|SaverNotes is pleased to announce that we have paid our 10th consecutive quarterly interest payment for investors of record as of the end of the First Quarter of 2016.|
|Key Features of Notes from SaverNotes|
|We designed several features in SaverNotes to be cost effective for investors and to be environmentally green as well. Our interests are aligned with our investors to generate a high current return for them and provide an additional interest rate kicker from our profits.|
We try to limit the amount of paperwork, checks and follow up correspondence to electronic email, ACH payments and the use of the website. This allows us to pass along more profits to our investors annually in the form of our annual interest rate kicker in the amount of 10% of the profits of SaverNotes. Other measures employed include limiting the number of transaction events to just 12 times a year. These events include: quarterly interest payments, annual interest rate kicker and the redemption of notes upon maturity.
Quarterly interest payments are made via ACH. ACH stands of Automated Clearing House, a federally regulated network that allows U.S. financial institutions to electronically send funds back and forth. We do not issue checks but rather push the payments out to our investor’s checking, savings or IRA accounts using this paperless process four times a year.
Annually we pay our interest rate kicker equal to 10% of the profits of SaverNotes to our investors of record for that defined period and push those funds out via ACH as well at the end of the first quarter of the following year.
Finally, upon maturity of a note, if an investor chooses not to renew their investment, SaverNotes will push their outstanding principal balance and interest accrued but not yet paid via ACH to the appropriate account.
We did not want to have notes maturing every day so we decided to have all notes mature on the last day of the month of investment period selected. For example, an investor that purchases a note on February 12, 2016 with a term of three years has a maturity date of February 28, 2019. By having a month ending maturity date we limit the number of transactions to just 12 times a year along with the quarterly payments and interest kicker payments also falling on these dates.
This efficient movement of funds and communication with our investors improves the bottom line for everyone.
Headquartered in Eden Prairie, MN., SaveNotes, LLC provides a unique alternative to stocks, bonds and CD’s by providing fixed income with high return, while remaining easy to invest.
SaverNotes pays interest to its investors based on a variety of available investment amounts and maturity dates. SaverNotes have no fees or expenses and are available for any Minnesota investor. Current rates range from 3.00% to 6.00% based on terms of two to five years. Investors can also invest through their IRA account.