A New Way to Manage
Client Cash

The Market Savings program is a unique offering that allows your clients to continue to invest in the market without risking their underlying capital. Additionally, it allows your business to invoice clients for funds that are being held as cash.

Save will open a savings account at Customers Banks (FDIC-insured) and an investment account at Apex Clearing (SIPC-insured) on behalf of your client. The deposit will be transferred from the client to the Customers Bank savings account. Note that your client’s deposit will not be invested and will remain at Customers Bank.
Save will make an investment in the selected portfolio. This investment will be held in the Apex account. For a 1-year term, the investment will mature after one year and one day.
On a daily basis, you will be able to see your client’s investment performance in the portal.
At the end of the investment term, any gains are returned to the client’s investment account. After completing any required documentation, the client can renew for a new term or redeem and close the program. If the performance is negative with no gains, the client’s principal remains intact.

After you make a deposit, Save’s investment team works with our partners to fund investments in your selected portfolio which will accumulate a market linked return or APY. Your market linked returns could be higher or lower than expected depending on the performance of the portfolio, but they can never be lower than zero. Below are examples of two market scenarios for illustrative purposes:

Positive Market

Investment Date (initial purchase)
On 6/16/2023, CUBI purchases Risk Controlled S&P500 index exposure equaling a 0.92 multiplier with an Index price of 248.51

Maturity Date
On 6/17/2024, investments mature one year later at a Risk Controlled S&P500 value of 284.60. Gain equals (284.60-248.51)/248.51 multiplied by 0.92, which is 13.4%.

The multiplier determines how much of the underlying investment portfolio return is contributed to the program return. If the multiplier is 0.92, the program return will be 92% of the gains generated by the underlying investment portfolio. The multiplier is a function of funding levels and the cost of investment exposure.

Negative Market

Investment Date (initial purchase)
On 2/2/2022, CUBI purchases Risk Controlled S&P500 Index exposure equaling a 0.92 multiplier with an Index price of 251.032.

Maturity Date
On 2/2/2023, investments mature one year later at a Risk Controlled S&P500 Index value of 239.76. Return is negative, which produces zero product gain (but no loss).

The multiplier determines how much of the underlying investment portfolio return is contributed to the program return. If the multiplier is 0.92, the program return will be 92% of the gains generated by the underlying investment portfolio. The multiplier is a function of funding levels and the cost of investment exposure.

As an advisor, you will be charged the Save sub-advisory management fee of 0.35% on the client’s investment amount. Save Technologies will invoice you at the end of the client’s investment term.

To add a new client to your advisor portal, log in to your account and navigate to the “Add a Client” tab in the left navigation bar. From there, follow the steps, including inputting the client’s personal details, regulatory information, investment goals, funding information, and more. Optional personal details include adding a beneficiary, which we highly recommend adding.

The Customer’s Bank Market Savings program is a savings product that allows your clients to get more from their savings by investing in the market without risking their deposit. The client’s cash deposit is placed in an FDIC-insured account and is not used for investments. Independently of the deposit, Save will make an investment on behalf of the client based on the chosen portfolio. That way your clients get access to the market and full protection from any downside.
So, in unfavorable market conditions when for example fixed-income savings options are not paying off and you would choose to hold cash for your client, Market Savings is a good option. You maintain the deposit value due to FDIC insurance and get upside potential for your client.

Your clients cannot sign up. You as an investment advisor manage the signup process. However, they will be required to confirm participation in the Customer’s Bank Market Savings program by signing all account opening or closing documentation.

The Customer’s Bank Market Savings Program allows you to charge an investment management fee on client funds that is stored as cash.

Contact Save Technologies on 254-284-Save (7283). Monday - Friday 9 a.m. - 5 p.m. CST, excluding holidays. For email and chat please visit Save’s Contact page.

Save utilizes two accounts; one deposit account with our partners at Customers Bank, and one investment account with our partners at Apex Clearing Corporation. For the Market Savings program, all cash deposited by customers is placed in an FDIC-insured bank account and is not used to fund investments and is therefore not at risk of loss. It is important to note that Save is not a bank, but we partner with FDIC-insured member banks.
This allows the principal to be FDIC-insured, and invest equivalent portfolio investments at the same time. Equivalent portfolio investments mean to essentially take the economic value of the deposits and purchasing an equivalent investment on the behalf of the client. Save buys strategy-linked securities whose value is equal to the notional value of the purchased strategy-linked security. The notional value accounts for the total value of the position, vs. market value which is the price at which that position can be bought or sold in the market.
Any equivalent investment is funded by Save partner banks, not from customer deposit accounts, and there is no requirement for customer outlay of their own capital.

Yes. You can see the actual return performance of 1-year Market Savings programs since the month of program inception here.

Because each deposit is matched with investments based on the term selected, you will not be able to partially withdraw funds from a given deposit. Instead, the entire deposit and its corresponding investments must be closed in full.Save advises that you leave your deposits in place for the investment's full term to both maximize your variable return potential and avoid costs that may incur in association with early withdrawal from a program.

Any equivalent investments purchased by Save on your client’s behalf are invested in the investment portfolio and returns made from those investments are deposited to the linked account on file.
Save’s portfolios are designed to stay invested for the full term, and the shortest term is one year. Should you decide to close your term before then, the investment matches would not be fully matured. Save as an financial advisor, suggests that you leave your money until the term reaches maturity. Please also note that any account restriction such as an account suspension or account termination may also affect your investments.