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 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 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, 2023. On or after January 2, 2024, you will keep any returns on your referral investments above 0.35%. Below 0.35% return, Save will not charge a fee.