Michael Nelskyla

Save Launches ESG Investing Product

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Pymnts
December 29, 2022

Save has launched a savings product that is focused on ESG investing. 

The investment advisor and banking solutions provider said in a Thursday (Dec. 29) press release that its Market Savings program offers an option that provides a yield from iShares ESG Aware exchange-traded funds (ETFs) and other ETFs. 

The ESG Market Savings portfolio aims to maximize environmental, social and governance (ESG) characteristics and exclude companies with certain practices, according to the press release. 

Since the launch of this ESG portfolio, about 10% of the people who have signed up to Market Savings have selected the Save ESG portfolio, the release said. 

“Consumers are increasingly turning to ethical choices in all aspects of life including investments,” Save Founder and CEO Michael Nelskyla said in the release. “We see it as our fiduciary responsibility to offer ethical investing through our Market Savings program for those consumers who seek these choices.” 

In addition to offering this sustainable savings option, Save is collaborating with Reforest’Action and underwriting the planting of one tree for every $5,000 deposited in its ESG Market Savings, up to $250 million in deposits, according to the press release. 

The Market Savings program on Save’s Savetech platform offers a yield that varies according to underlying market performance, and customer deposits are FDIC insured, the release said. 

In another recent embrace of sustainability goals, Egyptian financial firm Contact said Dec. 26 that it is offering a new product dubbed “Green Finance” that lets consumers pay in installments with “monthly and quarterly repayment systems reflecting Contact’s understanding of agricultural activity and its cash flow cycle.” 

Contact’s product will fund projects such as solar panels, irrigation systems and greenhouses, as well as sustainable farming efforts. 

An additional approach to supporting ESG goals is being delivered by providers of regulatory technology (RegTech) that build a detailed picture of the carbon emissions and fossil fuel exposure of complex financial instruments. 

As PYMNTS reported Oct. 2, these RegTechs employ both the financial data that they and rating agencies have always mobilized as well as alternative datasets that have not traditionally been exploited, such as industrial information, ESG reports, corporate relations data and various third-party datasets. 

Established firms in the space like Moody’s, S&P and MSCI have all built their own ESG ratings tools, while more niche players have also built solutions for investors looking to get a better understanding of their portfolios. 

Read more: https://www.pymnts.com/partnerships/2022/paymob-and-foodics-team-on-pos-tech-for-egyptian-restaurants/

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The discussion is not meant to provide any legal, tax, or investment advice with respect to the purchase of an insurance product. A comprehensive evaluation of a consumer’s needs and financial situation should always occur in order to help determine if an insurance product may be appropriate for each unique situation.

Nick DesrocherSave Launches ESG Investing Product
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Introducing the Save® Wealth card, the world’s first high yield credit card that provides market returns instead of points or cash back

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As seen on Yahoo News

HOUSTONJan. 21, 2022 /PRNewswire/ — Save®, a fintech company that helps consumers earn a higher yield on cash and spend, announced their partnership with Visa, a world leader in digital payments, today for the launch of the first Save Wealth credit cards in February 2022.

The Save Wealth Premium credit card is expected to have the highest return potential of any premium card available with an average return of 6% annually1 on all purchases with no caps, category restrictions, or minimums. The card returns aren’t guaranteed, and the customer may receive more or less than the average returns depending on market performance. The Premium Wealth card has an annual fee of $750 and will also provide access to typical premium card benefits including increased investments and yield potential for purchases done with Save preferred brands Tesla, Apple, Microsoft, Samsung, Amazon, Wholefoods, SoulCycle, and Peloton.

The Wealth card will match customers’ spending with investments in personalized portfolios which are expected to include globally diversified allocations, sustainable investments, and alternative assets with managed crypto exposure. Customers keep all the returns of the investments (minus the Save Wealth management fee of 0.79%), with a minimum return of 0%. Early adopters of the card will receive $10,000 in equivalent investments2 for signing up to receive the card. Existing customers can receive $5,000 in equivalent portfolio investments3 for referring others to the Wealth card. Both receive the returns of any such investments after one year.

Read More: https://finance.yahoo.com/news/introducing-save-wealth-card-worlds-140000023.html

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The discussion is not meant to provide any legal, tax, or investment advice with respect to the purchase of an insurance product. A comprehensive evaluation of a consumer’s needs and financial situation should always occur in order to help determine if an insurance product may be appropriate for each unique situation.

Ashley SaundersIntroducing the Save® Wealth card, the world’s first high yield credit card that provides market returns instead of points or cash back
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Episode 125: Earning Higher Safe Interest On Your Saving With Michael Nelskyla

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Can a fintech solution help your clients keep their cash safe but potentially grow it? Today we talk with Michael Nelskyla, founder and CEO of SAVE about his solution. Michael was a pioneer in creating custom indices for insurance products and will talk about the overlap in customer needs and expectations will change in the future.

Links mentioned in today’s show:

https://joinsave.com/ref/N8499ED

 

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The discussion is not meant to provide any legal, tax, or investment advice with respect to the purchase of an insurance product. A comprehensive evaluation of a consumer’s needs and financial situation should always occur in order to help determine if an insurance product may be appropriate for each unique situation.

Ashley SaundersEpisode 125: Earning Higher Safe Interest On Your Saving With Michael Nelskyla
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