What is spare change investment?
Spare change investment (apart from one-lump sum and recurring investment) is Raiz’s main feature to help people to save & invest just in the background of life. It is automatic and effortless so you save & invest without you noticing it!
How does it work?
1. First, link your debit & credit cards under the Round-up Account. You may also link your bank account too.
2. Next, spend like normal and pay using the cards or online banking. Raiz will then round up that transaction to the next Ringgit and invests the spare change into your Raiz account.
Example, if you pay for a cup of coffee for RM8.90 using your card, we’ll automatically round it up to RM9 – so your spare change is 10 cents.
Or, you pay your bills using online banking (FPX) for RM55.20 – your spare change is 80 cents.
We will continue to round up your everyday purchases. We will first accumulate the spare changes (only virtually!) and when the spare change has reached at least RM5, we will take that amount from your bank, and invest it! Easy!
3. Now sit back and relax and see how it grows over time. As you spend, you save!
Try it out!
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The information on this website is general advice only. This means it does not consider any person’s investment objectives, financial situation or investment needs. If you are an investor, you should consult your licensed adviser before acting on any information contained in this article to fully understand the benefits and risk associated with the Raiz product.
The information on this website is confidential. It must not be reproduced, distributed or disclosed to any other person. The information is based on assumptions or market conditions which change without notice. This will impact the accuracy of the information.
Under no circumstances is the information to be used by, or presented to, a person for the purposes of deciding about investing in Raiz.
The past return performance of the Raiz product should not be relied on for deciding to invest in Raiz and is not a good predictor of future performance.
The advertisement has not been reviewed by the SC.