The core investment philosophy of Save is to generate stable returns on savings or deposit instruments and other cash accounts using market investments that do not require any customer outlay of capital but, rather, utilize the economic value of that cash or cash transactions as its principal. The investment objective of the Debit Invest Wrap Program is to enhance the economic value of cash and cash transactions in a customer's transaction account using Save's core investment philosophy.
In that regard, the Debit Invest Wrap Program aims are to capture for the customer a portion of the economic value generated by debit card transactions and to invest this economic value in the market. Any economic value is funded by Save partner banks and payment networks and there is no requirement for customer outlay of their own capital, nor do we fund it from customer accounts. All cash deposited by customers is placed in an FDIC insured bank account and is not used to fund investments and is therefore not at a risk of loss.