
Get exclusive money-saving offers and guides
Straight to your inbox
We’re reader-supported and may be paid when you visit links to partner sites. We don’t compare all products in the market, but we’re working on it!
You've heard that investment accounts can help to grow your wealth, but how do you choose the right one? There are many different ways to invest your money; financial institutions tailor different accounts to suit different people. Read about the different types of investment accounts, the benefits and the risks.
An investment account is a broad term applied to any kind of account that gives you a financial return. Investment accounts include: share trading accounts, self managed super fund accounts, term deposits, deeming accounts and retirement accounts.
It's important to note that various types of investment accounts present different risks and returns. Not all of them will be suitable for you, depending on your investment strategy.
Standard brokerage - US shares
Get $0 brokerage on US stocks with trades as little as $50 when you join the world's biggest social trading network.
Important: Share trading carries risk of capital loss.
Disclaimer: Trading CFDs and forex on leverage is high-risk and losses could exceed your deposits.
Important: Share trading can be financially risky and the value of your investment can go down as well as up. “Standard brokerage” fee is the cost to trade $1,000 or less of ASX-listed shares and ETFs without any qualifications or special eligibility. If ASX shares aren’t available, the fee shown is for US shares. Where both CHESS sponsored and custodian shares are offered, we display the cheapest option.
Investment account is an umbrella term which includes a number of different financial products. Common types of investment accounts are:
Consider these points when you compare investment accounts.
You can apply for an investment account if you’re over 18 and if you’re applying in your own name or in the name of a trust. Each type of investment account has it’s own application requirements. Before you can open an investment account, you may need to have an account with the financial institutions, like a transaction account and a credit card or a home loan for example. Some investment accounts have a minimum opening balance, you need to provide your address, your tax file number (you can supply this information after you apply) and information about any accounts you hold with the financial institution.
You can jointly open some investment accounts but it depends on the provider and type of account.
By holding a diverse spread of investments you’re reducing your risk. You can have multiple savings accounts, share trading accounts, term deposits from the same or different financial institution at a time.
SPONSORED: Read our simple guide to the key factors you need to take into account when choosing ETF investments.
Read more…The Kiwi-based app allows you to invest your pocket change into Australian, New Zealand and US stocks.
Read more…SPONSORED: Research tools can help investors of every level make more informed decisions.
Read more…Coinbase stock price jumped 60%, but hyper volatility keeps investors guessing — is it a buy?
Read more…Coinbase is set to be one of the most anticipated public listings of 2021, but this is no normal IPO. Here's what you need to know.
Read more…Your guide to special purpose acquisition companies, how they work and SPACs to watch in 2021.
Read more…Picture: Shutterstock
Build both your knowledge and Bitcoin wallet with this simple guide to trading.
Finder’s new report The State of Investing in 2021 takes a deep dive into Australia's investment outlook across four key areas – share trading, property, superannuation and micro-investing. Find out where Aussies are stockpiling their wealth.
Your in-depth review of the Bendigo Invest Direct share trading platform and what it offers for Aussie investors.
Robinhood is set to go public as soon as June. Here's what you need to do to buy in from Australia.
There are 24.4 million super accounts in Australia from a total of 84 funds, with MySuper assets equalling $812 billion. Find out more in our report.
Steps to owning and managing Roblox shares.
Everything we know about the Deliveroo IPO, plus information on how to buy in.
Australia has come a long way in pursuit of gender equality, but there is still work to do, a new report by financial comparison Finder reveals. Find out how women fare in relation to the gender pay gap, budgeting, investing, credit and more.