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Chase customers to get 10% boost when investing with Nutmeg

Paloma Kubiak
Written By:
Paloma Kubiak

Chase customers who are new to investing with Nutmeg will be able to bag £100 when depositing £1,000 with the digital wealth manager before the end of the tax year.

It’s all part of Nutmeg products and services integrating with digital challenger Chase, following JP Morgan Chase’s acquisition of the robo-adviser in 2021.

Over the next few weeks, Chase and Nutmeg customers will be able to link their accounts and see their investments, current accounts and savings within the Chase app.

For those who have yet to open an account and invest with Nutmeg, they can gain a £100 boost when signing up via the Chase app and investing £1,000 with Nutmeg before 5 April 2023. This can be in a Nutmeg ISA, Lifetime ISA, Junior ISA, general investment account or pension.

To do this, customers need to:

  1. Log in to the Chase app and go to the ‘Save & Invest’ tab, then scroll down to ‘Investments’ and tap ‘Take a look’
  2. Choose ‘I’m new to Nutmeg’ and follow the on-screen steps to ‘Get started’
  3. Confirm or edit their details, before reading and accepting the T&Cs
  4. Install or open the Nutmeg app, create an account and contribute at least £1,000.

The money needs to remain invested until 30 June 2023.

The firms said “bringing Chase and Nutmeg together in one place gives customers greater control, transparency and oversight of their finances, while also providing Chase’s one million banking customers with easy access to award-winning investment products and financial planning services.”

Nutmeg won the Best Investment Platform for User Experience at the YourMoney.com Investment Awards 2023.

Sanjiv Somani, UK CEO of Chase and Nutmeg, said: “We set out to offer customers a more rewarding banking experience, with good value products and services that meet their needs. We know investing is of interest to many Chase customers and Nutmeg has spent a decade democratising wealth management and making investing more accessible to more people.

“Providing our customers with a single view of their wealth – be it their everyday spending, cash savings or their long-term investments – helps them to better understand their own financial position at a time when it has arguably never been more critical.”