Security, choice and convenience.

Select and fund multiple savings products from different institutions and manage them all from one account. Here’s how SaveBetter works.

How SaveBetter works

how the Savebetter platform works

Our platform is an online marketplace where you can access deposit products offering some of the best interest rates available, from a nationwide network of banks and credit unions. Through one convenient account, you can fund and manage savings accounts, money market deposit accounts (MMDAs), and certificates of deposit (CDs), building a savings strategy that fits your needs.

A curated selection of savings solutions, in one place

Many of us have settled for the deposit products offered by the bank or credit union where we already have a relationship. Researching and opening accounts elsewhere and keeping tabs on their progress requires time, so many savers don't bother to shop around. Enter SaveBetter: We selectively partner with banks and credit unions across the U.S. to offer savings products with top rates through one easy-to-use online marketplace.

Many banks and credit unions, one account, one statement

Customers can select savings products from multiple banks and credit unions and then manage all of their products from one single SaveBetter account. Each month, you get one statement showing balances and earned interest across all the deposits you're holding.

How your money moves

A federally insured bank or credit union is always in possession of your cash. When you fund a savings product, the money you transfer in first goes to a custodian bank and then to the financial institution offering the product you selected. Anytime you want to check your balances, make a change or get tax statements, everything you need is accessible through your SaveBetter account.

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

Federal Deposit Insurance Corporation

FDIC logo

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.

Click to learn more about FDIC insurance

National Credit Union Administration

NCUA logo

All participating credit unions are insured by the NCUA through its Share Insurance Fund. Deposits in participating credit unions are insured by the NCUA up to the limits of federal law. The standard insurance amount is $250,000 per depositor, per insured credit union, for each deposit account ownership category.

Click to learn more about NCUA insurance

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

With SaveBetter
One secure account guards your personal data and safely allows you to tap into yields from multiple savings products

VS

With traditional banking
Multiple signups, savings accounts, and products at different institutions each require you to provide sensitive personal information.
With SaveBetter
The platform brings together diverse and competitive federally insured savings products, including CDs with a range of terms, that increase your earnings potential.

VS

With traditional banking
There are fewer product options, possibly limiting your savings potential.
With SaveBetter
Only one account is required. You manage all your chosen savings products through the SaveBetter platform.

VS

With traditional banking
By opening new accounts at multiple institutions, you get more statements, must remember more passwords, and waste time.
newsletter

The latest savings news in your inbox

Sign up for SaveBetter.com 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 Raisin US LLC. The Raisin Solutions US name and logo are trademarks of Raisin GmbH, used with permission.

© 2022 Raisin US LLC. All rights reserved.

APY means Annual Percentage Yield. APY is accurate as of {todayDate}. 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 SaveBetter.com. 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.