For your Wealth Card account, Save charges a fee of 0.79% only when there is a return above 0.79%. Return is net of the 0.79% management fee. The 0.79% is our management/advisory fee and is charged annually from the matched investments prior to depositing returns into your linked bank account. We do not charge a fee if your investments don’t return more than 0.79% in the program.
For the Save Market Savings and your referrals Save charges a 0.35% fee only when there is an APY* 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. We do not charge a fee if your investments don’t return more than 0.35% in the program.
Save Wealth Card Example:
You spend $1,000 from May 1, 2022, to May 30, 2022. Save will invest equivalent investments on your behalf in your selected portfolio. On or after June 1, 2023, any returns on your investments above 0.79%, Save will deduct the management fee of 0.79% from your investment return and deposit the remaining amount to your linked bank account. Returns below 0.79%, Save will not charge a fee.
Save Market Savings Example:
You deposit $1,000 in Market Savings on January 1, 2022. On or after January 2, 2023, you receive any gains on the portfolio investment associated with your initial deposit that are above 0.35%, after Save has deducted the management fee of 0.35%. Returns below 0.35%, Save will not charge a fee.
Save Market Savings Referral Example:
You receive a referral bonus in the form of equivalent portfolio investments. The investment for your referral program is made on January 1, 2022. On or after January 2, 2023, you will keep any returns on your referral investments above 0.35%. Below 0.35% return, Save will not charge a fee.