The Raiz app is like a virtual coin jar that helps you build long-term savings without giving up your short-term spending - by rounding up and saving the difference on your everyday purchases.

When you’re juggling your finances saving extra in super can seem out of reach. You know adding more to your super can make a huge difference to the value of your final nest egg - and there’s that niggling, persistent thought to act now, before it’s too late. But with so many demands on your finances such as mortgage repayments, renovations, school fees and growing expenses, super is something that will just have to wait. Right?

It doesn’t have to with the Raiz app, which can help you save easily, top up your super automatically and stay ahead of the game in retirement.

Get a stake in shares with your small change

Raiz is a micro-investing site that automatically invests small sums you save through everyday round ups on your spending.

It’s simple.

All you do is link the app to your debit and credit cards so that whenever you make a purchase, the app automatically rounds up the cost to the nearest dollar and saves the difference into your Raiz account. You can also elect to have a regular savings amount withdrawn from your linked card to top up your savings, or deposit larger lump sums to reach your savings goal sooner.

Raiz is a registered managed investment scheme, so as you save your money is being invested in your own portfolio within Raiz. You can choose from Conservative to Aggressive, depending on how much risk you’re willing to take on. The minimum investment amount is $5, which Raiz automatically invests for you, according to your portfolio choice.

Link your Raiz savings to your super

Linking your Raiz account to your super fund is easy. Once you reach your savings goal you can make a voluntary contribution into super – then watch your nest egg flourish through the tax breaks in super.

So why not use the time you have as a tool to upgrade your future income now?

The graph shows how much extra you could have in retirement if you start saving now by adding an extra $3, $5 or $10 a day over the next 25 years.

How much does it cost?

All you need to do is have a minimum of $5 for Raiz to invest and there’s a $15 annual fee, for balances under $5,000.

You can request a withdrawal of all or part of your investment at any time through the app at no cost.

Learn more about Raiz

"Raiz" is a registered trademark of Raiz Invest Limited. © 2018 Raiz

The Raiz website/app is operated by Raiz Invest Australia Limited – Authorised Representative of AFSL 434776. The Raiz Invest Fund is issued in Australia by Instreet Investment Limited (ACN 128 813 016 AFSL 434776) a subsidiary of Raiz Invest Limited and promoted by Raiz Invest Australia Limited (ACN 604 402 815). A Product Disclosure Statement dated 23 April 2018 for this product is available on the Raiz Invest website and App. A person should read and consider the Product Disclosure Statement in deciding whether or not to acquire and continue to hold interests in the product. The risks of investing in this product are fully set out in the Product Disclosure Statement and include the risks that would ordinarily apply to investing.

The services referred to on this page are offered and provided by third parties. The Trustee is not responsible for the products or services, views or actions of these organisations. First State Super does not receive any payments or commissions from these third parties as a result of you using the products and services. You should ensure that you have read, and understand, the terms and conditions which apply to the provision of third party products or services. The Trustee does not accept liability for any loss or damage incurred by any person as a result of using third party products or services. We recommend you consult a licensed or authorised financial adviser if you require financial advice that takes into account your personal circumstances.