Save makes savings social. Refer friends and family to Save, and watch your investment returns grow together.
Financial institutions are expected to spend $30.75 billion on digital advertising by the end of this year. The aim of their advertising efforts, like any business, is to generate awareness and get potential clients to open new accounts.
At Save, we’d rather invest our available resources into improving our customers’ investments. This is why we’ve created a referral program that encourages happy customers to introduce friends who could also benefit from higher returns to Save.
Save’s referral program is easy:
1. Simply share your unique referral link and invite as many friends as you’d like.
2. When a friend signs up and funds their account, Save will add up to $5,000 in equivalent portfolio investments†† for you and your friend.
3. After a year, you both get to keep the returns (minus our fees, if applicable) from your investments without any risk to you.
Equivalent portfolio investments are investments we purchase on your behalf without taking any money from your account to fund them. This means we only use the economic value of your deposits to finance the investments, not your actual deposits, so your money is never at risk.
When your referral opens and funds a Market Savings term, you’ll each receive a bonus of $5,000 in equivalent portfolio investments.††
The equivalent portfolio investments will then be added to your chosen investment portfolio and invested for a year. While you don’t get to keep the market investments, you do get to keep all the returns they generate (minus our fee).
What kind of returns could you get from referrals?
For example, if you successfully refer three friends that open and fund a Market Savings term, you’ll receive $5,000 in equivalent portfolio investments for each referral,†† to add to your chosen portfolio.
| Referrals | Referral bonus (equivalent portfolio investments)†† | Sample return | Potential investment returns | |
| You | 3 | $15,000 | 3.50%* | $525 |
| Each friend you refer | N/A | $5,000 | 3.50%* | $175 |
Successfully referring three friends can potentially earn you $525 in investment returns, while they earn $175 each. To ensure you receive all the potential returns from your referral bonuses, the investments must be held in your account until maturity and can’t be withdrawn.
As you can see, the Save referral program was designed to give our customers measurable gains in terms of actual returns.
Since joining Save, one customer has set out to build their very own savings squad and invited 24 friends and family members to sign up. Each successful referral will earn them a referral reward of $5,000 in equivalent portfolio investments.††
| Referrals | Referral bonus (equivalent portfolio investments)†† | Sample return | Potential investment returns |
| 24 | $120,000 | 3.50% | $4,200 |
Assuming all 24 referrals are successful, the referring customer will receive $120,000 in equivalent portfolio investments and potentially earn $4,200 from our referral program alone. These referral rewards will significantly boost the customer’s already existing earnings from banking with Save.
Do you have friends who could benefit from higher returns on their savings? Reward them and yourself. The more friends you refer to Save, the higher the savings opportunity.
