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Raiz App - Double Referrals for March, $5 for Both Referrer and Referee

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Raiz App - Double Referrals for March, $5 for Both Referrer and Referee
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downbythecreek on 01/03/2019 - 12:37 app.raizinvest.com.au (158 clicks)
Last edited 01/03/2019 - 12:40

Just got an email that Raiz are doing $5 referrals for March, sign up with a referral link and both referrer and referee get $5 credited to their account. Will need to input referral code on webpage to get the $5.

Raiz is a microinvesting service that allows you to put away small amounts each week that get invested into various financial products.

Content of email:

Hi,

This month, we will be doing double referrals for all of March! Starting today, for every active referral, that’s $5 for you and $5 for your mate.

How do I share my link?

Just make sure that they sign up using your unique invite link below. You can share your link via the Facebook & Twitter buttons below or copy & paste the link to them directly. You will both receive the $5 bonus after they make their first investment.

There are no limits on how many people you can refer, so feel free to invite as many people as you’d like 😊

Since launch, 28,600 Australians have signed up to Raiz through our referral rewards. Your reviews – good and bad have continued to help us improve the Raiz product and features.

Thanks for your loyal support,

Your Raiz Team

Referral Links

Referral: random (194)

Until 31 December 2024, $20 each for referrer & referee (after minimum $5 investment).

Normally $5 each for referrer & referee (after minimum $5 investment).

Financial

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Raiz Invest
Raiz Invest

closed Comments

  • Dr Ginger on 01/03/2019 - 12:50
    +3

    Round up feature is great, but the management costs of $1.25 / month when I used it meant that I earned less than just having the money in a bonus saver account with ING or similar. YMMV

    • blighst on 01/03/2019 - 13:00
      +3

      Yep Raiz is only good for the round ups. Some banks are starting to offer round ups into savings so that advantage is slowly trickling.

      Management fees are a joke (and are on top of the underlying etf fees)

      If you want some passive investment, personally I use Spaceship which is free up to 5k and then a much more reasonable fee structure. Also better referral program of $20 to referrer and referee.

    • EightSix on 01/03/2019 - 14:28

      should just do daily deposits of $5 and you'll be fine.

      and yeah i agree spaceship is a better option for most people.

      • Gaz1 on 01/03/2019 - 16:58

        Spaceship looks interesting.
        How do you find out current value of the portfolio & past prices?
        I presume there is no protection from them going under (unlike Govt bank protection)?

        • blighst on 01/03/2019 - 22:51

          I'm up 7.16pct on the spaceship index (50pct Aus 50pct global over the last 8 months or so.).

          Don't use their hand picked portfolio so can't comment on that.

          Their annual reports are public though so can look into them.

        • EightSix on 03/03/2019 - 08:47

          You can't. Unless you have an account thats signed up but without depositing money it shows in there app right until you deposit money into it.

    • AnneFagit on 01/03/2019 - 15:42

      ING have a round up feature and its free.

  • Ignig on 01/03/2019 - 13:10

    I'll add that since I've started my Raiz account over a year ago I've gained a few hundred dollars from it, I put a set amount in every fortnight.

  • miq on 01/03/2019 - 13:37

    Lol

  • justtoreply on 01/03/2019 - 16:47
    +1

    Uninformed investment is purely speculation.

  • Moo Deng on 02/03/2019 - 10:17
    +1

    If you get the $5 referral and then withdraw it to make the balance $0, do they still charge you the $1.25 fee every month the account is still open?

    Or if the balance is $0 then you won't get charged the monthly fee?

  • momptdeals on 02/03/2019 - 17:36

    I trialled raiz (previously called acorns) for 1 year exactly (mid Feb 2018) and received an 9.54% return on the moderately aggressive model. Was down to a 2% loss at around 6 months in after a crash but has bounced back since then.

    • blighst on 03/03/2019 - 14:08
      +1

      Is that pre or post fees?

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