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Are you more of a ‘saver’ or ‘investor?’ Comparing saver round up vs investor round ups products

   5 October 2017  Newbies Reviews  1


  • RAIZ (formerly Acorns AU)

  • ING round up savings


The difference between saving and investing

Saving means stashing away money today, for a rainy day sometime in the future. Intent is to avoid loss, and gain some interest to offset inflation decay of money. Low risk of downside. Low risk and easy to understand.

Investing means putting money into businesses and assets with the intention that a dividend is paid or capital gain, or both. Risk of downside, but also greater upside. Some risk involved and depends on the assets invested in. Can take some time to learn about.


ING round up saver

  • Round up between $1 and $5 each time you use your bank card.
  • Round ups directed to your high interest savings account.
  • Small enough round ups to not be noticed
  • Interest accrues daily.
  • Approx 3% interest pa can vary as interest rates go up or down.
  • Compare with CPI inflation of 1-2% pa, so real growth around 1-2%pa.


  • Safe as it gets. Retail banking customer bank deposits are guaranteed.
  • Savings are growing with compound interest. One of Einsteins unlimited forces in the universe.
  • Out of sight out of mind. Saving while not thinking about it.
  • Can access money in short time if you need it.
  • Whatever you put in, you can withdraw plus interest – no downside risks.


  • Low real return 1-2% after inflation.
  • You are only slightly ahead of the inflation decay of money.
  • Can access the money and spend it. Term deposits are not so easy to access and must be ended.
  • The hassle of creating a new bank account, getting a new bank card and changing habits.

Raiz(formerly Acorns)

  • Round ups of 0.01 to $1 depending on how much spent. Linked to bank cards.
  • Investment is made up of fractional portions of Exchanged Traded Funds (ETFs).
  • ETFs became very popular in 2016 and 2017 as a low cost and easy way to own small parts of many large listed company shares. An ETF is averaging out the market so highs are lower and lows are higher. Rather than stock picking a few (that might go down), ETFs rise over time as the market rises over time (10 years timeframe).
  • Small enough round ups subtracted daily, not too high to notice, unless you are spending a lot.
  • Investment returns of dividends and capital growth
  • Five adjustable investment portfolio from low risk to aggressive.


  • Dividend returns paid regularly. Some monthly, some quarterly, some twice yearly.
  • In 12 months of operation average investor made 10.1% returns (source: Acorns).
  • Mobile app has a graph showing dividend payments and capital growth (or decline).
  • Referral bonus.  Incentives for shopping with preferred affiliates.
  • Low account fees of $1.25 per month for balance under $5,000
  • Easy entry to learn about investing.
  • Doesn’t matter who you bank with, it can connect to your existing accounts. Don’t need to change habits.
  • Automated investing – taking the effort out of it.


  • Considering the account fee, your balance needs to be over $300 to comfortably break even.
  • Downside risks. With investing, the capital growth could go backwards, and dividends could decline or not be paid if business tanks. For example if an aggressive portfolio is heavy on ASX listed companies and the ASX200 index falls then your portfolio falls.
  • If the market is down and you need to withdraw then your portfolio could be less than what you put in. This limits when you might want to make a withdrawal.



It depends on your time frame and risk appetite.

  • If you are risk averse, your time frame is less than 2-5 years, and want to be able to access your money whenever you need it, then go with ING round up saver.
  • If you want higher returns to grow your investment portfolio,  a safe way to learn about investing, and have a longer timeframe, go with Acorns.
  • We have preferred Acorns.


-Casual Reviewer has both an Acorns account and a savings account with ING. No benefits were received from writing this review.


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