How do I open a Standard or Savings Account?

To open a new account, open the app,  tap the name of your existing account in the top left of the home screen, and then tap ‘Create new account’ to open a new account of your choice.  

Savings Accounts

For our savings accounts, the minimum opening balance is £500. After this, you can deposit anytime from £50. To transfer your savings from another provider, you must first withdraw all of your money and then deposit it with NuWealth.

Standard Investment Accounts

Commission-free trading in global shares and 30+ thematic funds, use Round Ups to invest your spare change and set up Auto Invest to make building your portfolio effortless.

  • Junior ISA (JISA): You can open a NuWealth Junior ISA for any child who is resident within the UK and under the age of 16. You must be over 18 and hold legal parental responsibility over the child in order to open an account for them. You can also transfer an existing JISA or Child Trust Fund. You can invest up to £9,000 tax-free for the 2024/25 tax year. Please note, funds in a JISA cannot be withdrawn until the child turns 18.
  • Stocks & Shares ISA: Open an ISA to invest up to £20,000 tax-free for the 2024/25 tax year. To transfer your current ISA to a NuWealth Stocks & Shares ISA, please email support@nuwealthapp.com and request an ISA transfer form. Transferring to a NuWealth ISA is free. However, please check if your current provider charges fees. 

Tax treatment depends on individual circumstance and may be subject to change.

Please note, there is a £1 per month subscription fee with our Standard invessment accounts. See more information on pricing. 

Remember, when investing, your capital is at risk.

Still have questions?

Contact support@wombatinvest.com and our dedicated Customer Support team will be more than happy to help.