Both pay monthly interest on the 1st. Both are reported on a 1099-INT. Both are personally guaranteed by Will Karstetter and Sam Sendgraff. They differ only in how fast you can call your principal back.
For capital you might need on short notice, an emergency fund, a tax set-aside, or cash waiting out the market, earning more than a high-yield savings account, with next-banking-day access.
Submit a withdrawal notice through your portal before 3:00 PM Central on any banking day and your transfer lands in your bank account the next banking day. Submit later or on a weekend and it settles in 2 banking days.
For example: submit a notice at 1:00 PM Central on the 5th (before the cutoff) and your transfer arrives on the 6th. Submit at 4:00 PM Central on the 5th (after the cutoff) and it's treated as the 6th, so your transfer arrives on the 7th, assuming the 5th, 6th, and 7th are all banking days.
For capital with a longer time horizon: retirement money, savings you don't expect to touch, or the patient half of your portfolio.
When you're ready to withdraw, submit a withdrawal notice through your portal. You continue receiving monthly interest for 180 days, then your principal is returned.
Enter an amount to see estimated monthly interest on each product.
$41.67 more per month ($500 per year) with Income
Estimates based on gross monthly interest (principal × APR ÷ 12). Actual amounts vary slightly by month length; interest accrues on an actual/365 day count. Roll monthly payments into your balance to earn 6.17% (Liquid) or 7.23% (Income) effective APY.
Here is how Sparos sits next to the alternatives investors typically consider for cash and short-term income.
$15,000 in Sparos Liquid at 6.00% earns $900 over a year, paid monthly. The same $15,000 in a 12-month bank CD at the 1.65% FDIC national average earns $247.50, paid once at maturity. Choose Sparos Income at 7.00% and the gap widens to +$802.50.
| SparosHigher yield + daily liquidity | 12-Month Bank CD (FDIC avg) |
Private Credit / Income Fund | High-Yield Savings | |
|---|---|---|---|---|
| Stated yield | 6-7% fixed | 1.65% APY | ~9-10% variable | ~3.8-4% variable |
| Rate | Fixed while invested; changes only with advance notice | Fixed for the term | Variable, adjusts | Variable, bank can change |
| Access to your money | Next banking day (Liquid) | Locked 12 months (penalty) | Often gated (~5% per quarter) | Anytime |
| Term | Open-ended | 12 months | Perpetual / open-ended | None |
| Distributions | Monthly | At maturity | Monthly | Monthly accrual |
| Backing | Founders' personal guarantee, backed by their real estate equity | FDIC to $250K | Equity / loan claim on the fund | FDIC to $250K |
| Investor fees | No management fees; $2 per withdrawal | None | ~1% AUM annually | None |
| Minimum | $1,000 | $500-$1,000 | Often $25,000+ | $0-$1,000 |
| Accreditation | Not required (invitation-based) | No | Often required | No |
| Payment record | 100% of principal & interest paid on time since 2018 | FDIC backing | Varies | FDIC backing |
Bank CD figure is the FDIC national-average 12-month yield (~1.65%, July 2026). High-yield savings and private-credit figures are representative ranges for illustration and vary by institution. Sparos notes are not bank deposits and are not FDIC-insured. Investing involves risk, including loss of principal.
Adding funds is free. A $2 fee applies each time you submit a withdrawal notice. There are no other fees, no account fees, no management fees, nothing taken out of your rate.
New investors begin with a quick intro call with Will, no scheduling, no commitment.
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