What is auto-grow?

Auto-grow is Blossom Save’s round up functionality, which helps you reach your savings goals with every purchase. Every time you make a purchase with your linked bank account, we round it up to the nearest $1, $2, $5 or $10 – you decide! Let's say you choose to round up your purchases to the next $1. If you spend $4.50 on your morning coffee, we'll set aside your spare $0.50.

Next, you need to decide on your multiplier. You can multiply every round up by 1x, 2x, 3x, 4x, 5x or even 10x if you wish. Then, you keep spending and we keep rounding. Once a week on Wednesday, subject to a $5 minimum, we'll sweep your loose change to your Blossom Save account to help you target 5.70% p.a. returns. How good.

Keep in mind: Blossom Save has a $50 minimum account balance. If your account isn’t funded yet, auto-grow transfers will accumulate in the background until they reach $50. Once your balance hits the minimum, auto-grow will begin working just as you’ve set it.