Save Signed Investment Plan For Free

What are Saving and Investment Plans? Saving and investment plans help you accumulate funds over a period of time. Depending on the type of financial goal you have ? short-term or mid-term, or long-term, you can choose the period of investment. It is not necessary to stay invested in saving plans for at least 5 years.

Are Save Market Savings deposits federally insured? Yes, your deposits ? but not your investment returns, if any ? are insured up to $250,000 per person by the Federal Deposit Insurance Corporation (FDIC #18221) through Webster Bank, N.A., Member FDIC?.

Every Save® account is connected with a FDIC-insured bank account. Your deposits are never at risk.

What are the safest investments? The safest investments are considered FDIC-insured high-yield savings accounts and CDs or government-issued bonds like I-Bonds and T bills. Investments with some risk include corporate bonds, annuities, dividend stocks, and real estate.

Save, also known as Save Advisers LLC, is a fintech company that partners with Webster Bank (FDIC #18221) to offer a savings account that claims to earn an APY that's higher than market rates for typical savings accounts. As I'll explain below, they do this by pairing your savings with an investment account.

Many high-yield savings accounts from online banks offer rates from 2.05% to 2.53%. On a $250,000 portfolio, you'd receive an annual income of $5,125 to $6,325 from one of those accounts.

The funds held in your Market Savings account are FDIC insured, which means that up to $250,000 of the funds are protected. When Save invests on your behalf, those investments are SIPC protected, which means invested funds aren't protected against market downturns.