Dated: 10 July 2022

Issued by: Gleneagle Asset Management Limited
ABN 29 103 162 278
AFSL Licence 226 199

Set and Save Challenge

FREQUENTLY ASKED QUESTIONS

What is the Set and Save Challenge?
The Set and Save Challenge is to support you cultivating better savings habits and to reach your savings goals sooner. During the challenge, we will match one participant’s recurring payment each week by up to a maximum of $500, once off and will be transferred into your Blossom account.

When does the challenge start and finish? 
The challenge starts on the 10th July 2023 and ends on the 1st October 2023. 

How do I enter the Set and Save Challenge?
To enter, simply schedule a recurring payment to invest in Blossom Fund through the Blossom app within the week. To do this, open your Blossom app and go to Transfers > Add Funds > Input an amount > Choose Direct Debit > Select a frequency (daily, weekly, fortnightly, monthly). Any existing recurring payments you have set up will be counted as an entry into the challenge.

How much can I potentially win?
Each week, one individual will have their recurring payment matched by BlossomApp, up to a maximum of $500 once off and will be transferred into your Blossom account.

Can I participate if I have my recurring payment set to monthly?
Yes. If you have a monthly recurring payment, you'll be considered in the challenge each week your recurring monthly payment is made.

Do round ups or one-time payments count as participation in the challenge?
No, only recurring payments are eligible.

How many opportunities do I have per week?
You can have a maximum of 7 opportunities per week by setting a daily recurring payment (each payment counts as 1 opportunity).Weekly recurring payments count as 1 opportunity per week. Monthly recurring payments count as 1 opportunity during the week the payment is scheduled to be made.  Check your financial institution for any limits on the number or size of payments (e.g., per month or quarter) and whether there are any fees or charges before setting a schedule suitable to you.

When does a challenge week begin and end?
Each challenge week begins Monday, 12:00 AM AEST, and ends Sunday, 11:59 PM AEST. With winners announced on the following Wednesday.

How will I know if I win the challenge for that week?
Each week, the Blossom team will contact the lucky customer via email!  

If I win the challenge, how long will it take to receive my boost?
After you have been notified, it will take up to 2 business days for your payment to be transferred into your Blossom account. 

© 2022 BlossomApp Pty Ltd

Important Information
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Nothing in this website or on the Blossom iOS or Android app should be construed as being personal financial advice. It is general nature only and has not taken into account your particular circumstances, objectives, financial situation or needs. You should consider whether the information, strategies and investments are appropriate and suitable for you or seek personal advice from a licensed financial planner before making an investment decision.
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An investment in the Fund is subject to investment risk (see below under “Blossom Fund and PDS”). The target rate of annual return from investments retained in the Fund is not guaranteed and no assurance is given that the target rate will be achieved for any time the investment is held in the Fund. Distributions from the Fund to investors may be lower than targeted and may vary. Past performance of the Fund is not a reliable indicator of future performance.

No performance is forecast.
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Blossom Fund and PDS
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Gleneagle Asset Management Limited ABN 29 103 162 278 AFSL 226199 is the responsible entity of the Blossom Fund ARSN 645 889 998 (Fund). BlossomApp Pty Ltd ABN 74 644 216 151 is Corporate authorised Representative No. 001284228 of Gleneagle Asset Management Limited.
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It is important for you to obtain and consider the Product Disclosure Statement (PDS) for the Fund, along with the Target Market Determination, before deciding whether to invest, or to continue to invest, in the Fund. The PDS, TMD and applications to invest are only available online (www.blossomapp.com) or through the Blossom iOS or Android app.

An investment in the Fund through holding an account is not a bank account deposit and is subject to investment risk, including the loss of capital invested. No assurance is given as to distributions or their rate when investments are withdrawn or repayment of moneys invested. Withdrawal rights are subject to liquidity and may be delayed or suspended (see the PDS). Other significant features and risks are disclosed in the PDS.