Stairs: Savings App 4+

It’s the best of both worlds

I don’t understand anyone giving this less than 5 stars. Maybe some of negative reviews are from when it first launched and still had some bugs. I’ve never had an issue and the customer service is very helpful and responsive. Whenever I’ve had a question it’s been answered the same day or the very next.

Stairs is the best of both worlds. You’re earning 6% while your investment is still fairly liquid. That’s an insnaley high rate considering how liquid your investment is. You can add and withdraw funds easily. It takes a few days for the funds to hit just like venmo or PayPal. If you have a chunk of change sitting around earning nothing but you want to be able to access it in the event of an emergency this is a no brainer. It’s also great for stashing your cash until you find another investment you want to go in on that has an even higher return. Don’t let your money just sit in a checking or savings account and earn practically nothing. This is a great app that’s backed by a great company in Groundfloor.

Transferred $5k + RoundUps + Recurring

I’m a professional real estate investor. The company behind the Stairs app (GroundFloor) loaned our company the funds to buy & rehab a house less than 3 miles from where I live. As a result, I started studying their business model and discovered the Stairs app. I’ve decided to use it for my short-term cash / emergency fund. I’ve got my monthly savings on auto-pilot with a recurring transfer. Plus, they round up each of my debit card transactions… should have almost $12,000 saved in Stairs app in 12 months, earning 6% interest, and able to withdraw the cash at any time, with no penalty. Can’t beat that!

App is not reliable and lots of issues

I have been using the app for over 6 months now. Initially loved the concept of being able to make a good percentage rate of interest on liquid funds. It has not been smooth sailing however, had difficulties setting up my account and still not able to get the full 6% I had hoped for. After several weeks of back and forth with the initial set up with Groundfloor, they were not able to rectify the issues with Plaid and my bank account so I had to settle with the 5%. Recently there have been lots of issues with Stairs being down & not being able to enable any transactions, we received an email that the problems had been fixed however I recently tried making 2 withdrawals last week which showed that the the transaction had been accepted successfully on the app however the transaction history never updated in the app, nor did I receive the funds in my account. It’s now a week later. Be very careful putting any money in here that you might need immediate access to because the app does not consistently work reliably.

Developer Response ,

Hi there, thank you for your review and feedback - we are passing your comments along to our team. We are constantly working to update and improve the app based on feedback from users like you. Regarding your funds transfers, it could be they are still processing; our support team would be happy to check in on them if you like. Please reach out at support@stairsapp.com for assistance. Thank you for trying Stairs.