SaveBetter.com: A better way to reach your savings goals
Have you ever passed up another bank’s better savings rate or product, all because you wanted to avoid the hassle of signing up to become a new customer and having to manage savings across multiple banks? You’re not alone, and now, you’ll never have to miss out on another great savings opportunity again.
SaveBetter.com is an online savings products marketplace that allows you to deposit your cash across multiple high-yield savings products, all from one easy-to-use account.
SaveBetter.com gives you all of the following:
A selection of products from FDIC member banks, splitting high balances across multiple institutions while still managing the funds from one login
The ability to manage your deposits in different savings products, so that you can increase your interest income and reduce your interest rate risk
Access to competitive saving products — such as high-yield savings accounts, fixed-term CDs and no penalty CDs
A fast, simple sign-up process – no more need to sign up via individual banks’ websites
Simple management of multiple savings products, through a single platform, as well as consolidated account documentation come tax time
What is SaveBetter.com?
The SaveBetter platform provides a new way to help your savings unlock greater earning potential.
With a fast, one-time online account registration, you can get access to a range of savings products, such as high-yield savings accounts and traditional fixed-term Certificates of Deposit (CDs) or no-penalty CDs.
These products are offered by a curated network of FDIC-insured partner banks, which means that your savings, just like your current savings in other accounts, will benefit from FDIC protection.
The SaveBetter platform is designed to help customers like you better manage your cash according to your personal circumstances and goals.
How SaveBetter.com works
The SaveBetter platform provides US savers with a curated selection of competitive products from numerous banks all accessible with one account. We invite you to join the savings revolution!
We bring quality savings products to you. We do the heavy lifting of finding and giving you access to great products from a single online account.
We present a new way to diversify your liquid cash holdings across multiple banks because no single bank has all the best offers. Furthermore, placing deposits across different financial institutions lets you gain insurance on deposits in excess of the $250,000 FDIC coverage limit (per bank per depositor).
Get started at SaveBetter.com by discovering competitive savings products.
After selecting the right product or products for your savings goals, register for a free SaveBetter account.
Your fast, one-time account registration (subject to successful identity verification), gives you access to a network of FDIC-insured partner banks with competitive, high-yield savings products.
You can fund your account immediately. When your funds are received at the bank, SaveBetter will then deposit your funds in your desired savings products at our partner banks.
After your cash is deposited, you can track all of your savings and earnings all from one place.
Although we instruct banks to transfer your savings savings deposit funds, SaveBetter.com never holds your money.
In fact, we never touch it. After you direct your funds to a bank via the SaveBetter platform, our partner bank, Central Bank of Kansas City, transfers your money and holds it on your behalf – until it is returned to you. Your funds are always with an FDIC-insured institution, and you can always see and manage your savings from your SaveBetter account.
Use SaveBetter.com for multiple cash benefits
Too much cash not properly invested over the long term can result in “cash drag.”
Instead, get your cash working for you by allocating it into high-yield savings products with competitive rates paying much more than 0.05% APY, the average interest on a savings deposit.1
You can use SaveBetter.com for the following cash-surplus situations:
Preparing for near-term life events such as college tuition, a wedding, growing your family, or buying a new house
Planning for FDIC-insured retirement savings
Receiving mandatory 401(K) distributions
Receiving a cash windfall
In addition, get multiple SaveBetter platform benefits:
Hassle-free access: Your one-time account registration is all it takes to have your savings deposited securely with multiple FDIC-insured bank partners. There’s no need to open multiple bank accounts with different bank providers.
Diversified savings: You can diversify your cash across products from multiple FDIC-insured banks. Think of it as a portfolio of cash; the primary difference is that your assets are FDIC-insured whereas your investments in mutual funds and ETFs are not.
Simple management: Stay current on all your cash through a single dashboard.
Simplified taxes: Instead of gathering multiple interest income (1099-INT) statements come tax time, you’ll receive just one statement.
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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.
© 2021 SaveBetter LLC. All rights reserved.
APY means Annual Percentage Yield.
Banking services provided by Central Bank of Kansas City. 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.