Stash Invest — see our review — is an automated investment service. Similar to Betterment or more closely related to Acorns, Stash Invest will take small amounts and invest into the stock market. You are given a choice of about 30 investment options to choose from.
If you are just starting out, Stash Invest is a great way to start investing for long-term growth. They charge a subscription fee of $1 per month ($12 per year) on account balances up to $4,999. Once your account reaches $5,000 the annual fee becomes 0.25% of your balance. Electronic statements and trade confirmations are free, but they will charge $2 for paper confirmations and $5 for paper statements.
In order to qualify for this promotion you must:
- Download the Stash App by using the orange “Get My $5” button on their site
- Set up your Stash account
No other steps! Within two business days Stash Invest will put $5 into your account. Stash has apps for Android and Apple iOS devices. Currently, you cannot access your account via their website. Though for Millennials, whom the service is targeting, this shouldn’t be an issue, as many in this age group use a mobile device as their only device.
The promotion is available only for new Stash individual investors aged 18 years or older who meet eligibility and suitability requirements. This offer is valid for only one new individual account with Stash Invest per person.
Stash Invest requires a $5 minimum deposit, but with the $5 cash offer you are in effect doubling your money.