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SaveBetter Review
SaveBetter is a financial technology company that helps you access high-interest savings accounts and Certificates of Deposit (CDs) from various financial institutions. With SaveBetter, you can earn better interest rates than what’s available at traditional banks.
In this review, we’ll cover what SaveBetter is, how it works, its features, products, and services. We’ll also address some common questions people have about SaveBetter and evaluate its pros and cons.
What is SaveBetter?
SaveBetter is a subsidiary of Deposit Solutions, founded in late 2020. The company provides a digital platform that connects customers with deposit products from over 400 banks in more than 30 countries.
Savvy investors can take advantage of offers they might not have otherwise discovered. SaveBetter promotes deposit products from FDIC-insured banks and NCUA-insured credit unions, which offer higher interest rates than traditional banks.
How Does SaveBetter Work?
Savvy investors can open multiple savings accounts from various banks and credit unions through SaveBetter’s platform. They can earn interest rates on their money without worrying about hidden fees or minimum balance requirements.
Key Features
| Feature | What You Get |
|---|---|
| Account Types | Savings accounts, money market accounts, CD accounts, and no-penalty CDs |
| Fees | None |
| Deposit Insurance | Yes, with FDIC and NCUA insurance |
| Customer Service Options | Email and phone |
| Customer Service Phone Number | 844-994-EARN (3276) |
| Web/Desktop Access | Yes |
| Mobile App Availability | No |
SaveBetter Products
Savvy investors can access savings products from multiple financial institutions through SaveBetter’s platform. They can find high-yield savings accounts, money market deposit accounts, fixed-term CDs, and no-penalty CDs from various banks and credit unions.
Some of the features of SaveBetter’s products include:
- Competitive interest rates from multiple financial institutions
- No fees for managing accounts
- FDAI-insured and NCUA-insured accounts for added security
- Easy access to funds through digital banking
- Tax reporting with a single 1099-INT document
Is SaveBetter Legit?
SaveBetter is a legit platform that connects you with trusted financial institutions. The company has been certified as SOC 2 compliant and uses advanced internet protection from Cloudflare to ensure secure online transactions.
Savvy investors can rest assured that their deposits are protected with FDIC insurance up to $250,000 and NCUA coverage for credit union products.
How to Get Started with SaveBetter
Savvy investors can sign up for a SaveBetter account in minutes. They can select the savings account type they want and create a profile. After verifying their identity, they can fund their account and start earning interest.
SaveBetter is free to use, with no fees for managing accounts or transferring funds. Savvy investors can take advantage of SaveBetter’s offers from multiple financial institutions and earn better interest rates than what’s available at traditional banks.
SaveBetter FAQs
Savvy investors often have questions about SaveBetter. Here are some answers to frequently asked questions:
How Much Does SaveBetter Charge in Fees?
SaveBetter does not charge any fees for using its platform. You can open and manage accounts without incurring any additional costs.
Why Doesn’t SaveBetter Charge Any Fees?
SaveBetter generates revenue by charging financial institutions to market their products to SaveBetter customers. By charging banks and credit unions, SaveBetter can offer customers free services and higher interest rates.
How Can I Reach SaveBetter for Any Questions?
You can contact SaveBetter’s customer service team by email or phone. The team is available to answer questions Monday through Friday between 9 AM and 4 PM EST.
Conclusion
In conclusion, SaveBetter is a great way to earn higher interest rates on your savings than what’s available at traditional banks. With its digital platform, you can easily open and manage accounts from multiple financial institutions without incurring any fees. SaveBetter is a legit platform with SOC 2 certification and advanced internet protection, ensuring your deposits are secure.
FAQs
- Is SaveBetter legit?
- What does SaveBetter charge in fees?
- Why doesn’t SaveBetter charge any fees?
- How can I reach SaveBetter for any questions?
No, SaveBetter is a subsidiary of Deposit Solutions.
SaveBetter does not charge any fees for using its platform.
SaveBetter generates revenue by charging financial institutions to market their products to SaveBetter customers.
You can contact SaveBetter’s customer service team by email or phone, available Monday through Friday between 9 AM and 4 PM EST.
Author: www.goodfinancialcents.com
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