No. The Market Savings APY* is linked to an investment return. Just like any investment account, your returns are based on market fluctuation. The APY* presented is based on historical performance in the S&P 500 Risk-Controlled portfolio from 2009 to present with the understanding that in certain years the portfolio may have outperformed the APY,* and in other years it may have underperformed the APY* and even potentially returned 0%.
The big difference in Save is that your principal isn’t at risk because your deposit is put in an FDIC-insured account3 with our partners at Webster Bank, N.A., Member FDIC. Your Market Savings deposit is not encumbered, collateralized, or put at risk. Save does not utilize your deposit for anything else aside from placing it with Webster Bank, N.A., Member FDIC, to ensure capital protection.3 Independently of your deposit, Save will make an investment on your behalf based on your portfolio allocation. When you open your account with Save, you’ll use the Recommendation Tool to choose the best portfolio. Plus, we never take a fee if you don’t earn a return. You can find out more information on our Legal page.