• A Market+ program has a 3-year term and a minimum deposit of $2,000.
• Your principal is guaranteed only if you hold the investment to maturity.
• If you make any withdrawal from the guaranteed interest rate product (except for the 3% annual disbursement) prior to the end of your 3-year term, your account will be closed and you will be subject to a withdrawal and/or surrender charge and a market value adjustment which can increase or decrease the amount of your withdrawal. These penalties can be significant.

A Market+ program is principal guaranteed if held for the complete 3-year term. When a program is started, the majority of the deposit is placed in a guaranteed interest rate product which will accrue yields by maturity that equal the initial deposit and pay the 3% annual guaranteed return. This allocation guarantees that regardless of the performance of your market investment portfolio at least you will earn a 3% annual return and your initial deposit will be returned at maturity. See illustration

Your Market+ deposit is not FDIC-insured but does have principal protection when held to term.

After signing up, the majority of the deposit is placed in a guaranteed interest rate product issued by a life insurance company unaffiliated with Save Advisers. The guaranteed interest product is backed by the issuing life insurance company which has an A- (Excellent) rating and is part of a leading financial services company that, as of December 31, 2023, had USD 62.6BN in assets under management.

A Market+ program pays a 3% annual guaranteed return. This annual return equals 3% of your initial investment and is deposited into your investment account after the end of your investment program’s first, second, and third years. This cash payment can be withdrawn at any time.

After you make a deposit, Save’s investment team works with our partners to fund investments in your selected portfolio which will accumulate a market linked return or APY. Your market linked returns could be higher or lower than expected depending on the performance of the portfolio, but they can never be lower than zero. In other words, your variable market linked APY⁵ comes from the performance of those investments — and if they perform really well, your total variable APY will be greater than your guaranteed 3% annual return.

No. While the 3% annual return payment is guaranteed, the Market+ market linked APY⁵ is not. Instead, it is variable and linked to an investment return. Just like any investment account, your market linked returns are based on market fluctuation. The variable APY⁵ presented is based on the live performance of the S&P 500 Risk Controlled Portfolio with the understanding that in certain years the Portfolio may have outperformed the APY⁵, and in other years it may have underperformed the APY⁵ and even potentially returned 0%.

You can withdraw your 3% annual guaranteed return payment and your market linked investments at any time; however, additional withdrawals from the guaranteed interest product allocation in any year before the end of the 3-year term require that the investment program be closed. Closing the investment program includes the liquidation of the guaranteed interest product, to which the issuer will apply a withdrawal or surrender charge to the amount withdrawn and a market value adjustment which may increase or decrease the amount withdrawn. Your principal will not be guaranteed. Your investment account will also be closed.

Important note: Any amounts withdrawn from the guaranteed interest product will reduce the interest you will earn over the 3-year term and, therefore, your initial deposit may not be fully protected following any withdrawals.

Save charges a per annum management fee for the Market+ investment program that is a combination of an administration fee and an advisory management fee. These fees are calculated at the time of the application and remains fixed throughout the Program term.

Administration Fee. Save will collect the administration fee at the beginning of each term year. 

Advisory Management Fee. Save collects the advisory management fee at the end of each term year only if the market-based investment return exceeds the combined administration fee and advisory management fee either during the term year or over the three-year program term.

Annual advisory fees are collected:

• If, at the end of a given term year, the one-year market-based investment return exceeds the combined administration fee and advisory management fee. 

Any uncollected advisory fees are collected:  

• If, at the end of the three-year market-based investment program term, the three-year cumulative market-based investment return exceeds the cumulative three-year combined administration fee and advisory management fee. 

^a All fees shown above are calculated as of 23 April 2024

You can quickly and easily check on the performance of Market+ by logging into the Save app. Use the app to track your progress. You can see your current return, the performance of your market investments, and where your investment program is in its timeline.

Important note: Because the Market+ market liked APY⁵ is variable and linked to an investment return, you will see fluctuations throughout the term. The market linked variable APY⁵ is presented based on the live performance of the S&P 500 Risk Controlled Portfolio.

Unlike a CD which provides a predetermined return that doesn’t take market forces into account, Market+ both provides a minimum predetermined return in the form of an annual disbursement payment and exposes you to potential market upside. Your variable APY⁵ is linked to your selected investment portfolio (e.g. the S&P 500 Risk Controlled Portfolio) which gives you a higher overall potential return.

Yes — you can enroll in another Market+ program after the initial program’s 3-year term has concluded.