PocketWealth is a UK-based micro-savings app that helps you set aside spare change automatically and grow it over time. Funds are held with our regulated banking partner and pooled into two "pots" — Instant Rain (flexible access) and Time Lock (higher yield).

We are pursuing authorisation with a UK banking partner. Until authorisation is confirmed live in-app, all balances and yields you see are simulated for demonstration and testing purposes.

Sparkles, our AI, provides information and guidance — not regulated financial advice. That means Sparkles will:

• Explain how the app, pots, and interest work
• Show generic scenarios (e.g. "at 4% AER, saving £5/week roughly builds up over a year")
• Educate on concepts like compound interest, AER, and FSCS protection
• Celebrate your saving habits and streaks

Sparkles will never:

• Recommend specific amounts to save, invest, or move
• Give tax advice or ISA-specific recommendations
• Promise future returns or forecast your balance
• Compare our product to other regulated providers

This approach follows the FCA's guidance on the boundary between guidance and advice, including the direction of travel in the Mills Review.

When live, customer funds will be held in a segregated account with our FCA-authorised banking partner. Eligible deposits will be protected up to £85,000 per person under the Financial Services Compensation Scheme (FSCS).

The FSCS £85,000 limit is shared across all accounts you hold with the same authorised firm, including any direct accounts you may already have with our banking partner.

PocketWealth is free to use. Sparkles Pro is £3/month or £34/year and includes a +0.75% AER boost on your Time Lock pot. Rates are variable, funded by our margin, and can be changed with notice.

AER (Annual Equivalent Rate) shows what you'd earn if interest were paid and compounded once a year. Actual interest depends on your balance and how long it stays in the pot.

You must be 18 or over and a UK resident to open a PocketWealth account. During onboarding we ask if you'd like Sparkles to surface free UK support signposting inside chats — you can turn this on or off anytime from your profile.

If you're worried about money, please reach out to one of the free, independent services below before making any decisions.

• MoneyHelper (gov-backed)
  Free, impartial money guidance backed by the UK government.
• StepChange
  Free UK debt advice and practical support.
• Citizens Advice — debt & money
  Local advice on debts, benefits, and everyday money problems.
• Samaritans
  If things feel overwhelming, call 116 123 — free, 24/7.

If something's gone wrong, email support@pocketwealth.uk. We aim to acknowledge complaints within 3 working days and resolve them within 8 weeks. Once we're authorised, if you're not happy with our final response you can escalate to the Financial Ombudsman Service.