Nutmeg is a simple way to manage savings online and it’s aim is to help people make the most of their savings.
Based on information you provide they build and manage a portfolio for you. They aim to diversifying your investments to spread potential and maximise your return, Nutmeg have an experienced investment team who manage and monitor your portfolio for no extra cost.
There aim is to produce the best return, at low cost, for the risk level you choose.
The website has a great projection scale so you can see the percentage likelihood of getting a good return on you investment and what you might expect to make,
There is a minimum investment of £1,000 per fund you create. If you’re investing below £5,000 they also ask for a £50/month contribution. These represent the minimum amounts for which they are able to offer diversified portfolios. Money can be withdrawn at any time (which I think is very handy because life doesn’t always go to plan does it!)
You can see how they are doing in relation to competitors too and see their strong investment performance
It can help people make the most of their savings in a way traditional ISAs don’t necessarily. I like that it is so personally tailored and takes into account your end goals and levels of risk you wish to incur. Their portfolios range from cautious to aggressive.
Savings could be for pensions, university, wedding or a a big expense like a house deposit for your kids.
The nutmeg personal pensions scheme looks interesting and they also provide a stocks and shares ISA with the potential for greater returns than a cash ISA*
An interesting way to save.
*You do always have to remember, with investments, your capital is at risk.