For our Save Debit Invest Program, Save charges a fee of 0.59% only when there is a return above 0.59%. For every month that you reach the $250 minimum qualified spending, Save will provide a match of equivalent investments. The 0.59% is our management/advisory fee and is charged annually from the matched investments prior to depositing returns into your account. We do not charge a fee if your investments don’t return more than 0.59% in the program.
For our Save Market Savings and your Referrals Save charges a fee of 0.35% only when there is a return above 0.35%. The 0.35% is our management/advisory fee and is charged annually from the investment account prior to depositing returns into your account.
Save Debit Invest Example: You spend $400 in qualified signature spending, from January 1, 2021, to January 31, 2021. Save will match on your behalf, $400 in portfolio equivalent investments. On or after February 1, 2022, any returns on your matched investment above 0.59%, Save will deduct the management fee of 0.59% from your investment return and deposit the remaining amount to your Save Debit Invest account.
Save Market Savings Example: You deposit $1,000 in your Market Savings account on January 1, 2021. On or after January 2, 2022, you receive any returns on your deposit above 0.35%, after Save has deducted the management fee of 0.35%. Below 0.35% return, Save will not charge a fee.
Save Debit Invest Referral Example: You receive $1,000 in referral equivalent investments when your friend signs up and uses his/her card for $250 in qualifying spend on January 1, 2021. On or after January 2, 2022, you will keep any returns on your referral investments above 0.35%.