Keen to build your savings, and looking for the app with the simplest way to build the savings habit?
Jupiter began out of a conversation about why the interest rates paid on our cheque and savings account were so low (or zero!), and why we were being rewarded to spend our salary versus saving it to build wealth. We questioned whether there was a better way of accessing higher interest rates even with the small amounts of savings that most of us start with – and whether saving habits could be rewarded, alongside earning interest.
So pulling together the experience, knowledge and skills of an ex-banker, an ex-consultant and a team of fantastic developers, Jupiter was started to tackle the barriers to everyday South Africans building their savings. In this way, Jupiter aims to help all South Africans get access to the peace-of-mind and financial security which comes from having savings as a buffer against emergencies.
WHAT CAN YOU EXPECT FROM THE JUPITER APP?
1. Download and start your saving in 3 minutes (all on your app, with no paperwork)
2. No fees. Period.
3. SEE your savings grow each day on Jupiters MoneyWheel - a real-time representation of your savings growing with interest every day
4. All of your savings are invested within a day in the Allan Gray Money Market fund, a (very) low risk fund whose goal is to maintain the value of your savings, whilst generating returns which are higher than the average bank deposit.
5. Start earning inflation-beating interest rates on your savings as soon as you contribute
6. No minimum save amounts – start from just R1! So you can save whenever and however you feel like - once a month, or 10 times a day...its up to you
7. Youre able to withdraw some, or all of your cash to your bank account in a day - we dont lock your savings for months, 32 days or even 7 days!
And of course, industry leading security controls to ensure your savings are protected - we take security seriously, our savings are invested right alongside yours.
Jupiter only makes a profit when your money grows – so our interests are completely aligned, and we grow when you grow.