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Why we’re offering you a 2% bonus on your cash

13 September 2021 | Posted by Alex Ford
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Welcome to Claro! If you haven’t heard of us, we’re a digital financial coach empowering you to achieve your goals with the help of real humans. And we’re so excited to be launching our 2% bonus campaign this week.

Why are we doing this?

Well, at Claro our mission is to help you grow your money. Regardless of how much you have at the moment, we can help you start from scratch or build on your existing pool of cash. 

Experts recommend that everyone has an emergency fund of 3 months’ expenses, which for the average person is about £3,000. But we know how hard it can be to save, especially with savings rates being at historic lows. 

That’s why we’re offering a 2% cash bonus – the leading return on the market* – to give your cash a much-needed boost. If you’ve already got your emergency fund covered, great! Consider this bonus an added extra.

For more info, read our full T&Cs.

How does the 2% bonus work?

We’re offering you a 2% bonus on cash pots over £100, up to a maximum of £3000. 

The bonus will be calculated daily and paid quarterly, so keep an eye on your bonus pot to see when it comes in. 

If that’s not motivation to start stacking your money, we don’t know what is.

Build your emergency fund with us 

Experts recommend that everyone has an emergency fund of 3 months’ expenses, which for the average person is £3000. This cash should be kept somewhere easily accessible so you can grab it when you need it. 

But we know how hard it can be to save, especially with savings rates being at historic lows. The highest rate for an easy-access savings account is currently just 0.6% (as of September 2021). 

That’s why we’re offering a 2% cash bonus, the best return on the market*, to give your cash a well-needed boost.

We want to help people save for an emergency fund. Everyone should have an emergency fund they can dip into if they need to, but lots of people either don’t get round to it or aren’t in a position to save this much money.

And with interest rates on savings accounts at an all time low, it’s even harder to grow your hard earned cash. Given the highest easy access savings rate is ​​0.6% (as of September 2nd 2021), with Claro you’ll be getting a whole lot more than you would from any of the high street banks.

How can we afford to offer a 2% bonus?

But wait, how does a brand-new business like Claro have the budget to offer the market’s best interest rate? We thought you might ask that. We’ve simply taken the money we’d usually spend on marketing and advertising and passed it on to you instead. 

We decided that we’d rather reward our early users for reaching their financial goals than give our budget to Facebook and Google (who probably don’t need much help in the way of pocket money).

Unlock your 2% bonus

If you want to take advantage of the best return on the market*, all you need to do to unlock this bonus is download the Claro app, create an account and start saving towards your goals! 

Or, find out more on our cash bonus page

If you decide to invest, remember your capital is at risk.

*As compared with easy-access saving accounts and high-interest current accounts. The last comparison was done on 02/09/21. We regularly review and update this but please note that Claro is not a comparison site.


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