Personal savings goals
With your personal savings goals, you tell us what you want to save for, the amount you want to save, and your timeline for doing so. Then, Oportun intelligently sets aside small amounts to help you reach your goals on time.
When you’ve reached your goal - or whenever you need the funds - your savings can be moved back to your linked checking account or Spending balance to be spent.
With these goals, the value of your money never changes: $1 saved is $1 to spend when you’ve reached your goal.
Your investing account is different because it is designed to grow your money over the long-term. To do this, every few days we will invest what it’s saved for your investing fund in a portfolio of ETFs.
When setting up an investing account, Oportun will ask you a question to understand the level of risk you are comfortable with, then match you with a portfolio that is conservative, moderate, or aggressive based on how you answer.
On the other hand, the money saved for your retirement account is invested on your behalf into a portfolio of ETFs each month.
That money will be transferred to your retirement portfolio via a company called “Oportun Advisors, LLC”.
The value of your portfolio will increase or decrease day-to-day, depending on your portfolio.