Blossom is where your savings go to grow. We don’t think you should have to choose between targeting higher returns and quick & easy access to your savings, so we’re bringing it all to you in aneasy-to-use app! Blossom is a managed fund which gives access to returns from fixed income investments. With Blossom, you can choose the way you want to save by targeting 5.95% p.a. or 7.00% p.a. returns.
Blossom is changing finance, for good. Before Blossom, fixed income investments were difficult for retail investor access directly, complicated and costly to enter - our goal is to make saving and investing accessible for all. You can get started with as little as $5! We’ve spent a lot of time building Blossom the right way, making sure your experience is simple, seamless and stress-free.
It’s easy to get started:
1. Sign up in minutes – through the iOS or Android app or get started on the web.
2. Fund your account – you can automate your top-ups!
3. See your savings Blossom every day – enjoy targeted returns posted daily.
You can add your TFN in the ‘Personal Info’ tab in the ‘Settings’ section of the web, iOS or Android app. For more information on tax or your TFN, see the ‘Taxes’ section below.
You will need to provide us with some basic personal information and proof of identification (passport or driver’s licence).
You have to be 18 years or older to open a Blossom account.
Blossom complies with the Privacy Act 1998 and takes great care in dealing with the personal information of our customers. You can read more about our Privacy Policy here.
In order to confirm you are who you say you are, we may require additional ID verification, such as your passport or driver’s licence.
As is compulsory for any financial institution, Blossom needs to satisfy its obligations under the Anti-Money Laundering and Counter-Terrorism Financing Act 2006 (AML/CTF Act 2006). This requires Blossom to verify specific information provided to us about a customer’s identity. This includes first and last names, home addresses, date of birth, country of birth and more.
Your account will be rejected if you’re a:
If you’re a resident for tax purposes of a country other than Australia, we will let you know as soon as you can create an account with Blossom.
If your account has been rejected and you’re not sure why, please send us an email to blossom@blossomapp.com and we will be able to help.
We recommend two main ways to ensure your Blossom account stays protected:
Yes, we take safety seriously and, as AFSL (Australian Financial Services Licence) holders, we are required to adhere to the NIST cyber security framework. This is the global standard in cyber security to protect you from criminal activity. We regularly update ASIC with our compliance to this standard.
We have strict account protection policies, for example, ID verification, forced log-outs and multi-factor authentication to help ensure only you can access your account.
Your data is encrypted and stored offsite to protect you from criminal activity. We will never share, sell or rent your personal information.
As for the investments themselves, these are held by the Fund’s licensed Custodian, JP Morgan Securities LLC, a global leading custodian.
We need your BSB and Account number so that when you make a withdrawal request, we know where to send your savings to.
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.
Yes, there is a minimum application amount of $5. We want to make saving accessible to everyone!
If you want to change your bank account details contact us anytime at blossom@blossomapp.com and we’ll help you kick off the process.
It will generally take 2-3 business days for funds transferred via direct debit to reach your Blossom account. These funds will appear as “pending” in your account until they arrive and cannot be dishonoured or clawed back. Funds transferred via PayID will arrive instantly.
The maximum amount you will be able to transfer via PayID will be dependent on your bank’s ‘Pay Anyone’ limit. The maximum investment amount per customer is $10,000,000.
Your direct debit request may have failed because of one of the reasons below:
Once you have checked your bank details are correct and there are sufficient funds in your account, you can go to the Blossom web, iOS or Android app to make a new direct debit request.
No, funds must be sent from a bank account in your name only.
You can fund your Blossom account through PayID or Direct Debit. Go to Transfers > Add Funds in your Blossom app or on the web. With PayID, your funds will reach your account instantly. Please note, you will have a different PayID for Blossom Save and Blossom Plus - make sure you copy the correct one for your transfer.
The maximum investment amount per customer is $10,000,000.00.
For a PayID transfer, we’ll give you a unique PayID email address. You can use this to transfer funds yourself through your online banking or mobile banking app. With PayID, your funds will reach your account instantly (subject to banking and payment systems).
To transfer using PayID, follow the steps below:
Please note, you will have a different PayID for Blossom Save and Blossom Plus - make sure you copy the correct one for your transfer.
