Last Updated: 04/18/2025
SuperMoney User Recommendation Score -100
Strongly not recommended5 total votes
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Highlights
Community Rating
Strongly not recommended
APY (Annual Percentage Yield)
0% - 9.84%(Verified 06/21/2024)
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Minimum Opening Deposit
$1,000
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Minimum Balance to Earn APY
$1,000
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Number of Reviews
Save Market Savings Review
Save Advisers LLC is a nonbank financial services provider founded in 2019 and based in Houston, TX. Save Market Savings is a hybrid product and service that includes a deposit account linked to an investment product. The deposit account portion is provided by Webster Bank, N.A., Member FDIC†. Customer funds will be deposited into non-interest-bearing accounts at Webster Bank, N.A., Member FDIC†. The investment portion of the product and service is provided by Save Advisers LLC. Save Advisers LLC nor its investment affiliates, are a bank. Save Market Savings is available in 50 states (and Washington, DC).
Key Takeaways
- Get market-driven APY* and FDIC insured deposits†. Deposits insured by Webster Bank, N.A., Member FDIC†” and “Market-driven APY* by Save." Replacing the typical savings account interest with investments, Market Savings combines the security of FDIC-insured bank deposits with the upside potential of market returns. So your savings get a chance to truly grow — without risking your deposit.
- The potential to earn investment returns on your deposit that exceed the annual percentage yield (APY) offered on typical interest-bearing savings accounts. This account offers the potential for an annual percentage yield of up to 9.84%*, which is higher than the average interest rate for a typical interest bearing savings account. However, please note the Market Savings variable APY is based on market returns and the actual return APY could be as low as 0%.
- No monthly maintenance fees. This account does not charge any monthly account fees.
- $1,000 minimum opening deposit. This is a typical minimum initial deposit.
Save Pros & Cons
| Pros | Cons |
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Save FAQ
Are Save Market Savings deposits federally insured?
Yes, your deposits — but not your investment returns, if any — are insured by the Federal Deposit Insurance Corporation (FDIC #18221) through Webster Bank, N.A., Member FDIC† . The FDIC is an independent agency of the United States government that protects you against the loss of your insured deposits if an FDIC-insured bank or savings association fails. FDIC insurance is backed by the full faith and credit of the United States government.
Does Save Advisers LLC offer a signup bonus?
Save doesn't offer a signup bonus.
What is the minimum initial deposit for Save?
The minimum deposit to open a Save is $1,000.| Description | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Minimum Balance to Earn APY | $1,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Minimum Opening Deposit | $1,000 (see terms and conditions) | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
What APY* does Save Market Savings offer?
Save offers a variable APY* starting from 0% and ranging up to 9.84% based on your market-driven investment returns.
What fees does Save charge?
Save does not charge a monthly service fee. See the fee breakdown section below to view all fees.
What features and perks does Save offer?
This savings account includes the following features:
- Mobile Banking Services - Save allows you to manage your money online or with a mobile app.
Can you set up a direct deposit to Save?
No Save does not support direct deposits.
What is the customer support email for Save?
The customer support email for Save is support@joinsave.com.
How do people rate the customer service and user experience of Save?
Overall, Save is strongly not recommended based on community reviews that rate customer service and user experience.
Save Market Savings Disclosure: *Generally, an APY (or annual percentage yield) is the yearly return on a bank or investment account. Save Market Savings is a hybrid product and service that includes deposit account linked to an investment product. The deposit account portion of the Save Market Savings product and service is provided by Webster Bank, N.A., Member FDIC; and is non-interest bearing with a 0% APY. The investment portion of the Save Market Savings product and service offers the potential to earn an APY with a variable rate (Variable APY). The Variable APY, if any, is derived from the investments made by Save on behalf of the customer within Save’s portfolio of strategies over the duration of term length selected by the customer. The Variable APY, if any, will be equal to the cumulative return for the investments selected for you by Save for the term selected on the applicable maturity date. The Variable APY may be 0% but will never be less than the Minimum Variable APY of 0% per annum. Assuming a minimum Variable APY of 0% per annum, if the Variable APY applicable to a particular maturity date is less than or equal to the Minimum 0%, the customer will not receive any Variable APY return for that investment upon maturity. Variable APY’s are subject to change at any time. Variable APY is not guaranteed. The Variable APY presented is hypothetical in nature and reflects the potential growth that could accrue if the investment is held for the entire term selected. Variable APY’s are based on hypothetical back-tested performance in the Save Moderate Portfolio from 2006 to present and are shown net of fees. Hypothetical back-tested performance is no guarantee of future performance and actual results will vary. For more detailed information please see Hypothetical Back-testing: https://joinsave.com/legal-hypothetical-back-testing.
