What it is
Brokerage cash sweep program interest rate (APY)
Brokerage cash sweep program interest rate (APY) How do I earn interest? Sav doesn’t pay interest. Instead, we move your eligible uninvested cash (unrestricted cash intended for investing that hasn't yet been invested or spent) into our network of ...
Investing tools
Investing tools Sav offers tools in app and on web classic that you can use to gain new insights into your current and future investments. Stocks & ETFs To see the total value of your stock and ETF position, go to Orders. At the top, the display card ...
Stock market closures
Stock market closures Our offices will be closed for the following days that the US stock market is closed. When the US market is closed: You can’t trade equities or options on these days. Crypto trading is still available 24/7. When US banks are ...
Settlement and buying power
Settlement and buying power The settlement period is the time it takes stocks or cash to reach their new destination after a transaction is executed. Buying power is the amount of money you have available to make purchases in your app. Settlement ...
American Depositary Receipts (ADRs)
American Depositary Receipts (ADRs) American Depositary Receipts (ADRs) are securities listed on US exchanges and the Over-the-Counter (OTC) market that represent ownership of shares in foreign companies. For companies based outside of the US, ...
Wash sales
Wash sales You’ve executed a wash sale if you sell or trade stock or securities at a loss and within 30 calendar days, do one of the following: Buy or acquire substantially identical stock or securities as a taxable trade Acquire a contract or option ...
About Regulation T calls
About Regulation T calls Regulation T (Reg T) is a Federal Reserve Board provision that regulates extensions of credit and requires that investors have a minimum initial ownership interest of 50%. What is a Reg T call? If you don’t have enough equity ...
Day trade calls
Day trade calls Day trade calls can be tricky and inconvenient, so it’s good to know how to prevent them, and what to do if you find yourself in one. Before you begin You can only receive a day trade call if you’re flagged as a pattern day trader. ...
Trading fees on Sav
Trading fees on Sav Investing with a Sav investing account is commission free for stocks, ETFs, and their options. We don’t charge you fees to open or maintain your account. However, the following regulatory organizations charge Sav fees for trading ...
Tax lots
Tax lots You can select specific tax lots when selling stock in your Sav investing account. Tax lots are records of when you purchased shares of a stock or ETF. Each transaction creates a tax lot that includes details like the purchase date, cost per ...
About recurring investments and orders
About recurring investments and orders With recurring investments, you can automatically invest in stocks and ETFs with Sav on your own schedule. You can use this to help make investing a habit and build your portfolio long term. Just remember all ...
Dividend reinvestment (DRIP)
Dividend reinvestment (DRIP) You can automatically reinvest cash dividend payments back into the underlying stock or ETF with dividend reinvestment (DRIP). Set up dividend reinvestment App Select Account → Menu (3 bars) → Investing In the Dividend ...
Fractional shares
Fractional shares Fractional shares are pieces, or fractions, of whole shares of a company or ETF. Since Sav Financial offers fractional shares, you can trade stocks and ETFs in pieces of shares, in addition to trading in whole share increments. You ...
Stock, ETF, and options order routing
Stock, ETF, and options order routing When you buy or sell stocks, ETFs, and options with Sav, we generally send your orders to market makers that typically offer better prices than public exchanges. To compete with exchanges, the market makers, with ...
Trailing stop order
Trailing stop order A trailing stop order lets you track the price of a stock before triggering a market order if the stock reaches the trailing stop price. Investors often use trailing stop orders to help limit their maximum possible loss or as part ...
Stop limit order
Stop limit order A stop limit order combines the features of a stop order and a limit order. When the stock hits a stop price that you set, it triggers a limit order. Then, the limit order is executed at your limit price or better. Investors often ...
Stop order
Stop order A stop order is an order to buy or sell a stock or ETF once the stock reaches a specific price, also known as the stop price. When the stock reaches your stop price, the stop order triggers a market order and is executed at the best price ...
Limit order
Limit order A limit order can only be executed at your specific limit price or better. Investors often use limit orders to have more control over execution prices. Keep in mind, limit orders aren't guaranteed to execute. There has to be a buyer and ...
Market order
Market order A market order is a type of stock order that indicates a preference for quick execution relative to price specificity. This generally means you’re willing to accept the next available price and a certain price isn’t guaranteed. If you ...
Extended Hours Trading
Extended Hours Trading Traditionally, the markets are open from 9:30 AM to 4 PM ET during normal business days. With extended-hours trading, you can also trade during our extended hours. Extended hours give you an extra 6 ½ hours of trading, every ...