About This App
For those who find traditional investing daunting or time-consuming, Raiz offers a straightforward way to start growing your money.
It's designed for individuals looking to invest small amounts regularly, turning everyday spare change into potential long-term growth without requiring significant financial expertise or large initial capital.
Best For
- Beginner investors
- Users looking for automated savings
- Individuals wanting to invest spare change
- Parents saving for children
- Those seeking retirement investment options
- Australian residents
Key Features
Round-Ups
Automatically invest the spare change from your daily purchases. This feature makes saving effortless, allowing your money to grow in the background of your everyday life.
Diversified Portfolios
Choose from various portfolios spread across stocks, bonds, and even bitcoin. This offers a way to spread investment risk and tap into different market opportunities.
Raiz Rewards
Earn rewards by shopping with partner brands and have the money invested back into your account. It's a way to get more value from your regular spending habits.
Editor's Notes
- The app's automated features, like round-ups and recurring investments, make it incredibly easy to start investing, even with small amounts.
- While the focus is on micro-investing, it's important for users to understand the fee structure, especially for smaller balances, as detailed in the PDS.
- The integration of investing for kids and retirement within the same app streamlines financial planning for different life stages.
User Feedback
Users appreciate the ease of starting investments and the automatic saving features. Some find the fees a consideration for very small balances.