You currently get a 30 day free trial which starts on your first payment date or the date your transfer in lands with Nude.
Once your free trial is finished, the £2 fee is applied around the 21st of the month or thereafter if a weekend and is taken from your LISA balance directly.
Here's a reminder of all the great things that £2 gets you...
At the moment, we can help you see how a few little changes to your spending habits can get you into your first home sooner, and we’re going to be launching our other savings and investment products soon too.
The Nude LISA account brings all these unique app benefits with it too, which you don't get elsewhere with a LISA account:
📍 Set a goal
Using real-life house prices that show you how much you *really* need to buy your home.
⏳ Find out how long it’ll take
With our ‘time to goal’ equation, which transforms “how much you need” into “when you’ll buy your first place”. That’s way more exciting.
📊 Keep track of your spending
When you connect your bank to Nude.
🙌 Build good money habits
With challenges based on your spending.
🤝 Team up with a partner
With our first-of-its-kind ‘Team up’ feature.
🎁 Receive the gift of time
Your F&F can send you money via Gift Link, to reduce your time to goal
🔥 Boost your deposit by 25%
By saving or investing in a Nude Lifetime ISA (yep, we have options for both).
🌱 Invest sustainably
If you choose to invest with a Nude Stocks & Shares Lifetime ISA, we offer a sustainable fund - plus, benefit from one of the lowest investment charges, if not the lowest, for a sustainable investment fund: a total investment management charge of 0.52% per annum
🚀 Grow your deposit without thinking about it
When you set up your automatic direct debit.
💰 Top up when you want
Find yourself with a little extra? Add it straight your LISA
🏃♀️ Stay motivated
As you track your progress and see how your money impacts the time it’ll take you to buy your home.
📚 Regular ‘Learn’ articles
Information and tips on saving more and on the home buying process
👀 Make your eyes happy
With a colourful finance app that’s inspired by interiors and lifestyle brands.
We’ve got plans to make your transition from saving to owning super easy with Nude mortgages.
Here's a video to help show some of these benefits in action! 📹 https://www.youtube.com/watch?v=AM1SHs5POv4
We’ve got so much more on the horizon as well. As noted, we’re working on bringing ISAs and GIAs to the Nude app in coming months. Next year we’re going to be providing mortgage deals, and in due course our plans include being able to provide customers with Nude mortgages.
All of this comes with the piece of mind that we are regulated by the FCA (https://www.fca.org.uk/) and any money you save or invest with Nude is protected by the FSCS too (https://www.fscs.org.uk/).