Safety. Choice. Convenience.

How SaveBetter works

how the Savebetter platform works

Get more choices to savings products

Today, customers can access a variety of different FDIC-insured savings and deposits products offered by banks all across the country. However, many of us settle for the products offered by their primary bank, because opening better products elsewhere requires time to open and fund multiple accounts, keep tabs on their progress, and manage tax forms for earned interest.

Find the best options for your savings goals streamlines this process for you. Our platform features an extensive array of high-yielding savings products offered by our curated network of banks. Customers can select savings products from multiple banks and then manage all of their deposits from one single SaveBetter account.

Access everything you need from one account

Once a customer chooses a product, their funds transfer to our designated custodian and then to the bank offering their selected product. When it’s time to check in, make a change or file taxes, the customer can access everything they need from their SaveBetter account.

All deposit balances on the SaveBetter platform are held at FDIC insured financial institutions

Federal Deposit Insurance Corporation

All participating banks are members of the FDIC. Deposits in participating banks are insured by the FDIC up to the limits of federal law. The standard insurance amount is $250,000 per depositor, per insured bank, for each deposit account ownership category.

SOC2 certified platform

SOC 2 is a designation that confirms a company’s information security measures are up to snuff and have been properly executed. More precisely, SOC 2 ensures that an online savings bank has detailed, ongoing internal procedures to keep their customers’ information safe and protected.

How taxes are taken care of

tax reporting with Savebetter

You will receive a 1099-INT for each calendar year for income tax reporting requirements.

Why SaveBetter is, well, better

Safety: One secure account guards your personal data and safely allows you to tap into yields from multiple savings products.


Traditional banking
Multiple signups, savings accounts, and products at different banks each requires providing your sensitive personal information.
Choice: Access diverse and competitive FDIC-insured savings products that increase your savings potential.


Traditional banking
Less savings and CD products options may limit your savings potential.
Convenience: Only one SaveBetter account is required. You can manage your chosen savings products from our platform.


Traditional banking
Opening new bank accounts at multiple banks means more statements, passwords, and wasted time.

The latest savings news in your inbox

Sign up for news and latest offers

Call us: 844-994-EARN (3276)(Monday to Friday from 9:00 a.m. - 4:00 p.m. ET)
SaveBetter logo

The SaveBetter name and logo are trademarks of SaveBetter LLC. The Deposit Solutions name and logo are trademarks of Raisin GmbH, used with permission.

© 2022 SaveBetter LLC. All rights reserved.

APY means Annual Percentage Yield. APY is accurate as of May 12, 2022. Interest rate may change after initial deposit. Minimum opening deposit is $1.00.

Each customer authorizes the Custodian 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 The Custodian 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. Custodian services are provided by Lewis and Clark Bank.