Earn 6% On Every Dollar You Save. A single mobile app that gives you principal safety and a high yield.
Outlet is a niche lending service that works like a savings account. They connect you with their network of overcollateralized lending partners, and match you with the highest yield. They do so in a smooth, and secure app that looks, acts, and feels like a savings account.
Manage your Outlet account and thousands of other platforms with MoneyMade Portfolio!
- Withdraw anytime you want
- All funds are 100% insured by our coverage policy
- Zero fees what so ever
How you make money
This is a form of Peer-to-Peer investing. Outlet loans your capital to borrowers and in return, you earn interest paid monthly. The good news is that you begin earning the advertised interest rate as soon as your funds are deposited onto Outlet.
How Outlet makes money
Outlet earns revenue through the interest rate spread. This is the difference between the interest rate your funds are loaned out at vs what you as an investor are paid.
Is it Safe?
All assets under Outlet’s management are 100% covered. Coverage is different from insurance. We are not FDIC insured, but have the best available coverage on the assets deposited through Outlet. At Outlet the most important thing is protecting your assets. We protect and guard your assets under the following risks, lending risk, the risk of hacks, and money in transit. We have a direct partnership with one of our lending partners to make Outlet as safe as possible from hacks. Our custody solution partner is SOC II type 2 approved. Stock markets, exchanges and other regulated entities have similar SOC requirements that must be met in order to operate. Lending risks are mitigated due to the fact that the loans your money goes toward backing are all overcollateralized. Meaning that for every dollar our lending partners loan out there is over a dollar being held by them.
Things to know
- You make money onInterest
- Payout frequencyMonthly
- Term of investmentZero
- Open toAll Investors
- Country availabilityUS only
- Assets under management$10M
- Mobile ApplicationIOS, Android
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Value after fees
Forward-looking statements, including without limitations investment outcomes and projections, are hypothetical and educational in nature. The results of any hypothetical projections can and may differ from actual investment results had the strategies been deployed in actual securities accounts.
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