How Savings Club works
No banks. Flat fee instead of compound interest. No debt. Just people saving together to buy what they need.
- FDIC-insured
- No credit check
$17,643
stays in your pocket on a $35,000 car
THE FIVE STEPS
From joining to owning.
You join a club
A group of people who all want to buy the same kind of asset, a car, a home, equipment, agree to contribute a fixed amount every month into a shared Common Fund. Think of it as a group savings account with a purpose.
The Common Fund grows
Every member contributes their monthly amount, and the Common Fund holds it in an FDIC-insured trust. No bank is lending you anything. This is real money from real people, saved together.
You are selected
Each month the fund has enough to buy the asset for one or more members. The Monthly Selection ranks members by their Savings Score, so how you save is what moves you up, not your credit history.
You get your voucher
When it is your turn, Savings Club issues a Purchasing Voucher for the full price. You buy your car, home, or equipment outright, paid in full, no loan. You keep contributing until the club term ends.
You pay one flat fee
Instead of compound interest that grows over time, you pay a single flat fee of 30% of the asset price. On a $35,000 car that is $10,500, versus about $28,143 in bank interest. You keep $17,643.
BANK VS SAVINGS CLUB
The difference on a $35,000 car
A typical subprime bank loan over 96 months, versus a Savings Club membership with one flat fee.
| With a bank | With Savings Club | |
|---|---|---|
| Asset price | $35,000 | $35,000 |
| Down payment | $3,500 | $0 |
| What the lender adds | $28,143 in interest | $10,500 flat fee |
| Monthly payment | $621/mo | $474/mo |
| Total cost | $63,143 | $45,500 |
| You keep | $0 | $17,643 (28% less) |
Educational, not a financing offer. Bank figures use a typical subprime rate, 96-month loan with 10% down. Your exact numbers depend on your Savings Score and plan.
WHY IT WORKS
Real savings, not a loan.
A flat fee, not interest
Instead of compound interest that grows over time, you pay a single flat fee on the asset price. It never compounds and it never changes.
People, not banks
No bank is lending you anything. You and other members contribute real money into a Common Fund and buy in full.
Held in trust
The Common Fund holds real money in an FDIC-insured trust. Your money is protected while you save.
Dig deeper
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Run your own car or home in the calculator. No credit check, no account needed.
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