Get Cash Back with a Chime Investment

• The retirement planning tool allows you to build a diversified portfolio based on your age, risk tolerance, and long-term goals; you can also calculate your required retirement savings and see how much compound interest can grow your investments.
• Chime is an online investment platform that offers a wide array of mutual funds, ETFs, and investments, as well as retirement planning tools. The Chime Investment platform offers a wide array of mutual funds, ETFs, and investments, as well as retirement planning tools.

Chime Investments is a subsidiary of BBVA Compass Bank, and offers a range of IRA and mutual funds.
The Chime Investment platform offers a wide array of mutual funds, ETFs, and investments, as well as retirement planning tools.

What Is Chime Investment?

Chime Investment is a robo-advisor that offers average investors access to low-cost exchange-traded funds (ETFs).
The robo-advisor offers exchange-traded funds for no commissions and a 0.25% annual fee. Customers get access to professional financial advice, as well as free, 24/7 customer support.
You can sign up for Chime Investment by visiting its website and clicking the "Start Investing" button.

Understanding Chime Investment

Chime Investment is a subsidiary of Chime Bank, a banking institution which offers a variety of financial products including checking and savings accounts, lending products, and money transfers.
Chime, which was founded in 2015, was one of the first digital banks to be authorized by the Federal Deposit Insurance Corporation (FDIC). It offers many of the same services as traditional banks, but at a significantly lower price.

Chime Investment Fees

For an investment account, 0.05% of the average monthly balance.
For a savings account, 0.05% of the average collected balance each month.
For a loan account, 10.75% for variable rate loans and 8.5% for fixed rate loans, with a minimum fee of $2.

Chime Investment Pros

Chime offers robo-advisory services for individual investors. It aggregates more than 15,000 mutual funds, ETFs, stocks, and bonds from over 100 major asset managers.
Chime handles all the heavy lifting for its customers. It automatically rebalances portfolios, rebalances tax lots, and implements tax-loss harvesting.
Chime is commission-free, and it offers a low minimum account opening deposit of $5. Accounts are FDIC insured, and customers can access their accounts from most web browsers and mobile apps.
Chime Investment Cons
Before investing through Chime, customers should take note of the following cons:

Chime Investment Cons

While automatic investing may be convenient, it's important to do your homework before committing to any service. Chime Investment charges a $5 monthly fee and 0.40% in annual investing fees. These fees aren't outrageous, but they can be higher depending on the funds you choose.