The minimum deposit amount is $1,000 for the 1-year term and $5,000 for the 2-year and 5-year term. Deposits are FDIC-insured up to the maximum allowed by law, $250,000 per depositor, per bank. Management Fees associated with the investments may reduce earnings on the account. Customer withdrawal prior to maturity could result in additional associated costs.
† To obtain FDIC insurance coverage, customer funds provided will be deposited into non-interest-bearing accounts at Webster Bank. FDIC insurance coverage for funds deposited at Webster Bank is limited to not more than $250,000 per depositor, per FDIC-insured bank, per ownership category. Actual deposit insurance coverage may be lower if you have other funds deposited at Webster Bank, N.A.. Customers are responsible for determining the amount deposited in each account at Webster Bank, N.A., and for monitoring the total amount of their deposits at Webster Bank, N.A., to determine the extent of available FDIC insurance coverage in accordance with FDIC rules. Learn more at: https://www.fdic.gov/deposit/deposits. Only the funds customers provide and deposit with Webster Bank, N.A. will be eligible for FDIC insurance. Webster Bank is not providing any investment advice or responsible for the purchase or performance of any investment contracts. The funds held in the Apex Clearing Corporation accounts are not FDIC-insured, are not bank guaranteed, and may lose value with a minimum return of zero. Maximum balance and transfer limits apply. Neither Save Advisers, LLC, nor its affiliates, are a bank. Apex Clearing Corporation is a member of the Securities Investor Protection Corporation (“SIPC”), formed by Congress to protect “customers” of broker-dealers and to promote public confidence in the U.S. securities markets. Customers of a SIPC Member that fails financially are afforded certain benefits under the Securities Investor Protection Act (“SIPA”). These benefits are relevant only if the broker-dealer that “carries” a customer’s account fails and is liquidated under SIPA. At Apex Clearing Corporation, your investments are protected by SIPC up to a maximum of $500,000 total, including $250,000 in cash balances. Coverage limitations apply. To learn more about SIPC coverage, visit the SIPC website at www.sipc.org.
†† Save Referral and Bonus Programs: For each successful referral, Save buys strategy-linked securities for each party whose investment value is equivalent to $3,000 for Market Savings.
SuperMoney Disclosure: SuperMoney.com is an independent, advertising-supported service. The owner of this website may be compensated in exchange for featured placement of certain sponsored products and services, or your clicking on links posted on this website. Read more...
Editorial Disclaimer: Editorial and user-generated content on this page is not provided or commissioned by the issuer. Opinions expressed here are the author's alone and have not been approved or otherwise endorsed by any financial institution, including those that are advertising partners.
Message from Save
Contact
Headquarters
Hours of Operation
Sunday
Closed
Monday
9:00AM - 5:00PM
Tuesday
9:00AM - 5:00PM
Wednesday
9:00AM - 5:00PM
Thursday
9:00AM - 5:00PM
Friday
9:00AM - 5:00PM
Saturday
Closed
Other Services by Save Advisers LLC
SuperMoney Net Recommendation Score
SuperMoney users don't recommend this product, giving it a user recommendation score of -100, or 1 on a 5-point rating scale.
-100
-1000+100
No one recommends
Everyone recommends
Save Market Savings Community Reviews
Would you recommend Save Market Savings to your friends?
Cynthia A.
Aug 25, 2024
May or may not recommend
It is secure in terms of you'll get back your initial investment but the chance of you making hardly any profit is quite the case. I invested in 08/23 and my account just came to maturity, I put 10K in total, the first 5K just reached maturity, and after their fees I received $44.16 that's less than 1% return 0.88% to be exact. I would have put my money in ...Show More
SK
Serg K.
Jun 17, 2024
May or may not recommend
It’s a scam company. I gave them $150000 for 1 year into three investment accounts.
The first $50000 was into the conservative portfolio. after 12 months of maturity, I have to wait another 3 weeks for the transfer back to my account. I got back after almost 13 months $50,000.01
The other two with $50000 each were the same story. The return was $50,000.00 and $50,332.00.
The total of $150,000.00 for almost 13 ...Show More
KK
Kevin K.
Jun 5, 2024
May or may not recommend
Absolute and total scam. Finally have all my money back, so here you go. Principal is safe, but you're giving them an almost interest-free loan of your money to invest. Here's my experience:
Date invested Rate "promised" Rate returned
1/18/23 7% ...Show More
JR
Jay R.
May 1, 2024
May or may not recommend
Absolute Scam of a company, just take your money and make it hard for you to get it back, interest is not higher than banks, it is almost nothing
U
Anonymous
Apr 25, 2024
May or may not recommend
I signed up for Save thinking they were a high-yield savings through Webster Bank. Save bragged of 5-7% rate. At the very end I realized they had disguised themselves and I tried to get out of it. When I called they threatened me with huge fees and insisted I ride out the year and that I would be pleased. The year ended a month ago, I invested $10k and received ...Show More
Showing 5 of 5 reviews
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