Positive
Reviews above 3.0 stars
Negative
Reviews below 3.0 stars
Average
Average of all reviews
Reviews
Total number of reviews
Reviewer opinions
Overview
Raiz Invest is a micro-investing tool that allows you to invest your spare change from everyday purchases into a professionally managed portfolio that matches you. To set aside more, you can set recurring daily, weekly, monthly investment amounts or deposit lump sums into your account. Raiz constructs and optimises 6 diversified portfolios for you to choose from. Raiz is a small way to make significant leaps towards securing your financial future.
Reviews
4.8
out of 5 starsAngus
36-45 years old"Really intuitive interface, easy to set up and get started. Easy way to force you to save. Love the app. Would recommend to anybody who can't help but spend there spare cents!"
01 October 2018Oscar
Under 25 years old"Raiz is a great tool which helped me save money in the background without even realising it was happening. It takes small amounts frequently to build up my investment over time. And the returns were surprisingly good for what I expected from an investment app."
23 October 2018Maxime
25-35 years old"I applaud the support team at Raiz (previously Acorns). They are very professional and really nice to talk to. I was initially concerned about providing bank details, but it's secure and it's worked for me."
23 October 2018Jennifer
56-65 years old"This is a brilliant app and helps my habit of saving by keeping track of your expenses. It’s great exposure to the share market as well. Fees are good value too, less than a coffee a month. :)"
23 October 2018Lawrence
25-35 years old"Raiz is a great way to get started into the share market. My biggest issue before finding out about Raiz was being told by financial advisers that you need huge minimums to get started with a diversified portfolio. I couldn't believe there was a product - let alone an app that lets you invest starting with $5 into different types of assets like cash, bonds, domestic and international shares! Learning so much and definitely recommend for anyone who has trouble saving or wants to get started."
23 October 2018Hussain
66-75 years old"Raiz is quite easy to use, intuitive and straightforward. Those small amounts really do add it app and it can come quite in handy for holidays and is my back up savings account for a rainy day. The customer support and email response times are good. They got back to me within a day when I emailed them. Keep up the good work guys! "
23 October 2018Livia
36-45 years old"the app is so easy to use, it helped me save for my family end of year bali trip. when i needed to withdraw my funds asap, the customer support team were swift to reply which made my experience so much better"
23 October 2018Luke
25-35 years old"I have never been the best with saving so using Raiz has been a great way for me to feel less stressed about not having a back up fund. I recently used the money I saved from Raiz to pay for my Car rego, which is money I wouldn't have saved up if it wasn't for Raiz and I didn't notice the round-ups affecting my normal spending. All the small change does seem to really add up for when you need it."
23 October 2018Jono
Under 25 years old"Raiz is a good app- especially its raiz rewards feature that gives me cash backs when i shop at ebay ((i shop there a lot). great incentive"
23 October 2018Josh
25-35 years old"I was unsure at first but this app is great and fully trustworthy. With a busy job and family – it has made a huge difference in helping me save more."
23 October 2018May
36-45 years old"This app won’t make you rich, but it will definitely assist those who aren’t good at saving to start saving. Give it six months, see your money grow, read the investment emails and get an idea of how markets work. Great idea for someone like me who is terrible at saving and wants to learn a little about investing too."
23 October 2018Danielle
Under 25 years old"This app really helps me save. I have saved over $1,000 without even trying using the round-up feature. It's good if you just want to save extra cash and get some good deals if you shop online through the app. "
23 October 2018Chloe
25-35 years old"I honestly struggled to save so much before getting this app, I'm very surprised at how much I have managed to save since getting this app, also it really helps you become interested in the financial market in a way that's easy to understand. Also like using the Raiz Rewards so brands give me money that is invested to grow my savings more."
23 October 2018Stephen
36-45 years old"Great app, you won't see returns until your over $200 at a minimum but once you get going it will give you better returns than any savings account or term deposit. Automatic roundups are fantastic and coupled with recurring deposits I am now saving when in the past I never could."
23 October 2018Alvin
25-35 years old"The Raiz platform is easy to use and educational. Prior to using the app, I had very limited knowledge on investments but as time goes on using the app, it helped me understand a little bit more about investments in general. Additionally, the app has helped me saved a lot since the time I stated using it and helped me budget my spending/expenses a lot easier."
23 October 2018Thomas
36-45 years old"I have been using Raiz for two years now and love the ease of investing and learning. Raiz keeps adding products and developing the app which is great and Raiz Rewards is awesome and the savings I make on my purshases are more then enough to cover the monthly fee - Keep going Raiz !"
24 October 2018Claudia
Under 25 years old"BEST APP EVA!!! Helped me save for this Bali trip at the end of the year without even having to 'budget'. Also helps with making sure I don't spend my whole paycheck on vodka sodas at the Sheaf. WIN WIN if you ask me. Highly recommend "
24 October 2018Chris
36-45 years old"I love using Raiz it is really so easy! As a working mum with kids you don’t seem to have enough hours in the day so with Raiz you just sit back and they do all the work. I'm very surprised at how much I have managed to save since getting this app, putting in a little money every week really makes a difference and I have surpassed my first savings goal. All the features make it a great investment tool - Raiz Rewards is excellent as well. "
27 October 2018John
36-45 years old"Raiz was really easy to install and use. The magic simply happens in the background so little interaction required. I would definitely recommend to others"
28 October 2018Dean
25-35 years old"I love Raiz, every time I go on holidays I use my Raiz saving as a bonus "
30 October 2018Zoe
36-45 years old"The App is really user friendly and easy to use. It lets you choose between the different types of portfolios and Raiz Super actually makes Super fun! Its true! I was able to track down my existing 4 Super funds and consolidate them within the App. It lets you see the breakdown on whats being invested and the returns. I would definitely recommend this 100%. "
31 October 2018Colleen
46-55 years old""Raiz is relatively easy to use. There is a customer support option if you need it. Im comfortable with Raiz's app but I am also still learning about it. I have definitely recommended it to friends.""
29 October 2021Screenshots
Article coverage:
Key information
- Category
- General Information
- Budgeting
- Managing Cashflow
- Saving
- Investing
- Superannuation
- Life Insurance
- Life stage
- Starting Out
- Mid-Career
- Established
- Retiring
- Winding Down
- Financial plan produced?
- No
- Fee structure
- Subscription
- Fees Based On Value of Assets
- Is there a free trial?
- No
- Customer support
- Phone
- FAQ
- Date founded
- 2015
- Company website
- Visit site
Start using Raiz