A college education is often a big part of financial planning, but it can be difficult to figure out how best to save for it. We’ve created a simple financial platform that quickly sets up college saving accounts for anyone. With SavvyFi’s intuitive technology, you can easily enroll yourself, a child, or a loved one in a 529 savings plan.
Easy to use website makes signup simple.
Shopping builds up savings at no cost to you.
Our web-based platform requires no app download. You can create an account and add a beneficiary with only their social security number, name, and address. All information on SavvyFi is encrypted and secure.
You can see your plan come together with SavvyFi’s intuitive dashboard. You can change your contributions, invite friends and family to send gifts, and track your progress. You can also choose a monthly savings goal that fits within your budget. You’ll always be informed about your savings and college costs.
You can send a message with a special link to your friends and family to remind them of an upcoming birthday or if you want to celebrate a child reaching a goal or hitting an important milestone. Your loved ones can gift any amount and leave supportive comments that can be cherished for years to come.
SavvyFi helps put your savings on autopilot with our cashback rewards program. You can easily link any existing credit card to your account, and each time you shop at participating merchants, you get a percent of your purchase put into your 529 account. It’s quick to link and it doesn’t interfere with any current credit card rewards program.
SavvyFi is a digital web application that allows you to save for a loved one’s education with a 529 plan and/or pay off current student loans. SavvyFi has direct integrations into a 529 plan and over 90% of student loan servicers, which allows your employer to offer this new benefit in a frictionless and paperless way on any device.
Many people want to save for college or pay off their student loans but don’t know where to start. With SavvyFi, all you need to do is provide some basic information about yourself and your future grad to open a 529 college savings account. Our unique features like gifting and cashback rewards help you look forward to a future without educational debt.
A 529 plan is an investment account that allows savings to grow tax-free if the funds are used for qualified expenses at eligible higher education institutions. This includes expenses such as tuition, room and board, and books. Tax-free growth means you get a boost on your investment earnings that wouldn't be available otherwise.
Eligible institutions include four-year universities, community colleges, trade schools, and private K-12 schools. Qualified expenses typically cover most costs associated with attending school. Learn more at: https://savvyfi.co/what-is-a-529/
Anyone! You can open an account for your child, grandchild, niece, nephew, and even the neighbor’s kid – as long as you have their social security number. If you’re looking for a head start on your savings, you can even open an account for yourself and transfer it to your child at a later date.
You simply shop online, make purchases in-store or book travel through SavvyFi’s cashback rewards program and earn up to 30% of your purchase in cashback to your 529 account.
The SavvyFi cashback program covers 10,000+ merchants including major brands such as Target, Home Depot and Walmart. You can also earn with local merchants such as the neighborhood pizza shop.
All contributions will be invested in an enrollment-date option. An enrollment-date investment automatically selects and manages investments based on the age of your beneficiary (the person you are saving for).
If your child does not attend college, there are many options. You can transfer the 529 account to another family member, use the funds for your own education, or withdraw the funds with only a 10% penalty on the earnings to give your child a head start on other important financial goals.
If you leave your company, your student loans and 529 accounts continue to exist and belong to you. You have the option to continue using the SavvyFi gifting and cashback features by assuming the monthly cost or discontinue using SavvyFi and access your loans and 529 accounts directly.
Savvy Financial, Inc. (“SavvyFi”) is a web-based investment adviser. Our investment advisory services are made available to U.S. residents only. This website shall not be considered a solicitation or offering for any service or product to any person in any jurisdiction where such solicitation or offer would be unlawful. Nothing in this website should be construed as investment, legal, tax, regulatory or accounting advice. Prospective investors should consult with their own legal, regulatory, tax, business, investment, financial and accounting advisers. While distributions to cover K–12 tuition are tax-free on the federal level, state tax treatment will vary, and you should check with your tax professional for details. All investments involve risk, including the possible loss of money you invest, and past performance does not guarantee future performance.
Savvy Financial and the mark SAVVYFI are not associated with Heartland Financial USA, Inc. Savvy Financial will incorporate a legible and unobscured disclaimer on its website and any websites it owns that feature the SAVVYFI mark now or in the future.
