Raiz Kids is a simple way to save and invest small amounts regularly for your children and/or dependents.
We understand that life gets busy and messy, especially when you have little ones. For the parents and grandparents in our Raiz community, we know it is not simple to get started on a savings fund for your kids.
What is Raiz Kids?
Raiz Kids is a simple way to save and invest for your children and/or dependents who are under the age of 18. Raiz Kids is not a separate account for your child. Instead, Raiz Kids sits within your current Raiz account as a feature in the menu.
Just like your Raiz account balance, you can invest your spare change from everyday purchases, set up a recurring or lump sum deposit towards your Raiz Kids.
How does it work?
Raiz Kids works by using your pre-existing Raiz account. Through the Raiz app on your mobile or desktop, you can select the portion of your balance that goes towards the Raiz Kids saving goals. At any time, you can split the portion of your current balance to Raiz Kids. Raiz Kids will then equally split among the dependents you have added.
For example, if you select 50% of your total balance to go towards your Raiz Kids and your balance is RM1,000, then RM500 will go towards your Raiz Kids goals. If you then put in RM10 recurring deposit, 50% of this (RM5) will also go towards the Raiz Kids goals.
Once your Raiz Kids reach the age of 18, you will then have the option of these savings to be transferred into their Raiz account. Otherwise, the money will remain within your Raiz account until you request a transfer.
Why use Raiz Kids?
With Raiz Kids, you can apply the same Raiz philosophy of investing small amounts regularly, watching it grow for you and your children in the background of life.
Learn to save and invest without affecting your lifestyle by automatically saving and investing small amounts for your kids in the background of life with Raiz Kids!
Don’t have the Raiz App?
Download it for free in the App store:
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.