Outlet is a savings app that allows you to earn over 50x interest compared to a traditional savings account.
With Outlet you can save money at the highest rate available at any given point in time.
Put your money to work and invest like never before. Everything is on autopilot.
Start earning passive income and watch your net worth grow in real time.
The Outlet mobile app is a savings account alternative. Your bank account is not the most optimal place to store your money if you are looking for a return.
The problem with using a traditional bank account or finance app is the yield you receive from depositing and sending your money through them.
Not only does Outlet pay you, but it also has plenty of other amazing features listed below:
Coverage - The dollars you put into your Outlet account are covered against the risk you take on when you use the app.
Security - When we ask for sensitive information we do not store it.
Saving and making money is easy using the Outlet mobile app. Once you are verified and have gone through the signup process you can begin earning interest. Transferring dollars to our mobile app instantly backs secured loans. There are no minimum balances, and you can withdraw your funds at any time.
Our mission is to be the best way to save and earn money. Earning passive income is something that people chase their entire lives. Returns normally only available to the wealthy are now available to everyone on Outlet. It's as easy as signing up and plugging your dollars into a next generation saving app.
Outlet is not a bank, but is a product with the ability to replace your bank account. Mobile banking has its differences. Outlet is more focussed on providing its customers with passive income and a way to increase their wealth.
Bank will often look to have as many fees as possible to increase their revenues. Outlet is a money making app that does not want to take away from its core value. “Being the ultimate wealth creation and passive income investing tool”
Money making apps tend to have poor returns or require you to put an extreme amount of time in order to receive any type of compensation. Passive income on Outlet is as simple as loading your Outlet account with funds straight from your bank.
Outlet is a great way for you to make money, as one of the best money making apps in the app store it, the simplicity of Outlet makes it easy for anyone to get started. Money making apps typically require some type of work, and are not true passive income. Outlet provides the best of both worlds.
Setting aside money and earning a high yield is only the beginning for outlet. Savings as a whole is a broken industry. Products that large banks say are high interest accounts do not break the rate of inflation. Outlet's average yield is far above the rate of inflation.
Not available in New York.
- In this update we are bringing you faster transfers! Now you can start earning in as little as 1 - 2 business days! No need to wait 5 business days to begin earning!
- Added a tracker that shows pending balance, and available balances when attempting to withdraw funds.
- Small bug fixes and improvements.
As always let us know if you have any feedback!
Ratings and ReviewsSee All
They have came along way but still need some work
After months of using this app and dealing with the glitches in the app they have gotten a lot better. They still have a long way to go as they need to set up an official voicemail, clear their inbox more regularly, and setup more how to videos on how to do wire transactions and such. Overall the idea is great the returns are great, but as a team of 2 people with one part time person they need to automate things better to free up their time to improve the product. They are missing out on bigger investors parking their money here as they don’t seem official. I do like that you can get them on the phone very easily to answer questions and they have given me the same answers when I’ve asked questions different days on the same topic telling me they know their product and are not changing the story. Overall I will continue to use this app and watch it closely as they have been improving.
The app is frozen in time.
This app needs a lot of work. It takes a very long time for your deposit to show up and when it does the app freeze up. The Communication with the app developer is generic and does not solve the issue. The concept it’s great if only the app will work.
I am going to hold off depositing any more money. The developer need to fix the issue fast because all of my contacts will move on and find another opportunity. I have stop promoting this app. This is why outlet finances received two stars because they are not handling their business. I can’t believe your are New Yorker.
Update: The app is now working like it should. I am now thankful that the developer understand the need to get on top of this situation. I will keep monitoring the app.
The app will get another star for now. I will give it another month and review before I increase the star rating.
I love the interest earned in the first month. The issue I have is some how they had an issue with my first bank account to cause a deposit to not go through. I was told I had to use a different account. Luckily I have a few. Got that account linked up and it took nearly 8 days to activate, then a week later something happened and had to confirm the account access again. They said it will take 24 hr but it’s been 4 days and still waiting for them to confirm so I can add funds.
I hope it gets better over time.
With Family Sharing set up, up to six family members can use this app.