So glad you asked! Simply put, XpertSavers is a cost-effective, turnkey online banking and marketing solution for community banks. Our team is comprised of top-notch banking, technology and marketing experts. Our mission is to help banks and credit unions acquire new customers and gather deposits (i.e., low cost funding sources) by providing an online channel for originating savings and term CDs.
XpertSavers’ online banking and marketing solution is designed for well-capitalized community banks and credit unions whose total assets are between 500 million and 15 billion dollars. XpertSavers is an ideal solution for financial institutions whose loans are growing faster than their core deposits, and who are using debt and brokered deposits for funding.
The banks who subscribe to XpertSavers’ online banking and marketing tools maintain complete ownership and control of their customer acquisition strategy, origination and servicing functions, products, pricing and the entire customer relationship. XpertSavers is simply the messenger.
The pricing structure for XpertSavers is predictable, controllable, and affordable. Unlike other marketing companies, who might charge you based on the volume of deposits or accounts originated by their program, XpertSavers charges you a set monthly technology and marketing fee based on your funding goals. Better yet, our monthly marketing fees are flexible, allowing you to increase or decrease your marketing spending according to your funding needs.
No. XpertSavers doesn’t give any of its bank customers preferential treatment. XpertSavers just lists and markets the interest rate information that our bank customers provide. Consumers make the ultimate decision whether or not to create a relationship with your bank or credit union.
No. Our bank and credit union customers create all of their deposit products; XpertSavers simply markets those products at the direction and pursuant to the funding needs of each particular bank. XpertSavers does not own the products, the accounts or the customer relationships. The bank owns the customers and the products they purchase.
Customers fund their accounts by remitting the money directly to your bank and not through any intermediaries.
We thought you’d never ask! To learn more, complete our simple Contact Us form, and one of our Xperts will contact you for a pressure-free conversation about our products and services.
XpertSavers builds custom sites for its bank and credit union customers, where bank products and interest rate information is displayed for the consumer. If interested, the consumer can choose to complete an online application, powered by our application service provider, to open a savings account or purchase a CD. The application service provider enables a secure, online application interface that includes robust customer identity and credit verification tools to help banks determine applicants’ eligibility.
XpertSavers is committed to protecting the security of individuals’ personally identifiable information (PII). Information captured through the application service provider’s web-based account opening platform is not stored; it is transferred to the bank or credit union. These mission-critical systems were built by experts in internet security, protecting the system by following rigorous security protocols that combine proprietary technology, strict security policies, and a staff whose top priority is security.
Our simple CD application process takes about 10 minutes.
Xaxis partners with XpertSavers to provide digital marketing strategy, execution and analytics for our bank and credit union customers. Xaxis is a global digital media platform that programmatically connects advertisers with customers in real-time across all addressable channels. Please visit xaxis.com for more information.
XpertSavers' digital campaigns are designed to range from very broad--to develop a geographically diverse set of customers--to very narrow--to a more targeted customer based with particular attributes and a high propensity to make a deposit. XpertSavers' marketing team works with the bank to adopt a digital campaign compatible with the bank's customer acquisition strategy.
Since your bank owns the customer, it can cross-sell any product under its own brand, including loans, insurance and investments.
Yes. Other banks that originate deposits on the internet using similar approaches classify most of their deposits as core. XpertSavers and Xavis have the most sophisticated and simplified end to end solutions; however, each bank is responsible for classifying their own deposits for their regulators.