Determine how best to allocate your cash
Get the right balance between saving, investing and paying off debt using our proprietary optimisation tool.
Get the right balance between saving, investing and paying off debt. Maximise your returns using ISAs and LISAs. Always have the best products on the market. Quick and easy to set up.
Get the right balance between saving, investing and paying off debt using our proprietary optimisation tool.
Intelligent AI to help determine when its right for you to use an ISA, LISA or a SIPP.
We’ll show you the best products on the market to meet your needs.
We keep an eye on your balances, when they move we’ll tell you if you need to do anything differently.
We proactively scan the market and let you know the minute we find a better product.
We’ll only inform you if you’re likely to be accepted by a lender. Our searches don’t affect your credit rating.
Whole of the market savings accounts and leading credit-card, loan, and investment products.
See all of your accounts in one place. Connect via Open Banking or add an account balance manually.
Search by individual transaction, or filter by merchant or category.
We even connect to Zoopla so you have a true picture of your finances.
Just connect your accounts and we'll optimise them. Disconnect them at any time.
We provide the guidance, you make the decisions. Turn features on or off, depending on your preferences.
Our AI ensures every penny is covered by FSCS by splitting your savings across banking groups.
On average, using Optimly will make you better off. The exact benefit amount is extrememly personalised and will depend on your existing financial set-up, your income and expenditure, your overall net-worth and attitude to risk.
Here are some examples
Our aim is to improve financial lives.
There are nearly 20 million people in the UK who would benefit from financial advice, but the majority would find the cost prohibitive or poor value for money.
Optimly has been built with this in mind.
Optimly utilises Open Banking technology and our own proprietary algorithms to enble us to provide our serivce without the need for human advisors.
By doing this we have been able to reduce the costs traditional finanical advisors incur, but still provide our clients with a clear,
holistic and tailored proposition.
As a result, we are able to provide our service free of charge.
One thing to note is that while we do not charge for our service, some of the providers on our platform may charge a product fee, e.g. a annual credit card fee or an
investment fund management charge.
Optimly is a new and exciting alternative to traditional financial advice.
By understanding your existing financial position and your objectives for the future we are able to help you structure your finances so they are in the optimal shape.
By optimisation we mean how best to utilise the power of your money.
Is it right having your money in a savings account? Should it be in an ISA? Should you invest in stocks and shares? Should you make over-payments on your credit cards, loans or mortgages? Could you benefit from a LISA? Is it better to put your money into an ISA or a SIPP? Do you have the product rates?
Doing one thing or another can affect the amount of return you can get on your money – and how much tax is due on interest earned or capital growth.
Optimly is personalised to you and provides clear and conscience information on how to optimise your finances.
Optimly is personalised to you and provides clear and conscience information on how to optimise your finances, but you make and execute the decisions.
You’re entirely in control. Every element of our service can be turned on or off and unlike some similar services we do not ask for or require a letter of authority/power of attorney.
There is a charge for using a financial advisor, which means it is not a cost-effective approach for many people.
Optimly is free to use so cost isn’t a barrier. If we feel that you would benefit from having a financial advisor, we will happily recommend one.
It’s certainly an option but knowing the latest rules and regulations and ensuring you have the best products on the market can be a full-time job in itself.
Optimly is free to use so anyone wishing to use the service can do so without cost being a barrier.
There is no cost to using our service and we’ll make sure your finances are structured optimally for you. What’s more it’s quicker than doing it yourself.
The benefit from using our service will depend on a number of factors, including how your finances are currently structured but, on average, people who use Optimly will be better off that those who don’t.
If you’d like to.
There are three elements to our service: 1) making sure you have the right allocation of cash across saving, borrowing and investing; 2) utilising your tax wrappers, 3) having the best products on the market.
If you already have the best savings/borrowing/investing products on the market, then we’ll let you know. If there is a better product but you prefer your current provider, you can stick with them.
All we do is let you know how much better off you’ll be by making a decision. You decide whether or not to make it.
Optimly is a digital-only service so we have been able to remove a lot of the costs that firms incur when offering traditional finanical advice. As a result, our service is free to use.
One thing to note is that, while we do not charge for our service, some of the product providers may charge a fee; for example, an annual credit card fee or an investment fund management charge.
If you have any questions about Optimly or our service, please contact us.