For a Direct Debit transfer, simply provide us with your bank account information and we’ll instruct our bank to debit the agreed amount from your account directly.
To transfer using Direct Debit, follow the steps below:
Once you have linked your bank account, you can set up a once off payment or set up automatic recurring payments so your funds are transferred automatically every day, week, fortnight or month. You can also use auto-grow to round up your spare change.
* Note: Your banking information is used for the purposes of account verification only. Your data is encrypted and stored offsite. We will never share, sell or rent your personal information. Ever.
Yes, BlossomApp Pty Limited ABN 74 644 216 151 is a Corporate Authorised Representative (CAR No 1284228) of Gleneagle Asset Management Limited (ABN 29 103 162 278 AFSL 226199, who is the Responsible Entity of the Fund.
Blossom’s mission is to leave your savings and the environment much better than we found them. Not only is Blossom good for your savings, it’s good for your conscience. No coal, no oil, no dirty investments. At Blossom, we believe your money can do good as it grows. Learn more about our ESG expert, Dr Kylie, and how she keeps our investment team accountable here.
A product disclosure statement (PDS) is an important document that contains information about Blossom including the product’s key features and benefits, significant risks, and the complaints handling procedure (among other things).
You should read the PDS in full before deciding to open a Blossom account and start saving (in legal terms, paying to acquire interests in the Fund, hold your savings in your Account and whether to withdraw). Applications may only be made pursuant to the PDS. You can also find our PDS on our web, iOS or Android app.
You will receive a copy of the PDS (or get access to it) when you sign-up with Blossom. Later versions will be provided to you as well.
Fortlake Asset Management Limited ABN 30 643 640 939 is the liquidity manager, under the leadership of Dr Christian Baylis. Christian is a highly regarded Australian-based manager with broad experience across global fixed income and derivatives strategies, having worked previously at UBS Asset Management and the Reserve Bank of Australia (RBA). Christian has over 19 years’ experience in fixed income and holds a PhD in Econometrics.
Blossom is the Threshold Manager. For more information on the key service providers, please read the PDS.
Ernst & Young ABN 75 288 172 749 has been appointed by the Responsible Entity as the external auditor for the Blossom Fund.
The Blossom Fund’s bond portfolio is held by J.P. Morgan Securities LLC ABN 37 109 293 610 as custodian appointed by the Fund’s Responsible Entity. A custodian, appointed by the Responsible Entity, is responsible for holding and safeguarding investments owned on behalf of a fund.
No, fixed income is different from investing in the stock market or Exchange Traded Funds (ETFs).
It is broadly understood that fixed income carries lower risks than stocks or ETFs, are less volatile and offer more stable returns. This is because macroeconomic risks, like economic downturns and geopolitical events, have larger impacts on the stock market than on fixed income investments. This makes fixed income investing appeal to investors with a lower tolerance for risk.
Also, investing in the stock market is subject to the benefits and drawbacks of exchanges, such as regulatory controls, prices charged, exchange protections for certain misconduct by brokers, exchange technology, issuer disclosures and liquidity opportunities and rules.
We will use our Threshold Management and Underwriting Agreement to help fund potential interim shortfalls of the Class of the Fund below its targeted return. Please note, the return is targeted and not guaranteed. Past performance and short-term performance of the Fund are no assurances of future performance of the Fund. For more information, please read the PDS in full.
The underlying investments of the Blossom Fund will be selected for being investment grade.
Ratings agencies such as Standard and Poors (S&P) and Moodys assess a bond’s likelihood to repay principal and interest and express this through a credit rating. Using the S&P rating scale as an example, a bond rated at the highest level of AAA is deemed to be highly likely to repay principal and interest in a timely manner and highly unlikely to default. Bonds rated BBB- and above are all considered investment grade, while bonds rated below BBB- are regarded as speculative.
The Blossom portfolio will maintain an average credit rating of investment grade and we note that there has never been a default of an Australian investment grade bond.
Blossom has a Threshold Management and Underwriting Agreement in place which makes us confident in our ability to continue to target fixed returns.
