SaveDaily Lowers Savings Barriers for Financial Institution Customers

SEAL BEACH, Calif., March 7, 2012 /PRNewswire/ -- SaveDaily, Inc. (OTCBB: SAVY), a leading provider of low cost mutual fund investing platforms used by financial institutions, announced today that the company is able to provide ultra low-cost access to over 13,000 mutual funds, with no minimum deposit or minimum balance requirements and no transaction fees.

According to Matthew Nunez, Director of Business Development, SaveDaily's proprietary recordkeeping system enables the company to offer investment opportunities to people who in the past could not afford the costs or minimums associated with actively managed mutual funds. "Our technology generally enables us to bypass minimum deposit requirements, transaction fees, and even commissions," said Nunez. "With SaveDaily, you could actually invest your child's $5 allowance into an institutional class share, even though the fund has a $5 million minimum."

Nunez believes that most financial institutions need to do more for the everyday saver. "While Bank of America recently announced that it is offering lower balance requirements for a select group of actively managed portfolios, the required minimum is still $20,000. This leaves a Blue Ocean opportunity for SaveDaily and its institutional partners," said Nunez. "We wouldn't ask wealthy clients to move all of their savings into a low yielding CD or money market account. Yet, due to a lack of alternatives, this is exactly what financial institutions are suggesting that 90% of their customers to do. Now there truly is an alternative. SaveDaily is making significant strides when it comes to providing for the everyday saver."

SaveDaily offers a variety of tax favored account types, including 401k, 403b, and HSA accounts. "Due to the expense of maintaining customer accounts – particularly those with low balances – financial institutions have in the past typically reserved such accounts for a wealthier clientele," said Nunez. "However, SaveDaily has lowered those costs to a point where our bank clients can now profitably service virtually any customer. As a result, people from all walks of life are able to invest in professionally managed funds and enjoy the same tax benefits as the very wealthy."

Nunez sees mutual funds as the only viable alternative to CDs, interest checking, or traditional savings. "Right now, such accounts offer only a fraction of the returns they once did," he said. "Even if you could find one that pays 1%, it would take you 72 years to double your money. With an annuity at 3.5 percent, it would take you 20 years. Yet the wealthy are still earning returns of 6%, 8%, and 10%," he said. "We at SaveDaily are striving to make these same investment opportunities available to everyday savers."

About SaveDaily, Inc.

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.

Forward Looking Statements

This release may contain forward-looking statements. Actual results may differ from those projected due to a number of risks and uncertainties. SaveDaily does not undertake to update forward-looking statements in this news release to reflect actual results, changes in assumptions or changes in other factors affecting such forward-looking information.

Company Contact: Matthew Nunez, 1-562-795-7500 ext. 1019, [email protected]

SOURCE SaveDaily