SavvyFi For Individuals
Simple setup, easy gifting and many ways to save.
What Is SavvyFi?
We created a simple financial platform that quickly sets up college savings accounts. With SavvyFi’s intuitive technology, you can easily enroll yourself, a child or a loved one in a 529 savings plan and significantly boost college savings.
How We Help
Student debt is a 1.6 trillion dollar problem. Yet, saving for college doesn’t have to be a chore with tons of paperwork and research. We simplified the search and streamlined the process so you can get to saving, and get back to what matters most.
Mobile Friendly Platform
Easy to use application makes sign-up easy for anyone on any device.
Friends & Family Gifting
Loved ones have the opportunity to invest in education expenses.
Shopping builds up savings automatically, at no cost to you.
Mobile Friendly Platform
Our web-based platform requires no app download. Simply visit the link below from any device to sign up. You’ll create an account with an email address and a password. Then all you need is a social security number, name and address. Your information is encrypted and secure. There will be zero financial questions to get started, and you can get your college savings account set up easily in 5 minutes.
Friends & Family Gifting
Send a message to your friends and family when you’re celebrating your children for reaching their goals. Your community can leave supportive comments and give a one-time or monthly gift towards their college savings.
Put your saving on auto-pilot with our cashback rewards program. Just link any existing credit card to your account, and each time you shop at participating merchants you get a percent of your trip put into your 529 account. It’s quick to setup and it does not interfere with your current credit card rewards program.
Frequently Asked Questions
Why should I get started with SavvyFi?
Starting your plan to send your loved one to college without the enormous debt burden shouldn’t be so difficult. With SavvyFi, all you need is some basic information about you, your future grad, and what you want to accomplish. With only that information, you will have a 529 college savings account and investment option tailored to your future grad’s age, and your savings will grow much more quickly when friends and family contribute through SavvyFi’s gifting tool.
Who Can Open A 529 Plan?
Anyone Can Open An Account Or Contribute. 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 to kick start 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?
Your 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 potential when your future grad is younger and automatically reduces risk as your child approaches college age.
Is SavvyFi’s cost reasonable?
At a monthly cost of $2.50 for every $10,000 in total savings, SavvyFi is less than half the cost of the average advisor-sold 529 plan. We think that’s pretty reasonable, especially considering the opportunity to reach your savings goals much more effectively with SavvyFi’s innovative planning and gifting tools.
Note: As is typical of all 529 plans and investment funds, the underlying investments in SavvyFi’s Investment Plan have additional indirect costs. Up to $1.43 a month for every $10,000 in total savings will be indirectly withdrawn by the underlying 529 administrator.
What is a 529 plan?
A 529 plan allows your savings to grow tax-free if the funds are used for “qualified expenses” at “eligible higher education institutions.” That just means you’ll get a little boost on your investment earnings that wouldn’t be available otherwise.
Eligible institutions include four-year universities, community colleges, and trade schools. Qualified expenses typically cover most costs associated with attending school.
Should I take a look at my state’s 529 plan first?
We would never argue against comparing 529 options, particularly if your home state offers state tax incentives for 529 contributions. However, time saved by not having to learn about the many confusing investment options available in other 529 plans available to you will allow you to get started right now, so your future grad’s savings, and your gifts from friends and family, will have more time to grow.
What if my child does not attend college?
If your child does not attend college, there are many options for what you can do with your college savings. You can transfer your 529 account to another family member, use the funds for your own education, or withdraw the funds with a 10% penalty on your earnings to give and give your child a head start on other important financial goals.