Trust Bank’s first investment offering, TrustInvest, is set to be launched to all of its customers in 2025.
TrustInvest will allow its customers to select from a range of investment solutions designed for the bank’s customers. It is currently in pilot mode with a small group of “pioneers”. Existing bank customers can waitlist for the service.
The bank did not provide any other details.
Trust’s announcement follows an update from GXS Bank on Nov 20, which shared that it is looking to introduce an investment product suite.
Group CEO Muthukrishnan Ramaswami said at a media roundtable that the service will allow the bank’s customers to invest in low risk, mostly fixed-income based unitised funds providing better returns than a savings account. Customers can invest from as low as $1 and will have access to daily liquidity.