The Threshold Management and Underwriting Agreement states that when the Blossom Fund (on a Class by Class basis) outperforms the targeted return on an interim basis, the excess, after interim external fees are paid, will be paid to BlossomApp Pty Limited to help it (in its discretion) pay the Fund to fund any shortfall if the Class in the Blossom Fund returns less than the targeted return. Blossom can also use the Fund’s underwriter to help fund shortfalls (subject to limits, see the PDSs).
This is our secret sauce! It’s our clever strategy to ensure we can continue to target a fixed return. For more information, please read the PDSs.
The Blossom Fund, like any fixed income fund, carries risk. Blossom targets a fixed return but does not guarantee the return.
We have 5 main reasons why we are confident about our targeted returns:
Past performance is not indicative of future performance. For more information about our strategy and significant risks, please read our PDSs, TMDs and FAQs here.
Your account gives a simple, transparent way to show the value of your savings in your account before you withdraw. Any increases are shown as earnings. Savings (total value) and earnings (increases) are shown every business day based on unit prices for applications and redemptions. If you withdraw at any time, your income entitlements depend on legal requirements and operations for redemption processes so could be different from reported indicative savings but in the ordinary course they will be the same. Please see the PDS for further information on income, distributions, withdrawals, entitlements and displayed savings and earnings.
Led by an expert team, Blossom uses a diversified and sophisticated strategy including (direct and indirect) investments in corporate and government bonds, mortgage-backed securities, cash and more. Through targeting investment grade and highly liquid instruments, experts decide where and how to spread the risk to achieve the highest possible return within the investment strategy. For more information on our targeted returns and strategy, please read the PDSs.
No, Blossom is providing you access to fixed income investment returns through the Blossom Fund. For more information on fixed income, keep reading the FAQs below or read the PDS.
Yes, Blossom provides an app that gives access to passive investing opportunities starting with the Blossom Fund. The Blossom Fund is a fixed income fund with a portfolio of cash, semi-government and government bonds, mortgage-backed securities and more. We believe it’s a healthier and fairer way to save.
It can be difficult to access fixed income investments on your own because:
Our goal is to make savings and investing accessible for all. That’s why we’re bringing you access to returns from fixed income investments, a healthier way to save.
Blossom Save gives you freedom and flexibility whilst you save:
Blossom Plus helps you reach towards your longer-term goals faster:
See Blossom Save and Blossom Plus sections in our FAQs for more details.
Blossom works by allowing you to transfer money to pay for units in the Blossom Fund, which is a diversified portfolio of financial assets. The Blossom Fund is a unit trust, registered under the Corporations Act as a managed investment scheme. As a saver with Blossom, you won’t be holding individual assets but will be holding units in the Fund.
Fixed income investing is an investment approach focused on preserving your capital. Common examples of fixed income products include government or corporate bonds, which can provide steady streams of income. The Blossom Fund invests (directly or indirectly) in a well-diversified portfolio of assets of this type. For more information on the portfolio, please read the PDS.
For Blossom Save, the Blossom Fund Manager actively manages a diversified portfolio primarily consisting of high-quality corporate securities and focuses on delivering consistent income and inflation protection over time.
Blossom Plus has been created to help your funds work even harder. As Blossom Plus withdrawals are processed on a quarterly basis as opposed to daily, Blossom’s Fund manager has more flexibility with regard to the investment strategies that can be used to boost the targeted return. The differences may include elements such as duration, complexity and appropriate increases in risk adjusted returns.
Generally speaking, targeting a higher return for Blossom Plus can involve taking on relatively more risk. However, the Blossom Fund manager actively manages a diversified portfolio to adjust for this risk. Diversification is key to managing this increased risk, as it involves spreading investments across various assets, sectors and regions.
As Blossom Plus withdrawals are processed on a quarterly basis as opposed to business daily, Blossom Fund’s manager has more flexibility to pursue diversified strategies aimed at boosting targeted returns. The goal remains to optimise returns while effectively managing risk, ensuring investors receive a stable and rewarding investment experience.
Yes, you can get started with a minimum of $5. We want to make saving accessible for everyone!
