Blossom is free to join. We do not charge transfer or withdrawal fees nor any account opening fees when using the Blossom app.
At Blossom, we put the customer first. Up to the targeted return (whether it’s Blossom Save’s 5.95% p.a. or Blossom Plus’s 7.00% p.a.) is earned by the Blossom customers first. Then our total of up to 1.2% p.a. in management fees are paid out in the following waterfall-like structure:
BlossomApp makes money through a Threshold Management Fee. This means that when the Class in the Fund makes more than the target return and the management fees are paid, the excess will be paid to BlossomApp. This helps BlossomApp (in its discretion) pay into the Fund when the Class returns less than the target returns of the day. Importantly, the threshold management fee is paid out of the Blossom Fund, it is not paid directly by you.
For more information on fees and costs, please read the PDS.
We want to make saving simple, affordable and accessible for everyone. Blossom does not charge sign up fees, transfer or withdrawals fees. That means you will not be charged to move money in or out of your Blossom account.
Please note that while the Blossom Fund Constitution permits fees to be charged, these have been waived. For more information regarding Blossom’s fees, please read the PDS.
