Comments on: Save App Review: Earn A High APY With Market Savings

By: Cynthia

Cynthia — Sun, 25 Aug 2024 14:17:56 +0000

It is secure in terms of you'll get back your initial investment but the chance of you making hardly any profit is quite the case. I invested in 08/23 and my account just came to maturity, I put 10K in total, the first 5K just reached maturity, and after their fees I received $44.16 that's less than 1% return 0.88% to be exact. I would have put my money in a HYS for 4.75% instead. They will lure you in with high returns of 9% or more then say the market blah blah blah... I still have another 5K maturing in one month and those returns look to be less than $200 as of today. The percentage of returns changes on a daily basis very volatile and dependent on the stock market so why not just invest directly in the stock market and leave it long term, the fees will be a lot less and you'd be getting more. This was a waste of time, I regret tying up my funds for a whole year for nothing, but it was a lesson learned... I do not recommend.

By: Serg Kley

Serg Kley — Mon, 17 Jun 2024 16:49:23 +0000

It’s a scam company. I gave them $150000 for 1 year into three investment accounts.
The first $50000 was into the conservative portfolio. after 12 months of maturity, I have to wait another 3 weeks for the transfer back to my account. I got back after almost 13 months $50,000.01
The other two with $50000 each were the same story. The return was $50,000.00 and $50,332.00.
The total of $150,000.00 for almost 13 months I got $332.01.
The bank statement balances they published on my accounts were around $4200 for a year.
No matter what portfolio I chose a conservative promised by them around 7% interest or a high-yield risky one, they sold lost penny stocks to give me my money back after maturity.
I would not be surprised if the company will be investigated and shut down.
My advice is to stay away from them as far as possible. If you already gave them your money try to get it back because they have access and full control of the bank accounts they opened behalf of you. Good luck

By: Marquez

Marquez — Sat, 25 May 2024 02:00:25 +0000

Total scam! Stay away from SAVE. They locked up my money for 12 months and I received nothing in return. Worst part is they tried to “incentivize” me to hold my money hostage for an additional 12 months. Luckily I saw through their veiled lies. Lesson learned.

By: Sean

Sean — Tue, 30 Apr 2024 14:13:12 +0000

3rd user – gave them money in Jul 2023, also invested an equal amount due to a referral. Returns never exceeded 3-4% of account value and now in late Apr 2024 my return is meager 0.22%. Will probably be worth $0 at the end of the 1 yr lockup. Not worth it, they are very opaque about investment returns vs management fees. I requested a breakdown of investments and their management fee. We will see if they respond.

By: Dan

Dan — Sun, 31 Mar 2024 00:21:03 +0000

In reply to Kevin Kolack. I had a similar experience. While the stock market is breaking records my return was a paltry 0.3%. My worst performing investment by a long way, I would have been better off with a regular savings account. Avoid is my advice, they don’t seem legit.