How SaveBetter 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
SaveBetter.com 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.
How taxes are taken care of
You will receive a 1099-INT for each calendar year for income tax reporting requirements.
Why SaveBetter is, well, better
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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.
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.