Squirrel Money Investor Reviews

Early days yet for our relationship with Squirrel, but first impressions are very positive. The two aspects that we are still coming to grips with is firstly the optimum amount to place on an investment order and how long we will have to wait for the order to be applied to a loan. We need to keep the amount at a relatively lower level so as to potentially benefit from a speedy sale if we need to abandon the loan, but just want a small portfolio of loans so that we do not need to spend time overseeing our account. As there seems to be currently a large pool of investors we have selected the minimum interest rate in each category so as to "get in the queue". We are assuming that in doing this others cannot "overtake us" in the queue and therefore only a matter of time before our investment orders are allocated to new loans. The service received from Squirrel, both phone and email, has been first-rate from the communication and information perspective.

As a first time investor I have read up quite a bit on how it all works including anything I could find through squirrel money. The only thing was when it can to actually investing navigating process was a bit difficult and I asked customer service and they where great. Maybe a little video on how to invest on your website for first timers showing that you can choose the interest rate as I thought it was set for the years you picked and I didn't realise the lower the interest the quicker your investment gets picked. Otherwise great thank you

I also invest in Lending Crowd and Harmoney and your platform is the trickiest. Apart from the lack of loans the process doesn't seem quite right.

I signed up with Squirrel about 6 weeks ago and immediately transferred $10,000. As a trial, before investing more, I distributed the money across 6 investment orders, ranging from low interest rate to high and in the 2-3 year and 5-7 year brackets. I also picked interest rates showing very few other user bids so the queue would be short. I have been very disappointed how long it has taken for the money to be invested. A 6.55% interest rate investment (2nd from bottom) took 5 weeks to finally be invested. And I was offered a Marketplace investment yesterday which I accepted. The rest of the money is still sitting there making no interest. I reached out several time to the Helpdesk trying to get clarity about how long it generally takes for funds to invested. The answers I got were generic and did not offer any new information that differed from what was already available on the website. So far it has not been a positive experience. The $10,000 was a trial with the outlook of investing far more. At this point I am very hesitant to attempt investing any more.

I think the Homeowners Loan is an excellent idea, helping people get to 20% deposit to qualify for better rates. I will be investing as much as I can into it. I wish it had been available to me when I got my mortgage. Squirrel Money is providing an important service at the same time as a really good investment opportunity, exactly what I had hoped peer to peer banking would be.

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Seamless process to invest.

My page still says that im awaiting identity verification, this was a I. T. issue when i first signed on, i have obviously been able to invest so it has been sorted, but not a professional look especially when i show friends, colleagues etc and im guessing word of mouth would be a larger part of you guys bringing on new clients, just a small thing, but not a great look..

Bit long to get funds matched. also no clear menu to get back to the dashboard.

To use the platform effectively, you have to keep active as the auto-bid features are limited & not very successful unless you are looking for a low interest return. There are a lot of emails and they're not very informative.