SEAL BEACH, Calif., April 10, 2012 /PRNewswire/ -- SaveDaily, Inc. ( OTCBB: SAVY), the leading provider of low cost mutual fund investing platforms used by financial institutions, today announced that Premier America Credit Union has contracted with the company to offer its credit union members the ability to invest in mutual funds. The Premier America program will be marketed as "Invest in Your Future" (iiYf) and will be offered to employees and members in the coming weeks.
"I became aware of the unique benefits of the SaveDaily investment platform several years ago," stated Donna McNeely, SVP, Premier America Credit Union, Investment & Insurance Services. "Designed to appeal to our Gen X and Gen Y members, 'Invest in Your Future' (iiYf) offering eliminates high initial investment amounts and the ongoing contribution requirements usually found in other industry programs, while allowing our members to invest without incurring transaction fees. Members will now have greater investment opportunities for their savings in both qualified and non-qualified accounts such as those for education and retirement," she added.
Credit unions, banks and other financial service providers adopting the SaveDaily platform can offer mutual fund investing to their customers at extremely low cost under their own brand. For one low flat monthly charge, investors in these mutual funds can have unlimited positions and unlimited transactions without transaction fees.
"Premier America is a first class financial institution with nearly 67,000 members and $1.3 billion in assets. We are pleased to partner with them in their offering," said Greg Vacca, SaveDaily President. He went on to say, "Ms. McNeely is a seasoned professional who understands the needs of investors and the need to provide them quality alternatives. She will be a key component to the anticipated success of the program."
SaveDaily offers investments and record-keeping services to its intermediary partners, as well as directly to clients through a variety of white-labeled interfaces. SaveDaily owns its proprietary financial services platform which has been in production for about three years, helping financial intermediaries succeed in bringing suitable and affordable investment services to everyday savers and investors. SaveDaily, through its financial services partners, has the capability of making virtually all mutual funds available to its clients. SaveDaily conducts its business through its wholly owned subsidiary, SaveDaily.com, Inc., which is headquartered in Seal Beach, California and is a Registered Investment Advisor with the Securities and Exchange Commission. For more information, visit www.savedaily.com.
About Premier America Credit Union
Premier America Credit Union is a full-service financial institution, offering an array of checking and savings accounts; auto and home loans; credit cards; investment, insurance and business services. Learn more about Premier America at www.premier.org.
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SOURCE SaveDaily, Inc.