Raiz

Editor's Review

Raiz is a user-friendly app designed to make saving and investing accessible to everyone. Whether you're a seasoned investor or just starting out, Raiz offers a simple and effective way to grow your money. 🚀

With Raiz, you can start investing with as little as $5! The app's flagship feature, Round-Ups, automatically invests your spare change from everyday purchases into a diversified portfolio of stocks and bonds. 🔄 You can also set up recurring investments on a daily, weekly, or monthly basis, or make one-off lump sum investments whenever you like. 💰

Raiz offers a range of pre-defined investment portfolios to suit different risk profiles. Depending on the portfolio you choose, your investment will be diversified across hundreds of Australian and international companies, corporate bonds, government bonds, cash, bitcoin, and residential property. 🏢 Raiz also automatically rebalances your portfolio to mitigate risk and optimize returns. ⚖️

Security is a top priority for Raiz. The app uses bank-level security and data prevention to protect your information and prevent unauthorized access. 🔒 You can also earn rewards by shopping with Raiz Rewards partners like eBay, Apple, and Catch. 🎁

Raiz also offers features for investing in your children's future and for your retirement. Raiz Kids allows you to set up investment accounts for your children, while Raiz Invest Super integrates superannuation into the same app. 👶👴

Raiz is committed to clear and transparent fees. Fees start at $4.50/month for accounts under $20,000. You can deposit and withdraw funds whenever you like with no additional fees. There are no fees for accounts with a $0 balance. 💸

As quoted by the press, "This is one of the greatest products I have seen in my career.” - Noel Whittaker, author of Making Money Made Simple, "The app makes investing effortless” - Forbes, and “The best app I’ve ever downloaded saves me $$ every day without having to lift a finger.” - Mamamia. 📰

Features

• Round-Ups: Invest spare change automatically

• Recurring Investments: Set daily/weekly/monthly deposits

• Lump Sum Investments: Boost account anytime

• Diversification: Invest in stocks, bonds, and more

• Automatic Rebalancing: Optimize returns, mitigate risk

• Bank-Level Security: Keep your data safe

• Raiz Rewards: Earn while you shop

• Raiz Kids: Invest for your children's future

• Raiz Invest Super: Invest for retirement

Pros

• Easy saving and investing for everyone

• Diversified investment portfolios available

• Automatic rebalancing to optimize returns

• Bank-level security to protect your data

• Earn rewards while shopping with partners

• Invest for your kids and their future

• Transparent fees with no hidden costs

Cons

• Fees apply to accounts under $20,000

• Investment always carries risk