Save® Advisers LLC, or Save, is a regulated financial institution. We are registered with and regulated by the U.S. Securities and Exchange Commission. We are also required to follow regulations by the Bank Secrecy Act of 1970 and by the Federal Deposit Insurance Corporation (FDIC).
Save accounts also have the benefit of being FDIC and SIPC insured,3 meaning both your deposits and investments are covered by federal insurance.
Any investments in your account are covered up to the maximum limits allowable by law through the SIPC via our partnership with Apex Clearing. SIPC insurance protects against the loss of cash and securities held by a customer at a financially troubled SIPC member brokerage firm.
Any capital or deposits you place with Save are also FDIC insured to the maximum extent allowed by law through our partnership with our partner banks. FDIC Insurance covers all deposits plus any interest accrued or due to a customer in the event of a depository institution becoming a failed FDIC institution.