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Save (joinsave.com) is offering $1,000 in savings power to new members. You’ll also get $1,000 in savings power for every person you refer to the enhanced savings account provider. More referral offers here. See the best Savings accounts here.
We all want our money to make us more money. Those who like to take a gamble might play with the stock market. But for others who are risk-averse, how do you keep your savings safe while growing it? This is where Save comes in. While a regular savings account earns a paltry 0.36% each year, Save’s market savings account offers an impressive average return of 3.15%. Plus, it’s 100% secure with no risk of loss. Let’s get into all the important, fine details below.
$1,000 Portfolio Investment Sign-Up Bonus
Get $1,000 in portfolio investments when you register and open a Save account with this referral link. You get to keep the returns of the portfolio investments after one year (not the actual investment itself).
Give $1,000, Get $1,000 Referral Program
Get $1,000 in portfolio investments (for you and your referral) for every person who registers and opens a new Save account with your unique referral link. You’ll get to keep the returns of the portfolio investments after one year.
To be eligible you need to:
- Be registered as a customer of the Save Advisors platform.
- Be subject to the Save Advisory agreement and the Apex Custody agreement.
- Be at least 18 years old.
While traditional banks spend billions of dollars on advertising every year, Save spreads the word through their enticing referral program that rewards participating members handsomely. So they can cut the unnecessary costs and pass the savings onto you.
How Save Works
Save offers a new approach to savings that gives your money more potential to grow. Here’s how it works:
- Your deposit is placed in an FDIC-insured partner bank account.
- Your interest is invested in a portfolio matching your risk profile.
- You’ll receive the upside of a diversified portfolio of stocks, bonds and other assets.
In short, Save invests the interest you earn while your initial deposit stays secure. That way, you can get bigger returns from your savings without risking them.
Save savings accounts are growth-focused with an average simulated return of 3.15% to 6.24%. Your initial deposit is FDIC insured, and the securities in your account are protected by SIPC.
Save lets you choose the portfolio that’s right for you, so you can be as conservative or aggressive as you’d like. They’re built by a team of industry-leading experts and use an advanced design normally reserved for institutional investors. Save portfolios offer:
- Diversification, combining stocks, bonds and other investments accessed via liquid ETFs.
- Stability, to achieve a steady market return in a range of environments.
- Flexibility, adjusting portfolio exposure as market performance improves.
This is how the Save Moderate Portfolio Strategy would have performed between 2006 to 2020 (based on hypothetical backtesting):
No Return, No Fee Promise
Save thinks it’s unfair to ask for a management fee if they don’t increase your money. That’s why they only charge a fee if you get returns. When you get a positive return, the annual portfolio management fee is 0.35%.
Save Debit Invest Card
With the Save Debit Invest card, Save will invest $1 in equivalent portfolio investments on your behalf for every $1 you spend. So if you spend $10,000 on the card in a year, Save will invest $10,000 in equivalent portfolio investments. You get to keep the returns (not the actual investments themselves).
Save Debit Invest has no set-up or monthly fees, and there’s no cap on spending nor spend categories. You can withdraw money fee-free at thousands of ATMs.
If you’re looking for a risk-free way to grow your savings, Save accounts might be the way to go. Join with this referral link and get $1,000 in savings power.
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