Are you worried about inflation?
Would you like your savings to make money every day?
Would you like to earn money even when you sleep?
Your answer to all these questions is probably “Yes”.
I’m also worried about inflation and I want my savings to make money, so I look for ways to make them earn money.
And I’ve found probably the easiest and most profitable way – Monefit SmartSaver.
Monefit Overview
Monefit is owned by Creditstar Group, a well-established financial services provider with more than a decade of experience in the market. Operating in several European countries, Creditstar has built a solid reputation for offering short-term and instalment loans and has secured over 83 million returns for its clients.
Credistar Group is a prominent and proven European lending group, offering loans across Europe and operating in countries such as Spain, the UK, Sweden, Denmark, Poland, the Czech Republic, Estonia and Finland.
Monefit offers a product called Monefit SmartSaver, designed to help everyone achieve their financial goals by providing a 7% annual interest rate (compound interest) on invested savings. This product is designed for those looking for an alternative to traditional savings accounts that offer very low returns.
How does Monefit Smartsaver work?
- Quick registration – start investing in less than 10 minutes with the standard registration procedure.
- Add funds – from €10 to €100 000.
- Earn interest every day – your funds are automatically invested at a compound annual interest rate of 7.25%.
- Withdraw money at any time – your invested money is not locked in for a set period of time. Instead, you can withdraw at any time and your money will be in your bank account within 10 working days.
Investing with Monefit is amazingly easy! Make a deposit and your funds will start earning interest automatically and instantly!
Investment calculator
When you log in to the Monefit website, you can “play” with the investment calculator. This is a very interesting tool that will allow you to see how your investments will grow over the next five years.
In this example, we can see that if we invest €50,000 today, we would have €70,950 in five years. 50,000 euros invested would have earned almost 21,000 euros over five years!
What rate of return can you expect?
According to Monefit, the fixed return is 7.25%.
Compared to other well-known P2P lending platforms such as VIAINVEST and Mintos, Monefit’s average rate of return of 7.25% is very low. But compared to a savings account, the returns are quite high, but you also take on more risk.
While Monefit advertises a 7% return on investment in its product, this return may fluctuate as stated in the platform’s terms and conditions. This is probably due to the fact that market conditions can affect a company’s profits.
Monefit reviews
Monefit Trustpilot benefits, advantages or disadvantages:
Monefit has an excellent rating on Trustpilot. The platform has more than 50 reviews and a rating of 4.3/5 stars.
Compared to other P2P lending platforms, Monefit’s rating on Trustpilot is quite good.
Positive feedback mentions decent interest rates and excellent customer service. Some of the negative feedback comes from investors located in countries where the platform is not allowed.
With over 60 positive reviews, Monefit is worth considering as an alternative to a savings account.
Questions and answers
How safe is Monefit?
Security is one of the most important factors to consider when investing money online with P2P lending sites.
Loan originator risk
When you invest your money in Monefit, you are essentially lending your money. Here, the loan originator creates a risk for you as the investor. If they have no control over their finances or business processes, your money is at stake.
How stable is the company?
Monefit is a new P2P lending platform from 2022. The company is still in the year 2010 and there is not much financial data available. It is therefore difficult to assess how stable the platform is at the moment. However, as Monefit is owned by Creditstar Group, a profitable lending group founded in 2006. If the platform is launched in 2010, it has some credibility.
Monefit SmartSaver Summary
Monefit SmartSaver offers an attractive option for anyone looking for a user-friendly and affordable P2P investment platform. Its simplified investment approach and high annual interest rate of 7.25% differentiate it from traditional savings accounts.
The platform’s automatic investment function without a cash freeze further enhances Monefit’s appeal for those who want to manage their investments and savings flexibly.
A lower rate of return suggests a less risky investment approach, but may not be as attractive to experienced P2P investors looking for a higher return on their investment.
