About Automatic Savings

What is Automatic Savings?

When automatic savings is enabled, whenever a deposit is made into the checking account, a 3% of it is moved into savings account. This is optional during enrollment. It can also be added at any time. 

This feature is optional and is not required to complete enrollment.  By activating this option, 3% of deposits made into the checking account, will automatically transfer to the savings account that night. To activate this feature, please check the box, “Activate Automatic Savings”.

Automatic Savings FAQ

Why can't I change the amount that is automatically saved?

The 3% in savings is a preset amount. If you would like more you can always transfer additional funds to savings manually. If the 3% is too high, it is recommend not enrolling in this feature and continuing to save the way you have before. 

Regarding “Automatic Savings,” which of my shares will the funds be deposited into?

If you have more than one savings or checking accounts, you can choose which accounts you would like to enroll in Automatic Savings.

Can I cancel this feature later, and how?

Yes, this feature is optional and can be cancelled by logging into your account on a web browser (not supported in-app), and selecting “Tools” at the top. From there you will click on “Automatic Savings” and uncheck the box on the left. This is also how you can turn the Automatic Savings back on later.

Regarding Automatic Savings, what happens when I have savings and no checking?

You are presented with an optional link to open a new checking account.

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