Easily set up a system that makes saving money easier along with some perks and cash back. Free stock trading and automated savings using M1 Fintech savings & trading app
Investing with M1
There are several options for consumers looking to invest and save money. To help you consider what is best for you, lets start break it down and then decide.
M1 finance is a one stop strategic investment, borrow and expenditure finance company that aims to make managing all your finances in one place as easy as possible.
What does M1 Finance offer?
M1 Finances improves money management for
- checking account with the option to access your paycheck 2 days earlier
- credit card with a generous 10% cash back
- borrow at a super low rate
- invest with reasonable fees
- automated savings
- Smart transfers
Earn it and put it away for retirement with Automatic savings by using what M1 calls Smart Transfers.
Smart Transfers is a way to set up a savings and finance structure that automatically manages spending, investments as well as outstanding loans.
Think of it as a financial app that figures out the rebalancing and investment strategies that best apply to your account after choosing what your financing goal is. A win-win to have more time for you and less time figuring out money management and all the banking krakens.
Additionally, for people interested in loans, M1 perks include loan interest rate reductions, and 1% APY checking. Higher than what you get at traditional banks.
Another perk as well as up to 10% cash back through the M1 credit card.
M1Reviews:
The M1 finance app has amazing reviews, and high star rating from over 11,000+ users in Google PlayStore, with most of them commenting that the features of M1 finance app – as well as making a profit – are pretty easy to grow and the app is user friendly. The negative reviews generally relate to the amount of time account changes such as transfers or updating information take.
Transferring into M1 Finance
In my opinion, M1 Finance is a fantastic fintech that’s great for people who want to start investing in the stock market but are clueless. To get started with trading and investing, open an M1 account
For those who already have an investment account but are looking to take advantage of M1 lower fee structures and benefits, simply open an M1 account and then upload a copy of the recent account statement from your brokerage through the M1 secured portal. Then submit a transfer request from the brokerage account you’re transferring from.
M1 10% cash back
Owner’s Rewards Card by M1 has a generous 10% cash back. If not the highest, one of the top cash back credit cards today. For new credit card holders M1 is running a $300 bonus when $4,000 is spent on their new credit card in the first 90 days after activating.
That’s sounds quite hefty, but I suggest you round up what your bills are and see if you meet the threshold and get an easy $300. You might be surprised.
Easily set up a system that rebalances your money for what’s best for you. Plus sign up bonuses, additional perks and10% cash back credit card.
Hope this helps improve your savings, TaLis
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