'easyMoney' from easyJet Appeals to the Everyday Investor
Laura McQuarrie — March 6, 2018 — Tech
References: easymoney & news.finance
In the same way that easyJet aims to make travel accessible, 'easyMoney' recently launched in the UK as an all-new personal finance solution with a focus on making investments approachable to the average person. As easyMoney CEO Andrew de Candole puts it: "Like European air travel 23 years ago, the ISA market is crying out for someone to give everyday investors more for their money."
The financial service business is offering a tax-free, pension-eligible alternative to a cash ISA (individual savings account) with a targeted 4.05% annual interest rate.
easyMoney plus members have the option to take advantage of special discounts and rewards from big-name retailers across the UK, including up to 55% off at John Lewis, Marks & Spencer, Debenhams and more.
The financial service business is offering a tax-free, pension-eligible alternative to a cash ISA (individual savings account) with a targeted 4.05% annual interest rate.
easyMoney plus members have the option to take advantage of special discounts and rewards from big-name retailers across the UK, including up to 55% off at John Lewis, Marks & Spencer, Debenhams and more.
Trend Themes
1. Approachable Investment Options - There is a growing trend of providing new investment options that are easy to understand and accessible for the everyday person.
2. Personalized Finance Solutions - The trend of providing personalized finance solutions with an emphasis on transparency and ease-of-use is gaining popularity.
3. Integrated Retailer Rewards - The trend of integrating retailer rewards into investment platforms is growing in order to entice more users to invest their money.
Industry Implications
1. Financial Services - There is an opportunity for financial service companies to disrupt the market by providing investment options that are easy to understand and accessible to the average person.
2. Retail - Retailers have an opportunity to partner with investment platforms in order to offer unique rewards and discounts to users.
3. Technology - There is potential for technology companies to develop innovative investment platforms that incorporate personalized finance solutions and retailer rewards.
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