4 ways SaveBetter platform will help you smash your savings goals
Never again will you have to pass up a great savings opportunity all because you wanted to avoid the hassle of opening a new account with another bank. Filling out online forms, connecting bank accounts, and remembering new log-ins are added unnecessary inconveniences. That’s why we’re on a mission to help you save.
The SaveBetter platform allows you to take advantage of high-quality savings products from multiple financial institutions within our banking network, all from one online account.
Here are four reasons to become a part of our savings revolution:
1. Diversify your savings
Diversification means owning a variety of assets that perform differently over time. By diversifying your investments you can improve your potential returns and stabilize your results.
When it comes to your liquid cash savings, sticking to a single savings product from one bank or institution means you’re limited to the benefits and terms of that one product.
As financial institutions vie for your business, each offers a variety of different products that can benefit your savings goals.
With traditional banking, to take advantage of different institutions’ benefits, you were typically required to open an account with each unique product provider. That could mean having accounts at many institutions, or simply forgoing those benefits to avoid the hassle of managing multiple accounts.
However, SaveBetter.com allows you to disburse your savings via one online account, to an array of savings product providers – with just one account registration and a seamless account funding experience.
2. Save time with a curated selection of savings products
Digging through the sea of available savings products on the market can be time-consuming.
SaveBetter’s network of partner banks gives you access to high-yield savings products (traditional and no penalty Certificates of Deposits coming soon).
It’s not only finding the products that takes time, but the repetitive process of registering for multiple accounts that can be a hassle, too.
With SaveBetter.com, your one-time account registration allows you to take advantage of multiple high-yield savings options, and track them all from one place.
3. Your savings are deposited with FDIC-insured banks
SaveBetter.com partners with a network of FDIC-insured banks.
Get empowered about making smart savings choices, and also have the peace of mind that your hard-earned money is backed by the full faith and credit of the United States government.
When you deposit through the SaveBetter platform, your one-time account registration is all it takes to have your savings deposited securely with multiple FDIC-insured banks.
When you choose a product on SaveBetter.com, your funds are transferred by our designated custodian bank to the product-offering institution.
4. Get streamlined tax statements
The SaveBetter platform also makes tax time easier. Rather than requiring an interest income statement (1099-INT) from each account for filing, SaveBetter will provide you with just one easy-to-read document.
For customers with liquid cash holdings across multiple high-yield savings accounts, unifying those statements can remove some of the stress of tax paperwork.
A new way to view savings
With the introduction of SaveBetter’s innovative online savings marketplace, we’re making it possible to revolutionize the way our customers manage their financial future.
We understand the difficulty of finding and saving via multiple products the traditional way. By broadening your access to those products, by facilitating choice and convenience without sacrificing safety, SaveBetter.com helps you increase your savings goals.
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The SaveBetter name and logo are trademarks of SaveBetter LLC. The Deposit Solutions name and logo are trademarks of Deposit Solutions GmbH, used with permission.
© 2020 SaveBetter LLC. All rights reserved.
APY means Annual Percentage Yield.
Each customer authorizes the Service Bank to hold the customer’s funds in a custodial capacity in order to facilitate the customer’s deposits to and withdrawals from deposit accounts at various Product Banks that the customer requests through SaveBetter.com. The Service Bank does not establish the terms of the deposit accounts, or offer the deposit accounts to customers, and provides no advice to customers about deposit accounts. Central Bank of Kansas City, Member FDIC, d.b.a. Central Payments is the Service Bank.