Rize, a donation-based microsavings service, wants to give you $5 for signing up. The company has been around since April of 2017 and is quickly gaining popularity because it’s one of the few microsavings services that actually pays interest on your savings. Do you know what the interest rate is on your current savings account? Probably close to zero. Rize will pay you 1.16%.
For more information, Investor Junkie reviewed Rize. When you open an account and transfer funds, you are prompted to set up savings goals. It could be a “down payment” goal or a “trip to Italy” goal. Whatever they are, you tell Rize how much you want to save towards each goal and they will automatically transfer the funds from your bank account to your Rize account on the days you indicate.
Get $5 Sign-up Bonus from Rize
Investor Junkie readers can earn a quick $5 for trying out Rize today. The service is a win-win-win:
- Donation-based fees
- 1.16% interest on funds deposited
- $5 for nothing!