Monefit SmartSaver
Estonia · Consumer · Founded 2021
Our score
Average return
10.52%
advertised maximum
Our verdict
SmartSaver is the simplest product in this table and the one whose simplicity hides the most. You deposit, you see a daily-accruing rate near 10.5%, and you can withdraw on demand — which looks and feels like a savings account and is not one. Underneath, your money is lent to the Creditstar Group, the same group whose delayed buyback payments are the main mark against Lendermarket. There is no ECSPR licence, no buyback, no secondary market and no loan-level view: the entire position is a claim on one privately held lender.
What works
- Genuinely frictionless — deposit, accrue daily, withdraw on demand with no loan selection to configure
- One of the highest rates available on an instantly accessible product
- Creditstar Group publishes audited accounts and has been lending since 2006
- Low entry amount makes a small test realistic
What doesn't
- Presents like a savings account while carrying none of the protections — no deposit guarantee, no compensation scheme
- No ECSPR licence and no regulatory supervision of the product
- Total dependency on the Creditstar Group, whose refinancing profile has been a recurring concern across the sector
- You cannot see what you own: no loan-level data, no originator breakdown, no published recovery figures
Who this is for
Investors who want instant-access yield, understand they are taking an unsecured position on one lender, and size it as they would an unsecured corporate loan rather than as cash.
How the score breaks down
How this score is calculatedEach dimension is scored 0–10 from documented inputs, then multiplied by its weight and summed. Nothing is rounded until the end.
Figure taken from: monefit.com · Sep 19, 2026 · Advertises up to 10.52% APY on SmartSaver; states 1.7m users and over €100m paid out; part of the Creditstar Group
Terms & conditions tracker
We re-read the public terms of this platform every day and log what changed.