Flyte Kids Invest, Save, Spend 12+

Love it! Love it! Love it!

After using this App for 6 months now I think it’s brilliant, and another way for me to save money effortlessly... it wasn’t what I was expecting initially as I thought the round-up amounts from purchases would be debited instantly instead of weekly but this doesn’t matter!
Interested to read what others think of the App, and to clear some comments up even though the rates are approx $1 a month after the initial 3 month period, the money I’ve accumulated is still more than I would have saved without using this. It does take a while for the money to be debited and then settle but after the first few have gone through it’s a nice regular pattern.
Love logging into this friendly App and looking at how things are going, along with reading the newsletters, articles, rewards on offer and other interesting bits!
How would I improve it? possibly by linking my other accounts to it and debiting round-ups from those accounts instead of my main account... although not sure that would be possible?
Thanks Loved??

Developer Response ,

Thanks for your great review! It is much appreciated by the entire team.

Reach us anytime at help@loved.com

BEWARE huge red flags with this app

I opened an account in 2020 when my daughter was born thinking this would be an easy way for friends and family to send money directly to her brokerage account. It wasn’t. There’s no way for an adult to send money without opening an account for THEMSELVES first or they could wire it but most banks have a $30-40 wire charge.

I set up a $100 monthly auto investment for my daughter and largely forgot about it for a while. I’d log on now and then and would see the balance increasing so I thought everything was fine. One time it said the Plaid connection with my bank was broken and needed refreshed so I connected it and it withdrew HUNDREDS of dollars from my bank BY ITSELF. Apparently they had been crediting her account $100/month *without* withdrawing it from my bank so when the bank connection was reestablished the backlog of transactions were pushed through. HUGE HUGE HUGE RED FLAG PEOPLE. So I decided to withdraw her money and just use something I feel safer about like E*Trade. THE WITHDRAW BUTTON DIDN'T WORK. I had to open multiple support tickets and over a week for it to work and get the money out. It literally felt like a scam like FTX or MtGox where the withdraw buttons just stopped working. HUGE HUGE RED FLAG. I wouldn’t trust this place to be a custodian of any meaningful amount of money, you’ve been warned.

Fantastic App!

I have been using this App for about 18 months and I’ve saved about $2000 so far. I chose the high risk strategy and sometimes my investment drops below what I have put in, but the amounts aren’t significant and I’m currently a few pounds ahead. The big advantage for me is the ability to save without even noticing. I have not noticed the round-up sums unless I look for them, and I certainly have not missed them. I love the projections of how my money will build up - it’s very motivational! No you cannot immediately transfer your money back to yourself but for me, that’s a plus. I have an ISA with my back which allows me to get instant cash and it’s too tempting, it certainly doesn’t grow like this one. My husband saved a few hundred very quickly and withdrew it without any problems - you just need to wait a few days. I find it reassuring to have this little nest egg quietly growing with zero effort on my part. Brilliant!

Developer Response ,

Thanks for your great review! It is much appreciated by the entire team.

Reach us anytime at help@loved.com