Blossom Save gives you freedom and flexibility, whilst targeting 5.95% p.a. returns on your savings. Earnings are posted and compounded daily! Start investing with just $5 and enjoy no account, sign-up, transfer or withdrawal fees.
Enjoy freedom, flexibility and feeling good about 5.95% p.a. in targeted returns. Choose Blossom Save if:
You can make a withdrawal request at any time through your account on the web, iOS or Android app. It can be all or part of your investment in the Fund. A minimum $5 account balance is required, otherwise you may need to make a full withdrawal.
Blossom Save withdrawal requests made prior to 4pm Sydney time on a business day will generally be processed for same-day payment (subject to banking and payment systems). Withdrawal requests made after that time will be processed for payment the following business day (subject to banking and payment systems).
Redeeming your savings may give you taxable gains, depending on your individual circumstances. Please refer to the PDS to learn more about how fixed income funds are taxed.
Please also refer to the PDS to learn more about how the law and the Fund Constitution have to allow for possible suspensions of redemptions and even for extended delays but we think that is unlikely.
The maximum investment amount per customer is $10,000,000. If you’d like to invest more, please contact our support team at blossom@blossomapp.com.
You can make a withdrawal request at any time through your account on the web, iOS or Android app. It can be all or part of your investment in the Fund. A minimum $5,000 account balance is required, otherwise you may need to make a full withdrawal.
Blossom Plus withdrawals are processed quarterly (every 3 months). You can make a withdrawal request until 4pm on the final business day of the quarter. Withdrawals requested after 4pm on the final business day of the quarter will be processed in the next quarter. Don't worry, requesting a withdrawal will not impact your earnings until we process your withdrawal. This means, we will post earnings on funds you’ve requested to withdraw every day until the business day the redemption is processed.
Redeeming your savings may give you taxable gains, depending on your individual circumstances. Please refer to the PDS to learn more about how fixed income funds are taxed.
Please also refer to the PDS to learn more about how the law and the Fund Constitution have to allow for possible suspensions of redemptions and even for extended delays but we think that is unlikely.
Blossom Plus helps you achieve your long-term financial goals, faster by targeting 7.00% p.a. returns on your savings. Earnings are posted daily and compounded quarterly! Start investing with $5,000 and enjoy no account, sign-up, transfer or withdrawal fees.
Work towards your longer-term goals faster with 7.00% p.a. targeted returns. Choose Blossom Plus if:
Yes, there is a minimum investment amount of $5,000.
The maximum investment amount per customer is $10,000,000. If you’d like to invest more, please contact our support team at blossom@blossomapp.com.
Yes, you do receive earnings on these funds. We will post earnings on funds every day until your withdrawal is paid.
You can cancel pending withdrawal requests by heading to Funds > Transaction History > Pending Withdrawals.
Yes, you can withdraw part or all of your savings through making a withdrawal request in the ‘Transfers’ section of the web, iOS or Android app. There is no limit to how much you can withdraw at one time (subject to a minimum withdrawal of $5 and your account balance must not be less than $5 otherwise you may need to do a full withdrawal).
Yes, you can open a Blossom account in the name of your Trust. You must be a beneficial owner of the Trust or an individual Trustee or Director of the Company Trustee, to open a Trust account with Blossom.
If you have an existing individual account and you’d like to open a Trust account, you can:
If you don’t have an existing individual account, you can:
We’ll send you an email as soon as your Trust account has been verified and you can add funds.
We’ll do our best to verify your Trust account instantly. In some cases, it may take 1-2 days for the Blossom team to verify your Trust account.
Yes, you can open a Blossom account in the name of your Company. You must be a Director of the company to open a Company account with Blossom.
If you have an existing individual account and you’d like to open a Company account, you can:
If you don’t have an existing individual account, you can:
We’ll send you an email as soon as your Company account has been verified and you can add funds!
We’ll do our best to verify your Company account instantly. In some cases, it may take 1-2 days for the Blossom team to verify your Company account.
Yes, you can open a Blossom account in the name of your SMSF. You must be a beneficial owner of the SMSF or an individual Trustee or Director of the SMSF Trustee, to open a SMSF account with Blossom.
