Newday provides impact investing and banking for people who want to invest in what you value while getting a financial return.
If you are uncomfortable with big investment companies, Newday can help you make your money reflect your values as much as your financial goals.
How Newday Works
Newday matches your investments with companies that support your beliefs, such as animal welfare, gender equality, and climate action.
You simply download the Newday App (iOS only) and answer some basic questions to receive an automated portfolio of impact investments.
Your impact investing portfolio is based on the impact areas that you care about, your risk level, and how you want to invest.
Newday’s algorithms will create a diversified portfolio that is tailored to your goals, values, and risk appetite.
To fund your Newday account, you can set up recurring transfers or make 1-time transfers from your bank account.
Newday Impact Portfolios
Impact Portfolios include Global Impact, Climate Action, Ocean Health, Animal Welfare, Gender Equality, Clean Water, and Stakeholder Capitalism.
Every Newday Impact Portfolio is a custom-made, proprietary, and targeted investment strategy built to benefit a specific area of impact.
By taking a multi-portfolio approach, Newday is able to provide a fully-diversified investment strategy while impacting the areas you care about directly.
You can choose the portfolios that match your values and make changes to your investments at any time.
There is no minimum investment amount to join Newday.
Your first $100 under management is free always.
For any amount greater than $100, Newday charges 1.00% annually.
All college students invest free with any amount.
In order to open a Newday account, you must be 18 years or older and a U.S. citizen, U.S. permanent resident, or a visa holder.
Newday $5 Sign-Up Bonus
Important Note: Please note that while Newday has confirmed that the Newday Referral Program is working, I have not made a confirmed referral yet in order to ensure that it works properly. However, Newday also seems to be offering a $5 bonus credit to all new users who join, so you should get a $5 bonus either way. Proceed at your own risk.
1. Download the Newday App from the App Store (iOS only).
2. Sign up for a Newday account.
3. Enter Referral Code XC3728 in the Newday App immediately after you apply and before you are approved.
4. To enter the code, visit Settings > Earn Up To $100 > Redeem, where you will have access before being approved.
5. You should enter the code immediately after you apply while your account is still pending approval.
Personal Experience: After I applied for my Newday account, I had access to the Redeem option for entering a referral code. However, after my Newday account was approved, I no longer had access to the Redeem option. So I can only assume that you need to enter the code after you apply, but before your account is approved (this takes about 10 minutes).
Possible $5 Bonus for All: Both when I started my application in the app and after I joined via email, I received notifications that Newday would give me a $5 bonus credit toward my investments as a thank you for being an early adopter. I have not received this $5 bonus yet, but it seems to be an openly available offer, so keep an eye out for communications about it.
Newday up to $100 Referral Program
Once you join Newday, you can earn up to $100 for referring your friends to start impact investing.
When you refer your friends to Newday, you’ll each get $5 when they use your code.
To refer new users, visit Settings > Earn Up To $100 > Invite, where you can copy your code or share via Messenger.
You can earn up to $100 in total for referring your friends to join Newday.
There are not many details provided about the Newday Referral Program or how it works, like when to apply the code during account opening.
However, I will update this article as more information becomes available.
Please feel free to share your experiences with Newday along with your referral codes in the comments below this article.
Newday Impact Banking
Newday is now introducing impact banking to help you make a social and environmental impact.
They are offering a Mobile Checking and Savings account with a Bioplastic Debit Card that is compostable.
Any funds that you keep on deposit with Newday will be used to fund affordable housing, small businesses, community services, and economic development projects.
If you are interested in impact banking, you can visit Newday Impact Banking to reserve your spot for the official launch.
Make your money work for both you and your causes by impact investing and banking with Newday.