Innovative Digital Savings Platform

Tuesday, November 3rd, 2020

If you’re looking for non-bank solutions to save money, then this new digital saving platform may be the right remedy.

SaveBetter.com is a US saving website that links savers with American banks digitally while promoting the deposit market. 

The platform was rolled out by Deposit Solutions, and is sponsored by capable shareholders, including Greycroft and PayPal Co-creator Peter Thiel. 

Consumers looking to save and gain access to an increasing range of deposit products will enjoy more choices, security, and convenience the portal offers. It facilitates expedient and better savings for users, all backed by FDIC-insured banks.

Platform users can deposit finances with or minus new bank accounts with the various financial institutions. And to increase saving flexibility, SaveBetter.com allows customers to deposit funds into multiple banks.

According to PayPal’s founding partner Peter Thiel, the rollout of Deposit Solution’s SaveBetter.com presents new capabilities to America’s large deposit market. Deposit Solutions may change the deposits industry the same way PayPal revolutionized payments.”

With the same breath, it will benefit US banks by exposing them to a countrywide market of savers, to whom they can sell deposit services. 

 ¨Our portal offers US banks a nationwide reach, consequently helping them build their reserves through retail deposits. This is the United States’ first-ever deposits solutions to link savers and banking institutions via a digital platform, with a win-win for both in mind.” explains Philipp von Girsewald, Chief Executive of Deposit Solutions. “The dawn of SaveBetter.com will further fuel America’s growing digital banking industry, which has expanded exponentially in the heat of Coronavirus.” 

 Tim Sievers, Creator of Deposit Solutions, said, “The launch of SaveBetter.com is a reinforcement of our dream to pioneer new infrastructure for the global deposits industry. We’re privileged to be the first firm to run a deposit business both in Europe and America.”

Sievers also hinted that Savebetter.com is only the start of things.

“We are now getting ready to increase the product options on the platform and attract more partners,” he said.

Final Words 

Thanks to Deposit Solutions, US savers can now lock away savings effortlessly in various banks. Financial institutions also have access to a broader customer base and a chance to stabilize their bottom line through retail deposits.  

Platform users can deposit finances with or minus new bank accounts with the various financial institutions. And to increase saving flexibility, SaveBetter.com allows customers to deposit funds into multiple banks.