SavvyFi is a digital investment adviser registered with the Securities and Exchange Commission.

Our innovative technology makes it hassle-free and inexpensive for employers to offer college savings and student debt repayment benefits to their entire workforce.

1. Employees sign up during open enrollment – All employees need to complete signup is their work email address, basic information about themselves, information about who they are saving for, and their bank account.
2. A 529 account is automatically opened – Once employees input their information online, a 529 account is automatically opened.
3. Employees make contributions – Employees can make contributions from their own bank accounts, or they can use SavvyFi’s gifting and cashback rewards features to save without using their own income. All contributions are automatically invested in an enrollment-date investment option provided by Vanguard.

An enrollment-date investment automatically selects and manages investments based on the age of the employee’s “beneficiary” (i.e., who they are saving for). All contributions will be invested in an enrollment-date option provided by Vanguard.

A 529 account, which is the underlying financial account offered through SavvyFi, offers tax benefits when used to save and invest for K-12 tuition, college costs, and student loans.

For more information on 529 plans, see our page What is a 529?

Everyone! Your employees can open an account for their children, grandchildren, nieces, nephews, and even the neighbor’s kid – as long as your employees have the future grad’s social security number.

Your employees with student debt can even open an account for themselves and use SavvyFi’s cashback rewards feature to pay down their debt more quickly.

Employees who shop online, make purchases in-store or book travel through SavvyFi’s cashback rewards program can earn up to 30% of their purchase in cashback to their 529 account.

Our cashback program covers 10,000+ merchants including major brands such as Target, Home Depot and Walmart. Employees can also earn with local merchants such as the neighborhood pizza shop.

Employees self-enroll online with any device by clicking a signup link that can be distributed to employees through email or their benefits administration system.

SavvyFi costs $5 per month per enrolled employee. This fee covers financial infrastructure and money transfer costs, SavvyFi’s gifting and cashback rewards features, and customer support operations.

No app needed! Your employees don’t have to download yet another app onto their phone because SavvyFi is web-based. No matter the device, either desktop or cellphone, our platform offers the same great user experience.