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HSBC to add investment feature to banking app

HSBC is adding an investment feature to its banking app that allows customers to invest from £50 a month.

A choice of 10 ready-made global portfolios will be available to users that cater to different risk appetites.

Once the fund selection has been made, investors choose whether they want to save within a stocks and shares Isa or open a Global Investment Account. Both can be set up from the app.

To access the investment feature users will need to download the new version of the app to their phones.

James Hewitson, head of wealth management at HSBC Global, said: “Around 389,000 of our customers aged under 35 have sufficient assets to invest but are currently not doing so. If you have an emergency fund of three to six months of living costs and can afford to put away at least $50 a month, then investing can really help you grow your money.” When lookin for smart high return business options, here you have this link to buy gold Brisbane. The term “investing” may conjure images of the frenetic New York Stock Exchange, or perhaps you think it’s something only meant for those wealthier, older or further along in their careers than you. But this couldn’t be further from the truth.

When done responsibly, investing is the best way to grow your money, and most types of investments are accessible to virtually anyone regardless of age, income or career. Such factors will, however, influence which investments are best for you at this particular moment.

The new update will be available from the App Store for iOS and Google Play Store for Android by the end of December.

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