Increase your Black Friday value by spending with Save®.
Thanksgiving weekend is traditionally associated with two things: stuffing yourself into a food coma and catching Black Friday deals. For many, Black Friday is the start of the holiday, gift-giving season.
To get even more back from your spending this Black Friday, utilize your Save® Debit Invest card to get equivalent portfolio investments from your qualified Black Friday spending.
- For every $1 you spend, Save invests $1 on your behalf.*
- Your matched equivalent investments stay invested for a little more than a year.
- Then, once the investment matures, the returns from the investment (minus our fee) are deposited into your bank account as cash.
If you’ve been waiting to get your hands on the latest Dyson V11 Animal+ Cordless Stick Vacuum, you can buy it for $399.99 during Costco’s Black Friday sale, saving you about $180.
Perhaps you’ve been saving for the 65-inch Android Smart 4K TV. This Amazon Alexa-compatible smart TV offers all your favorite films, music shows, sporting events, and video apps in one place. At $299.99, it’s an item for your whole family to enjoy.
When you use your Debit Invest Card for these purchases and they qualify, Save will invest $699.99 on your behalf in equivalent portfolio investments.
If you choose Save’s Moderate Portfolio Strategy, the average annual return is 2.96%**. In a little longer than 12-months’ time, assuming a 2.96% annual return is achieved, you will be paid a cashback return of about $20.72 into your Save account.
With so many great deals, your spending soon adds up. A Spendmot report estimates “the average adult plans to spend $400 on Black Friday sales. Additionally, according to PwC, Americans expect to spend $1,300 during the full holiday season.”
If your holiday spending on your Save card is $1,300, then the potential return is about $38.48, assuming you selected Save Moderate Portfolio Strategy. With Save, there’s no cap on how much you can spend to earn equivalent matched investments.
By just using your Debit Invest card, you have the potential to boost the cash in your Save account by next Black Friday. This potential cashback offers you an even bigger discount.
Start spending with your Debit Invest card, join Save here.
Do you want to get ahead and boost your spending power by next Black Friday?
Save’s next product to launch is the Market Savings account. With this new account, the money you save will earn a market-linked return after a 12-month term. With average returns for the Premium account of 1.46%** and 1.03%** for the Core account, you have the potential to create even more wealth, just in time for all of your holiday spendings in 2022. Like the Debit Invest card, the Market Savings accounts are FDIC insured.
Save expects their accounts’ returns to earn several multiples more than other high-yield interest savings accounts.
What will you do with your extra savings next Black Friday? Tell us in the comments below. We’d love to know.
*For each qualified spend using the Save Debit Invest card, Save buys a strategy-linked security whose investment value is equivalent to the dollar spent.
**Average annual returns are based on hypothetical back-tested performance in the Save Moderate Portfolio Strategy from 2006 to present. Hypothetical back-tested performance is no guarantee of future performance and actual results will vary. Returns are subject to change daily. Minimum return will always be at least 0%. All return figures shown are for informational purposes only and are not actual customer returns. For more detailed information please see Hypothetical Back-testing.