Finally, an account
where your money
can grow

Your secure bank deposits are with Webster Bank,
N.A., Member FDIC.

Market Savings

1-year term

8.26
%
APY

Market Savings

2-year term

7.79
%
APY

Market Savings

5-year term

9.18
%
APY
OUR NEW APPROACH TO SAVINGS TECHNOLOGY OPENS UP NEW POSSIBILITIES

How Market Savings gives your money a smarter way to grow

Your account is powered by Save — our new approach to savings technology.
Save combines the safety of bank deposits with the growth potential of the market.

Sign-up

Sign-up, tell us a little about yourself, choose your deposit amount and term length (1, 2, or 5 years), link your funding bank account, and select your investment portfolio.

Open Accounts

We will open a savings account at Webster Bank, N.A. (FDIC insured) and an investment account at Apex Clearing (SPIC insured) on your behalf.

Your deposit funding will be transferred from your existing bank to your Webster savings account. Note that your deposit will not be invested and will remain at Webster Bank.

Make Investments

We will make an investment in your selected portfolio. This investment will be held in your Apex account. Depending on the term chosen, the investment will mature after one year and one day or up to five years.

Watch Progress

On a daily basis, you will be able to see your investments' performance by logging into your Save app. You can withdraw your deposit at any time, subject to cost associated with early termination of related investments.

Investment Term Ends

After your investment term ends, you will receive your deposit back and the investment gains (if any) of your selected investment portfolio minus our fees.

Market Savings vs. traditional savings accounts

Market Savings
Traditional Savings Account
FDIC Insured
Yes, up to the maximum allowed by law
Yes, up to the maximum allowed by law
Term
Limited. Maximum 5-year investment term.
No defined term
APY
Varies, but typically higher than traditional savings accounts
Varies, but typically lower than Market Savings accounts
Source of APY
Market investments
Decision by bank
Taxes
Long-term capital gains tax on any positive returns
Income tax on positive returns
Liquidity
You may withdraw at any time, subject to advisory fees and account costs
You may withdraw at any time, typically with no costs
Minimum deposit
$1,000
$0
Guaranteed rates
No
No

Grow your savings with the upside potential of market returns combined with the safety of FDIC insurance

Most savings accounts return less than 2% Source: National Rates and Rate Caps per year. If you want to grow your wealth, you can always invest in the market. But that puts your hard-earned savings at risk.

So how can you get more from your savings without risking them in the market?

By replacing traditional savings account interest with investments, Market Savings combines the security of FDIC-insured bank deposits with the upside potential of market returns. So your savings get a chance to truly grow — without risking your deposit.

1-year term
8.26 %
APY
2-year term
7.79 %
APY
5-year term
9.18 %
APY
MySavingsDirect
4.35
%
APY
UFB Direct
4.21
%
APY
Bask Bank
4.15
%
APY
First Internet Bank 1-year term
4.75
%
APY
First National Bank of America2-year term
4.40
%
APY
BMO Harris Bank 3-year term
4.50
%
APY
CIT Bank 11 month CD
4.10
%
APY
Ally Bank 11 month CD
3.85
%
APY
Synchrony Bank 11 month CD
3.50
%
APY

FAQ

  • Who is Webster Bank, N.A., Member FDIC?

    We are proud to present Webster Bank, N.A., Member FDIC, as our partner in sponsoring your Save Market Savings. The FDIC-insured deposit account portion† of the Market Savings product and service is provided by Webster Bank, N.A., Member FDIC. Customer funds provided will be deposited into non-interest-bearing accounts at Webster Bank, N.A. The investment portion of the Market Savings product and service is provided by Save. Save Advisers, LLC, nor its investment affiliates, are a bank.

    Webster Bank, N.A., Member FDIC, is a leading commercial bank in the Northeast that provides a wide range of digital and traditional financial solutions across three differentiated lines of business: Commercial Banking, Consumer Banking, and its HSA Bank division, one of the country's largest providers of employee benefits solutions. Headquartered in Stamford, CT, Webster is a values-driven organization with $65 billion in assets. Its core footprint spans the northeastern U.S. from New York to Massachusetts, with certain businesses operating in extended geographies. Webster Bank, N.A., Member FDIC, is a member of the FDIC and an equal housing lender. For additional information on Webster Bank, N.A., Member FDIC, you may review our Terms and Conditions or visit their website.

  • I want to know more about the investments. How do they work?

    The investments go into a portfolio managed by our team of industry-leading experts. Learn More About Investments.

  • Is the Market Savings APY guaranteed?*

    No. The Market Savings APY* is linked to an investment return. Just like any investment account, your returns are based on market fluctuation. The APY* presented is based on the hypothetical performance of the Save Moderate Portfolio with the understanding that in certain years the Portfolio may have outperformed the APY,* and in other years it may have underperformed the APY* and even potentially returned 0%.

    The big difference in Save is that your principal isn’t at risk because your deposit is put in an FDIC-insured account† with our partners at Webster Bank, N.A., Member FDIC. Your Market Savings deposit is not encumbered, collateralized, or put at risk. Save does not utilize your deposit for anything else aside from placing it with Webster Bank, N.A., Member FDIC, to ensure capital protection.† Independently of your deposit, Save will make an investment on your behalf based on your portfolio allocation. When you open your account with Save, you’ll use the Recommendation Tool to choose the best portfolio. Plus, we never take a fee if you don’t earn a return. You can find out more information on our Legal page.

  • Will I be charged any fees? 

    Save® only charges a fee when you get returns. When you do get returns, the management fee is 0.35%. (If your returns are less than 0.35%, there’s no fee.) There are no other fees such as set-up fees or monthly fees.

  • Can I withdraw my money at any time?

    Yes. If you need to withdraw your funds, you can do so by logging into your account online or in the mobile app. You can also request help by emailing us at support@joinsave.com or chatting with us through your app. Note that you may forfeit any potential returns you've received on your account by withdrawing your funds early.

  • Can I do partial withdrawals?

    Because each deposit is matched with investments based on the term selected, you will not be able to partially withdraw funds from a given deposit. Instead, the entire deposit and its corresponding investments must be closed in full. You may, however, start several deposit programs that can be closed individually in full. If you think you may wish to withdraw funds, you are recommended to place such funds into individual programs.

    Save advises that you leave your deposits in place for the investment's full term to both maximize your variable APY* potential and avoid costs that may incur in association with early withdrawal from a program.

  • Is there a limit to how much I can earn?

    Nope! All the investment returns (minus our fee) are yours to keep — no matter how big they are.

  • Is there a minimum account balance?

    The minimum deposit amount is $1,000 for the 1-year term and $5,000 for the 2-year and 5-year term. Deposits are FDIC-insured up to the maximum allowed by law, $250,000 per depositor, per bank.

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