Passive Income just got bigger and better

From 18 May, Passive Income mode is available for both your SmartSaver Main Account and all Vaults with a term of 12 months or more. Your earnings from both are combined into a single payment, sent to your bank account on the 1st of each month.

The best part

Locking money away in a Vault has always meant better returns. The trade-off was waiting until the end of your term to see them. That changes now. With Passive Income enabled, you get the growth potential of a locked Vault and the satisfaction of seeing your returns land in your account every single month.

What’s different?

Previously, Passive Income mode was available for your Main Account and 24-month Vaults only. It now covers all Vault terms of 12 months or more. If you are already using Passive Income, your settings stay the same. You will simply start seeing Vault earnings included in your monthly payment once you enable monthly payouts on your Vault.

You asked, we listened

This one came straight from our community. More flexibility, more visibility over your returns, without the added complexity. That is what SmartSaver is about. Your money, growing on your terms, in a way that is easy to understand and easy to manage.

How to set it up

It takes two steps. Enable Passive Income mode in your account settings, then turn on monthly payouts on your Vault.

Once both are active, your Vault earnings will be included in your monthly Passive Income payment alongside your Main Account interest, paid on the 1st of every month.

*The information presented in this blog post is valid as of the time it is published. The content is intended to provide information only and is not meant and should not be considered as financial or investment advice of any kind.