Do you ever look at your bank account and wonder what the excess Rands and cents are even good for? If they could ever be useful? We know you’d love to make the most of these leftovers in your account, but you just don’t know how to. Right? Don’t worry, you’re not alone! Most South Africans wonder about this, us included. Luckily, there’s a new kid on the block in the form of the Stash Investment App by Liberty. Trust us, you’re going to want to hear this.
What Is Stash?
According to Liberty, “Stash is an investment that helps you invest in your future, tax-free, by saving small amounts of money every day via an app.” Does anybody want some of that? Yes, please. Essentially, Stash is the solution to our problem of useless leftover Rands and cents! With the Stash app, you can put away your ‘loose change’, from as little as R5 per day, and turn your throwaway coins into a thriving investment. You also have the option to invest your money into a South African Top 40 Shares portfolio, or Stash’s very own Cash+ portfolio where your money grows a little every day with a 3.5% effective annual growth rate. Choose one, or choose both, it’s up to you.
How To Use Stash
Stash is available on the App Store and Google Play, and all you need to do to get started is download the app, enter your details like your name and number, and take a picture of the card you’d like to use for your Stash contributions (make sure that this card can do online transactions), then you select how much you’d like to Stash each day. It’s that simple!
The Benefits of Stash
If you’re wondering how this can get any better, keep reading. The Stash app comes loaded with a bunch of amazing benefits and helpful tools to help you save money and live healthier. Let’s go through some, together.
- It’s free: Yes, you read that correctly. There are no fees or forms, and the best part is that Stash is also tax-free! Oh, and did we mention it only takes 90 seconds to open an investment account with Stash?
- Save money with the tap of a button: If you end up spending less than you intended at dinner, or a friend covers the parking fee at the mall, you can stash that extra money immediately with a simple tap on the Stash app.
- Get healthy while you save money: Connect your Stash app to a fitness app and it will contribute 5c for every 100 metres you walk, 100 steps you take, 20 calories you burn, and 20 seconds of activity you do. Now that’s cool!
- Seamless cash out: Your investment is available to you at all times through the Stash app, and should you wish to cash out your money, the transaction should come to you within 7 days. Plus, there are no fees or charges or penalties for cashing out!
While there are plenty more benefits to Stash, we’ll leave some of the mystery for you to find out on your own when you download the app. Start investing in your future today with the Stash app, you just might make tomorrow a little bit easier.