![]() However, the sweet bonus with Moneytree is that you can link to your loyalty cards, too, i.e. Launched in Australia in 2017, Moneytree works a lot like Pocketbook and MoneyBrilliant in that it links all your accounts, cards and super in one place. Cost: $2.50 per month management fee for balances under $10,000 or 0.275% per year for balances over $10,000.For more detail read our complete review of the Raiz Invest app. There are no withdrawal fees if you decide to take money out. A monthly management fee of $2.50 is charged on balances under $10,000. For example, if you buy a coffee for $3.60, Raiz will round it up to $4.00 but invest the 0.40 cents on your behalf. ![]() The Raiz app works by rounding-up your expenses to the nearest dollar and investing the difference. The end result should be a higher return for lower risk. Raiz spreads your investment across hundreds of the most widely held Australian and international companies, corporate bonds, government bonds and cash. Diversifying is a financial management strategy that mixes different assets within a single portfolio. Raiz (formerly known as Acorns) is a micro-investing app that automatically deposits your spare change into one of six diversified portfolios. ![]() If you’ve already got your budgeting and tracking apps lined up, the next thing you could look at is investing some of your hard-earned cash.
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