British retail lender TSB has forged a partnership with robo-advisor Wealthify to provide its customers with new ways to invest and save.
Following the agreement, TSB’s five million customers can now start investing with Wealthify investment platform.
Customers can use the TSB app or website and follow a link to begin investing with Wealthify.
From ‘cautious’ to ‘adventurous’, Wealthify offers five investment approaches to the investors using its platform, with investment options starting from £1.
The money is invested using funds – a collection of investment types like shares, bonds and property.
Wealthify currently has over 30,000 active customers.
Wealthify CEO Andy Russell said: “This partnership is about giving customers more options when it comes to their savings.
“At Wealthify, we are committed to ensuring anyone can build their future wealth through easy access to investing.
“We are extremely proud to work with TSB, and to offer their customers a simple-to-use investment solution which complements their existing service, and creates opportunities to grow their savings, without the cost or complexity that comes with traditional investing.”
The partnership with Wealthify adds to TSB’s digital services like its new Spend and Save account and the first-time buyer mortgage products.
TSB director of everyday banking products Pella Frost said: “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.”
Last month, TSB Bank expanded its partnership with Adobe to real-time banking experience to its customers.