Many users have a specific, generalized template that they use when performing; their setup. With effects racks and the ability to create different projects from loops, many users will want to have a setup they can keep going back to over and over for recording different tracks, and will search the FX racks for a way to accomplish this.
The save feature within your FX racks however are for making presets for the FX rack, not necessarily for creating a standard template that loads consistently. Instead, an easier solution is to create a Loop with the FX rack presets for each track applied so that you can have your setup applied to each individual track, then save this as a template, and load it when you want to create a new track.
Here is how you would do so: After setting up your FX Rack, you would want to pop back out to the navigation menu, then tap the save button in the top right corner
From here, you'll want to name and save your loop. Usually it's good to name it something like Template, but feel free to save it with whatever name you like
And from there, you'll select a save destination:
We would advise saving this template to an external drive that you can load from, then remove the drive so that you do not overwrite the template.