If the market drops during my deposit term who suffers the losses?

Your Market Savings deposit is placed with Webster Bank, N.A., Member FDIC,³ and 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.

Should the Market Savings APY* be zero or negative, then you will receive zero APY on your investment component. Despite this, your initial deposit stays FDIC insured,³ up to the maximum allowed by law, which is $250,000 per qualified customer account per bank. When your Market Savings term fully matures, you get your initial deposit back, plus any potential APY.* If desired, you can withdraw your Market Savings deposit earlier. Your Client Account may be subject to certain costs for early withdrawal.