even partial contributions still earn the 25% contribution, so every amount matters.

Just note, this is a general feature of the KiwiSaver scheme rather than something specific to Feijoa.

Pros and cons

• Pros:
  
  • Feijoa works with every KiwiSaver provider and every major New Zealand bank.
  • It's automatic and works in the background to grow New Zealand's national savings.
  • With PAYE, contributions stop once you stop working or move to a self-employment model. Feijoa continues as long as you spend!
  • A million Kiwis miss out on the government contribution every year. Through a collection of small transactions, many Kiwis will receive these funds where otherwise they may not have.
  • Feijoa can be downloaded on iOS and Google Play, so everyone can access it. 5 Stars on the Apple App Store too.
  • Even if you aren't in KiwiSaver yourself, you can contribute to your family's accounts (e.g. children, grandchildren, spouse)
• Cons
  
  • If you manually invest the same amounts directly into KiwiSaver there is no fee. Through Feijoa you'll incur a fee for the convenience.
  • If you don't spend, you don't save. So if you're a light spender, or not the shopper in your household, you may not have enough transactions to make this worthwhile.
  • If you're worried about open banking and third-party apps, there's no way around that with Feijoa.

The bottom line

Feijoa is a fantastic addition to New Zealand's financial landscape. If it helps Kiwis save more, or even think a little more about KiwiSaver, then it's a big win in my view. For people who find it hard to make regular voluntary contributions to KiwiSaver, automatic round-ups offer a convenient way to save more and work toward the annual government contribution.