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TSB partners Wealthify to offer customers robo-investments

TSB is to launch its first investment programme through a partnership with robo-advisor Wealthify.

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TSB partners Wealthify to offer customers robo-investments

Editorial

This content has been selected, created and edited by the Finextra editorial team based upon its relevance and interest to our community.

TSB's five million customers can follow a link within the TSB app or internet banking to start investing in a general account, investment ISA or Junior ISA via the robo-adviser.

They will have a choice of five investment approaches based on needs and risk, ranging from ‘cautious’ to ‘adventurous’

Users will also have the option to invest ethically, and can start from £1.

Revenue from a management fee of 0.60% will be split equally between Wealthify and TSB.

Pella Frost, director of everyday banking products at TSB, says: “Our partnership with Wealthify further strengthens our digital banking offer, offers more ways to make money work harder for our customers and will help build their money confidence.”

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