In Partnership with UNest.
Table of Contents
This past year has been marked by uncertain times, unsure futures, and feeling unable to relax. If things are that bad at the start of this decade, who knows how they’ll turn out by the end of the 2020s.
We don’t mean to spark your anxiety, but there comes a time when your worries need to supersede yourself and transfer over to your child’s future. What will they do in a world where we can’t even predict if we’ll be allowed outside in the next month?
Allow UNest to ease that stress with their opportune investment application. It allows you to deposit a small minimum amount each month into your child’s saving fund.
The company has amassed 16k Instagram followers, 2k likes on Facebook, and a boatload of reputable investments from the likes of Anthos, Draper Dragon, Northwestern Mutual, and One Way Ventures.
Money talks, but does it walk? Our UNest review will see how far the company’s legs stretch as we walk you through a bit of their history, their goals, their practices, and their customer reception.
Overview of UNest
Though UNest is a young company, being founded recently in 2020 by Ksenia Yudina, they’ve already asserted themselves as a reliable investment alternative.
They tout their application’s ease-of-use as one of the biggest selling points alongside their quick sign-up process and lack of required paperwork. If you have five minutes to spare then you have enough time to open an UNest account for your child.
Instead of taking your money and assuring you that they’ll handle everything, UNest provides access to tools that allow you to predict how much money you’ll need to save for your child depending on the account’s purpose. From there, you can adjust your investment rate on a monthly basis.
Before we dive even deeper into this UNest review, let’s take a look at some of the brand’s highlights:
- Offers a convenient app interface so that you can see how much you need to invest in order to save enough for your child
- Can earn rewards through purchasing affiliate products in the UNest app
- Affordable entry fee and minimum deposit
- Can cancel your plan at any time
- Great reviews and customer ratings
- Extremely reliable privacy protection
UNest only offers one service, but there’s plenty to cover in regards to how that service functions, how much you can save, and why you should consider investing in this brand.
The UNest application can alleviate all your woes regarding saving for your child’s future. It’s hard to predict what will happen, especially given how fragile the state of the world has been in 2021, but UNest comes prepared to lessen your mental toll.
Our UNest review staff found that the app streamlines the process of determining how much to put away for your child, how long you should uphold that investment rate, and what that money should go towards.
Unlike other investments, UNest doesn’t hold you to any predetermined plans. Any funds you deposit into your UNest account can be used for whatever your child desires, so long as it’s their name on the account.
Standard practices like college funds, retirement savings, and planning to purchase a mortgage are all recommended by UNest. However, our UNest review team found some surprising ways that children can use the money you stow away for them.
They could put the money towards purchasing their first car, going on a honeymoon with their high school sweetheart, or paying for a divorce attorney to separate from their former high school sweetheart after said honeymoon goes awry.
Children can access the money in their UNest fund once they reach adulthood, which, according to UNest, is between the ages of 18 to 25.
Let’s talk a bit about taxes. The first $1,100 worth of savings is entered into your UNest account tax-free, while the next $1,100 will be taxed. Thankfully, that second amount is taxed at the child’s tax rate, not yours.
These taxes are all based on annual amounts, by the way. Anything more than $2,200 annually will be taxed at the adult tax rate.
Who Is UNest For?
UNest’s simple business model and low entry cost make them suitable for anyone that wants the best for their child. With that being said, our UNest review writers believe those two factors make this company especially attractive to those who may not qualify for other long-term investment plans.
UNest doesn’t ask many questions and doesn’t hold your money to an unchanging course. The fact that you can cancel your plan and extract the money you put away for your child means that even those who need to support their offspring in the state of emergency may find UNest useful.
How Does UNest Work?
The UNest app has an easy four-step procedure that’s as easy as learning how to ride a bike. There may be plenty of moving parts, but once you get the hang of it, you’ll find it impossible to believe there was a time where you lived without it.
Here are the four steps to creating an UNest account:
- Download the UNest app on the iOS App Store or the Google Play Store
- Determine how much you’d like to invest per month. The minimum you can deposit into the account is $25 per month. You can change that amount depending on your financial situation.
- Friends, co-workers, family members, and online stock brokers can all help in building your child’s financial future. They can gift you money that goes directly into your child’s UNest account.
- Monitor all your account’s activity. You can easily keep tabs on how much money is stored in your child’s account, change how much you’d like to invest each month, and more.
The best part about UNest’s hands-off approach is that everything can be done through the application. Our UNest review writers find that’s a major advantage this company holds over brick-and-mortar investment plans that usually require appointments.
If you’re unsure of how much you want to contribute towards your child’s future, then UNest has you covered. They have some resources on their website to streamline your decision-making process.
We’re particularly fond of their college calculator. This algorithm recommends certain amounts that you should set aside for your child’s education based on the information you enter. These pieces of information include:
- Your child’s age
- Their intended university type (public, private, in-state, or out-of-state)
- How much money you can safely set aside each month
That’s not the only degree of flexibility UNest offers their customers. The team behind this UNest review want you to know that the brand has two available plans, each with their own perks.
The UNest Regular Plan costs $3 a month while the UNest Family plan comes in at $6. Both plans offer mostly the same features.
Regardless of which plan you pick, UNest will deliver you up to five investment options, cash rewards from UNest’s branded partners, unlimited UNest gifts from friends and family, and access to their savings calculator tool.