If you have an existing individual account and you’d like to open a SMSF account, you can:
If you don’t have an existing individual account, you can:
We’ll send you an email as soon as your SMSF account has been verified and you can add funds.
We’ll do our best to verify your SMSF account instantly. In some cases, it may take 1-2 days for the Blossom team to verify your SMSF account.
No, you can only open a Company, Trust and SMSF account through the web app at app.blossomapp.com/login. You cannot sign up through the mobile app.
You can create an individual account through both the web and mobile apps.
Yes, you can open an individual and Company, Trust or SMSF account with Blossom under one profile. If you already have an account set up with Blossom and you’d like to add another, you can:
We’ll do our best to verify your Company, Trust or SMSF account instantly. In some cases, it will take 1-2 days for the Blossom team to verify your new Company, Trust or SMSF account.
We’ll send you an email as soon as your account has been verified and you can add funds!
To switch between accounts, go to:
If you want to switch back, you can follow the same process!
You can set up a maximum of two accounts under a single profile. This includes one individual account and one Company, Trust, or SMSF account.
On average, it can take 10 minutes to apply for a Company, Trust or SMSF account. We’ll do our best to verify your Company, Trust or SMSF account instantly. In some cases, it may take 1-2 days for the Blossom team to verify your Company, Trust or SMSF account.
We’ll send you an email as soon as your Company, Trust or SMSF account has been verified and you can add funds!
To open a Company account, you'll need to provide:
For a SMSF account, you'll need to provide:
For Trust accounts, you’ll need to provide:
Dr. Kylie-Anne Richards is the Executive Director & Chair of ESG for Fortlake Asset Management. Dr Kylie is an expert in Sustainable Finance, Green Finance and ESG, with extensive industry experience both domestically and overseas. Outside of overseeing Blossom's strategy, you can find her lecturing at the University of Technology Sydney!
Blossom’s mission is to leave your savings and the environment much better than we found them.
We’ve made it our mission to support responsible investment. We’ve adopted our ESG Policy. Read our ESG Policy here.
Your round ups will be transferred into your Blossom account once a week, on Wednesdays. You’ll receive an email from us each week to let you know your round ups are on their way to your Blossom account.
Our minimum transfer amount is $5. If your round ups balance is below $5, we’ll wait until it reaches $5 and then transfer it the following Wednesday.
To de-activate auto-grow, go to Settings > auto-grow and click ‘Delete’ to unlink your bank account. You can re-activate auto-grow at any time in Settings > auto-grow and following the steps to re-link your bank account.
If auto-grow is not for you, you can fund your account using our other payments methods – PayID (instant) or Direct Debit (where you can set up automated recurring payments daily, weekly, fortnightly or monthly).
*Note: Your banking information is used for the purposes of account verification only. Your data is encrypted and stored offsite. We will never share, sell or rent your personal information. Ever.
To activate auto-grow, go to Settings > auto-grow and follow the steps to link your bank account to your Blossom account.
Auto-grow is Blossom Save’s round up functionality, which helps you reach your savings goals with every purchase. Every time you make a purchase with your linked bank account, we round it up to the nearest $1, $2, $5 or $10 – you decide! Let's say you choose to round up your purchases to the next $1. If you spend $4.50 on your morning coffee, we'll set aside your spare $0.50.
Next, you need to decide on your multiplier. You can multiply every round up by 1x, 2x, 3x, 4x, 5x or even 10x if you wish. Then, you keep spending and we keep rounding. Once a week on Wednesday, subject to a $5 minimum, we'll sweep your loose change to your Blossom Save account to help you target 5.95% p.a. returns. How good.
If rounding up to the nearest dollar isn’t enough for you, let your round up sprout by 2, 3, 4, 5 or 10x! This means that the rounded-up amount, say $0.50 left over from your morning coffee, will be multiplied by your chosen multiplier, and transferred into your Blossom account.
e.g. When you buy a coffee for $4.50, your transaction will be rounded up by $0.50. If your multiplier is 2, we’ll round up $1 for you ($0.50 x 2).
No, auto-grow can only be used to top-up your Blossom Save account.
