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Discover the Benefits of Wallet's Savings Vault: A Secure and High-Earning Savings Solution

Writer's picture: Zev GreenZev Green

Introduction:

Wallet is dedicated to providing Banking for Everyone, and part of that commitment includes offering a secure and high-earning savings solution. Introducing our Savings Vault account - designed to keep your money safe while helping it grow. In this article, we'll delve deeper into why we call our savings account the "Savings Vault" and the unique features that set it apart from other savings accounts.


Safety and Security:

The name "Savings Vault" was inspired by our desire to provide customers with a sense of safety and security for their hard-earned money. The Savings Vault ensures that your funds are protected, with a focus on saving and growth rather than spending.


Unique Features:

One of the key features of the Savings Vault is its separation from ACH transactions, ATM access, and the absence of an associated Mastercard. This design intentionally prevents spending from your savings, enabling you to concentrate on growing your money.


High-Earning Potential:

Both our Checking and Savings Vault accounts offer an impressive 3.75% APY, emphasizing our commitment to helping you earn more on your money. The Savings Vault embodies the notions of earnings and safety, making it a reliable and rewarding banking experience for our customers.


Conclusion:

The Savings Vault aligns with Wallet's mission to provide Banking for Everyone by offering a secure, high-earning savings solution that promotes financial stability and growth for all. With its unique features and focus on safety, the Savings Vault is designed to help you master your savings journey.

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IDT Payment Services, Inc. DBA elroy (formerly Wallet by BOSS Money) is a financial technology company, not a bank. elroy Checking Account and Debit card are provided by Evolve Bank and Trust, Member FDIC. Your deposits are FDIC insured up to $250,000 through Evolve Bank and Trust. The elroy Mastercard® Debit Card is issued by Evolve Bank and Trust, Member FDIC, pursuant to a license from Mastercard®. See your applicable cardholder agreement for details.

Certain services are offered through Synapse Financial Technologies, Inc. and its affiliates (collectively, “Synapse”). Synapse is not a bank and is not affiliated with Elroy. Brokerage accounts and cash management programs are provided through Synapse Brokerage LLC (“Synapse Brokerage”), an SEC-registered broker-dealer and member of FINRA and SIPC. Additional information about Synapse Brokerage can be found on FINRA’s BrokerCheck. See Synapse Terms of ServicePrivacy Policy, and the applicable disclosures and agreements available in Synapse’s Disclosure Library for more information. The Partner Financial Institution(s) participating in a Synapse cash management program can be found in the List of Program Banks.

Money transfer services are provided by IDT Payment Services, Inc., a licensed money transmitter (NMLS 935577, MA FT935577), or IDT Payment Services of New York LLC, licensed as a Money Transmitter by the New York State Department of Financial Services. 520 Broad Street, Newark, NJ 07102

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