The big difference between the UNest Regular Plan and the UNest Family Plan is that the former is less expensive but the latter allows you to open accounts for up to 5 children.
UNest Reviews: What Do Customers Think?
Investments are a scary notion because they’re not lump-sum one-time deals. They require dedication and planning, two skills that the majority of the non-Dungeons & Dragons population lack. Thankfully, UNest can help you with both of those aspects.
Or so it would seem. In this section of our UNest review, we’ll let the company’s customers tell us what they thought of the brand’s services. They’ll let you know whether UNest really can help you plot out your child’s future with the utmost efficiency.
Let’s get this cat out of the bag right away. The UNest application holds marvelous aggregate review scores from users across the internet. Here are some of their most eye-catching ratings:
- 4.9/5 stars from over 100,000 downloads on the Google Play App Store
- 4.7/5 stars based on over 3,000 pieces of customer feedback on the iOS App store
- 5/5 stars from over 5 pieces of customer feedback on the brand’s Facebook page
If numbers could tell the whole story then movie sequels wouldn’t need subtitles. That’s why we dove into each of these databases to discover what earned UNest such high reviews, and what prevented them from scoring perfect averages across the board.
Many customers adored how streamlined UNest’s application was. It took the hassle of planning, crunching numbers, and manually adding funds to accounts and made them vanish.
One happy 5/5 star reviewer described the app like this: “Everything is done through the app and I mean EVERYTHING from start to finish. I love how easy it is to use and navigate the app. All the info you need is right there.”
Other fans felt relieved that they were putting enough money away for their child thanks to the company’s college fund calculator. It reassured them that their child’s education fund was secure based on their current investment rate.
Another elated buyer touted both the company as a whole and their responsive customer service squad. They wrote, “UNest has been paramount in investing in my child’s future. As a new parent, I was looking for ways to secure my child’s future financial security. I’ve had to reach out to the client support team a few times and they have been nothing but helpful!”
UNest was also welcomed with open arms because of how they provided hope for customers who previously believed they wouldn’t be able to support their child in the long term.
This reassurance came from a combination of the company’s affordable plans, their exquisite budgeting options, and their accurate projections.
Here’s a heartwarming customer testimonial that displays why consumers treasure UNest:
“Perfect option for parents & families to invest in their children. As a widow on a disability income, I didn’t know how I was going to be able to save for my child. When her father died suddenly whatever money we had saved got used up faster than it took us to save it. I haven’t been able to replace what we needed to take. UNest has given me a chance to at least try.”
Let’s put a bow on this section of our UNest review by recapping what customers loved the most about the brand:
- Extremely easy to use
- The reassurance provided by the college calculator function
- The reliable customer service team
Is UNest Worth It?
It would be hard for us not to advise looking into UNest at the very least. Their low barrier to entry, affordable plans, potential savings, and high customer satisfaction rate all point to a company that delivers on their promises.
All in all, we believe the brand is worth it.
UNest Promotions & Discounts
UNest sadly does not offer any promotions nor discounts at this present moment. Is that the end of the world? Of course not, because the company reports that you could still save up to $27k over an UNest’s account lifespan than you would if you enrolled in a standard financial account.
There’s obviously some math and tons of factors that could affect how much you’ll save by using UNest as opposed to a traditional financial savings bond.
With that being said, our UNest review writers view that amount not as a definitive savings every customer should expect but instead as a sign of how much more efficient UNest’s operations are compared to regular advisors.
Now, while this isn’t a discount, UNest has an ingenious scheme for you to earn money towards your child’s account. You can purchase items through the UNest app that are promoted by the company’s partners.
These rewards are deposited into your account 7 to 10 business days after the transaction is completed. That partnership is quite the capitalist’s dream: you earn more money by spending more money. You’re literally saving more for your children by spending more for them now.
Where to Buy UNest
UNest is a digital-only application so the only place to sign up for its features is through the internet. The application is available on both the iOS App Store and the Google Play Store.
Who owns UNest?
Ksenia Yudina, who founded UNest in 2020, owns the brand to this day.
The company protects all customer data with 256-bit SSL encryption. If you thought that they just sat idly and let those 256-bits serve as the only form of protection between your information and potential hackers then, as Rob Halford once said, you’ve got another thing coming.
The UNest compliance team routinely checks all customer accounts for suspicious activity.
Finally, all investments up to $500k are protected by the Apex Clearing Corporation, UNest’s partner.
What is UNest’s Refund Policy?
Though it’s not your standard refund, UNest does permit customers to disengage from their services. You can cancel any UNest plan with a flick of the wrist and a click of the mouse.
However, our UNest review writers noticed that the company ardently stresses that any funds you withdraw from them must go towards the child who was listed in your account. You can’t use that money for any pyramid schemes, to pull yourself out of any debt holes, or for any child other than the one whose name was on the docket.
Darn, there goes our get-rich-quick scheme.
There may be some time between when you cancel your account and when the money in your account transfers over to your bank account. UNest states that this time period is being used to review your file and ensure the validity of your request.
In general, it takes funds five business days to go from your UNest account to your selected bank account.
How to Contact UNest
If you any other burning questions, here are a few ways you can go about speaking with one of the brand’s employees:
- Give them a call at (818) 275-0041
- Shoot them an email at [email protected]
- Send support-related inquiries to [email protected]
While your saving for your kids future, why not invest in them now? Check out Juni Learning, a digital classroom for kids aged 7 to 18 to learn computer science, math, and English.