Booster has launched Booster Savvy, an innovative smart account and Mastercard debit card, which also earns a competitive interest rate.
Savvy is underpinned by an investment account but with a debit card and NZ bank account number, providing customers with access to their money to enable day-to-day payments and transactions, while still making a return on their balance.
With Savvy, account holders can also see exactly where their money’s going, track progress towards savings goals and stay on target with personalised insights.
Savvy is a managed fund, which means that the funds are held in Trust and overseen by a Supervisor, Public Trust. The objective of the Fund is to provide a modest return that is competitive relative to on-call transactional accounts while ensuring a stable capital value and ready access to funds. It achieves this by investing in the most secure investment classes, bank deposits and government and bank securities.
Providing a 5% return at launch, Booster is offering a more competitive return on every dollar, something different to what Kiwis have typically seen from standard on-call accounts.
“We saw a gap in the market to offer something that no one else is doing. While technology is creating so many new opportunities, the way we save and spend has stayed the same. With Savvy, we are bringing customers a new and powerful way to manage their money,” says Diana Papadopoulos, Chief Customer Officer at Booster.
Booster Savvy will be accepted in more than 210 countries and territories, with cardholders able to make purchases everywhere Mastercard Debit is accepted. Booster Savvy is also supported by a trusted financial services partner network, including Banzpay, Moneythor, Apple Pay, and Google Pay, ensuring that customers can feel safe and secure using Booster Savvy.
Savvy’s debit card and smart account is only available through the Booster website, at:
https://www.boostersavvy.co.nz/
Booster is a Wellington-based fund manager established in 1998, recognised for their emphasis on responsible investing. Their investment team are active managers who utilise a mixture of active and passive management strategies, that most New Zealanders should be comfortable with, centred around diversification and direct ownership of assets.
Booster is one of the six government-appointed default KiwiSaver scheme providers with almost $ 6 billion currently under management on behalf of over 190,000 investors across KiwiSaver, Superannuation and Investment Schemes.
Contact Invest link if you would like to discuss Booster’s KiwiSaver and investment offering with one of our financial advisers.