Your round ups will be transferred into your Blossom Save account once a week, on Wednesdays. You’ll receive an email from us each week to let you know your round ups are on their way to your account for Blossom Save.
Our minimum transfer amount is $5. If your auto-grow balance is below $5, we’ll wait until it reaches $5 and then transfer it the following Wednesday.
When you fund your Blossom account for the first time, we will commit to planting a tree in a bushfire affected region. We have partnered with One Tree Planted who do the planting!
The savings goal is a feature within Blossom that allows you to set and monitor a custom financial goal. Watch your savings and your own flower blossom as you work towards achieving your goal.
To set a savings goal, go to the Blossom ‘Goals’ page through the web, iOS or Android app. Enter your amount, name your goal and start saving. Nurture your flower with additional top-ups or simply watch it blossom!
The Blossom name comes from the Blossom founder’s late grandfather, Bertie, whose nickname was Blossom. Bertie lost his battle with pancreatic cancer in April 2020. As the family patriarch, this was a huge loss, but his spirit lives on everyday through Blossom.
We are donating funds from our referral program to the Garvan Institute to support their research into pancreatic cancer, a cause incredibly close to the hearts of the Blossom team. We love you, Bertie.
You can refer up to 20 people.
You'll receive a unique referral link when you sign up to Blossom. Share this link with your family and friends to help them reach their financial goals too.
Your referral can click on your link to start their Blossom sign up. Once you and your referral have funded your accounts with $20 or more, you’ll both receive $10.
You can choose to:
Note: You can make a new decision for every new referral.
Yes, you can close your account whenever you want by sending us an email to blossom@blossomapp.com. Uninstalling the app won’t cancel your pending transactions or close your account. You can also withdraw all your funds by making a withdrawal request through the web, iOS or Android app.
While it is not compulsory, we recommend providing us with your Tax File Number within the Blossom web, iOS or Android app.
If we do not receive your TFN and you don’t give us a valid exemption, we must withhold tax at the highest personal rate, plus the Medicare levy, before passing on any distribution to you. The law is very strict on how we can use TFN details. If this withholding tax applies, it is merely a collection mechanism and an investor may claim a credit in their annual income tax return in respect of the tax withheld.
To avoid this, please enter your TFN in the ‘Settings’ tab as soon as you can!
You will still be able to login to access any statement you may need, even if you have closed your account. If you have login issues, please email us at blossom@blossomapp.com.
Redeeming your savings may give you taxable gains, depending on your individual circumstances. Please refer to the PDS to learn more about how the Blossom Fund is taxed.
We will send you an annual tax statement each year. This statement will be able to assist you to complete your tax return. It will have all the information you need regarding your savings with Blossom.
The start will be the week of January 29th to the final week being the week starting March 18 2024.
We appreciate your commitment to regular saving! However, for the Go & Grow Challenge, the eligibility criteria require a single recurring transfer of at least $100 within each calendar week. This means multiple smaller transfers that add up to $100 or more won’t qualify.
You will be eligible for the week your recurring transfer of at least $100 lands.
Winners are announced weekly. If you're one of the lucky winners, you’ll receive an email notification.
Yes, you should maintain a minimum growth of $100 in your account each week to qualify for each week's draw.
Each week, you stand a chance to win a matching contribution for your week's growth, up to $500. Over the 8-week challenge, there will be 3 winners per week.
Absolutely! You can join the Go & Grow Challenge at any point during the 8-week period. The sooner you start participating, the more weekly draws you can be a part of.
If you need to make a withdrawal during a particular week, just ensure you grow your account balance by $100 with a recurring payment. Remember, the Go & Grow Challenge is about encouraging consistent growth, and we're here to support you every step of the way.
All Blossom users who grow their balance with a recurring payment of $100 or more across a calendar week are eligible to participate. This initiative focuses on encouraging consistent growth in your savings.
The Blossom Go & Grow Challenge is an 8-week campaign designed to encourage and reward users for increasing their savings. Participants aim to grow their account balance by $100 or more each week. All eligible participants will enter a draw to be one of 3 winners. Winning a matching contribution to their account, up to $500.
