Stream

Save is Stream's workplace savings product. It’s a simple way for employees to build financial resilience directly from their paycheck. With no separate app to download and no bank account to manually open, Save automates the hardest part of saving - getting started. Employees set a goal, choose how much to save each pay period, and Stream handles the rest, depositing funds automatically into an FDIC-insured savings account that earns 5.13% APY. Whether employees are building an emergency fund, saving for a holiday, or working toward a long-term goal, Save gives them the tools to get there without the barriers or stress.

• APY: 5.13%.
• Maximum balance: $10,000.
• Minimum opening deposit: $5.
• FDIC insurance: up to $250,000 (via Piermont Bank).
• Withdrawal speed: next business day.

Employees do this through (a) auto-save - a flat amount set within the App UI and deducted from paycheck on payday, or (b) stream and save - a flat amount assigned to savings each time an employee streams via Earned Wage Access, again, deducted from paycheck on payday.