How SavvyFi works

Simple setup, easy gifting and many ways to save.

What Is SavvyFi?

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 any employer and their employees. With SavvyFi’s intuitive technology, your team can easily enroll themselves, a child, or a loved one in a 529 savings plan.

How We Help

Student debt is a $1.7 trillion problem. Yet, saving for college doesn’t have to be a chore with tons of paperwork and research. We’ve simplified the process, and added unique features like gifting and cashback rewards to make it even better.

Savvy features

Mobile
Friendly Platform

Easy to use application makes signup simple for employees.

Planning
Dashboard

Intuitive dashboard relieves anxiety about future planning.

Friends &
Family Gifting

Loved ones have the opportunity to contribute to education expenses.

Cashback
Rewards

Shopping builds up savings at no cost to employees.

Mobile Friendly Platform

Planning Dashboard

Your employees can see their plan come together with SavvyFi’s intuitive dashboard. They can change their contributions, invite friends and family to send gifts, and track their progress. They can also choose a monthly savings goal that fits within their budget. They’ll always be informed about their savings and college costs.

Friends & Family Gifting

Your team can send a message with a special link to their friends and family to remind them of an upcoming birthday or if they want to celebrate a child reaching a goal or hitting an important milestone. Their loved ones can gift any amount and leave supportive comments that can be cherished for years to come.

Cashback Rewards

Help your employees put their saving on autopilot with our cashback rewards program. They can easily link any existing credit card to their account, and each time they shop at participating merchants, they get a percent of their purchase put into their 529 account. It’s quick to link and it doesn’t interfere with any current credit card rewards program.

Frequently Asked Questions

Why should someone get started with SavvyFi?

Student debt is over $1.7 trillion. Many people want to save for college but don’t know where to start. With SavvyFi, all someone needs to do is provide some basic information about themselves and their future grad to open a 529 college savings account. Our unique features like gifting and cashback rewards help their grad look forward to a future without debt without them bearing all of the responsibility.

What is a 529 plan?

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. That means individuals get a boost on their 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/

Who can open a 529 plan?

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.

Can you tell me more about the account?

The savings will be invested in a Vanguard age-based option through my529’s 529 program. Vanguard’s age-based option starts out with higher growth investment options when the future grad is younger and automatically reduces risk as a child approaches college age.

What if my child does not attend college?

If the plan owner’s child does not attend college, there are many options for what they can do with the college savings. They can transfer the 529 account to another family member, use the funds for their own education, or withdraw the funds with a 10% penalty on their earnings to give their child a head start on other important financial goals.

Have questions?

Request more information.

Our expert team is on standby to answer any questions you may have about SavvyFi’s platform.