Save® Market Savings accounts move the decimal point on average savings products

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With average annual potential returns of up to 7.32%1, a Market Savings account can give your money a real chance to grow.

With average annual potential returns of up to 7.85%1, a Market Savings account can give your money a real chance to grow.

Editor’s note: Average annual returns reflect the prevailing deposit rates in June of 2022 and are based on hypothetical back-tested performance in the Save Moderate Portfolio from 2006 to present and are shown net of fees. To get the most up-to-date returns, visit joinsave.com/marketsavings.

Whether you’re saving for a downpayment on your first home or building a rainy day fund, putting money away in a high-yield savings account is a good idea. 

Today, the average US savings account rate of return is only 0.07% per year. Even some of the highest-yielding savings accounts earn between 0.50% to 1% APY, meaning a $1,000 deposit in a 0.50% APY savings account will return no more than $5 in a year. 

As record-high inflation continues to reduce the value of your money, your run-of-the-mill savings accounts are no longer helping your cash cushion grow, which is why Save® created Market Savings accounts

The Market Savings account potential annual returns
The Market Savings account’s potential annual returns.

The Market Savings account is like the unicorn of savings accounts — it delivers an average annual return potential of up to 7.85%1, giving your money a chance to grow effortlessly.

Save can achieve such high return potential1 by investing an amount equal to your deposit amount in a diversified market portfolio based on your risk preferences. While typical investments in the market can be risky, your Market Savings deposits are FDIC-insured2, meaning 100% of it is protected to the maximum allowed by law. 

That’s what makes it so unique — you get the security of a bank account and the earning potential of an investment portfolio. Maximizing your current savings account’s earning potential will help you build wealth faster. Here’s how:

Let’s assume you have $5,000 in savings you’d like to put towards a honeymoon fund. Every time you make a new deposit, you pick one of three investment terms:

The term you choose depends on your ideal timeline or savings goal. For example, if you’re saving for a trip you’re planning to take in the next year or two, you can deposit your money (or part of it) in a 1-year or 2-year term deposit. Since the Market Savings account requires a minimum account balance of $1,000, your initial deposit should be $1,000 or more. 

If you have long-term savings goals, you can choose a 5-year investment term. The longer your savings timeline is, the higher the average annual return potential. 

Market Savings Deposit 1-year term potential return2-year term potential return5-year term potential return
$5,000$5,1181$5,4141$6,9621

In 5 years, your honeymoon fund could potentially grow by $1,962. Now imagine you kept your money in a “high-yield” savings account with a 1% average annual return:

DepositHigh-yield account Year 1High-yield account Year 2High-yield account Year 5
$5,000$5,050$5,100$5,250

Leaving your money in an account that barely grows means you miss out on potentially earning more from your savings.

You also won’t be charged any start-up or monthly fees by Save. Save only charges you a management fee of 0.35% per year, unless your returns are less than 0.35%. Then, the fee is waived. There’s also no limit on how much you can earn, all the investment returns are yours to keep — no matter how big they are. 

How far will your current savings account take you? No matter your financial goals, the Market Savings account can potentially get you there faster without risking your deposit. 

Click here to learn more about the Market Savings account and its features. 

1 Average annual returns reflect the prevailing deposit rates in June of 2022 and 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. Returns are subject to change daily. For client accounts, the average annual return percentage calculated across the full term length of investment will never reflect returns of less than 0%. Calculations of average annual returns based on hypothetical back-tested performance across any term length of investment greater than one (1) year are based on an assumption of sequential reinvestment of the principal and any returns of each such security into a new hypothetical strategy-linked security effective on the maturity date of the predecessor security. All return figures shown are for informational purposes only and are not actual customer returns. For more detailed information please see https://joinsave.com/hb-moderate.

2 To obtain FDIC-insurance coverage on your behalf, Save Advisers partners with various FDIC-insured member banks. The funds you provide will be deposited into accounts at one or more FDIC-insured partner banks. FDIC insurance coverage is limited to not more than $250,000 per qualified customer account per bank. Actual deposit insurance coverage may be lower if you have other funds deposited at the partner bank. You are responsible for determining the amount deposited in each account at the partner banks, and for monitoring the total amount of your deposits at each partner bank, 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 initial funds you provide will be deposited with the partner banks and will be eligible for FDIC insurance. Market returns are held in your Save account and are not FDIC-insured, are not bank-guaranteed, and may lose value. Maximum balance and transfer limits apply. Neither Save Advisers, nor its affiliates, is a bank. Apex Clearing Corporation is a member of 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, your investments are protected 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.

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