The 'Savings Plan' feature allows clients to set up recurring payments from as little as £20 for weekly and fortnightly payments and £50 for monthly payments. The AutoInvest feature then automatically invests these funds into your portfolio.
For customers with a pre-existing direct debit mandate, these will be re-named within the app but there will be no changes to your payments or AutoInvest settings.
Can I have more than one Savings Plan?
You can set up one Savings Plan per portfolio. So, if you have four different portfolios within your InvestEngine account, you can have four separate savings plans, one for each portfolio.