How does ONE maintain 3.00% APY on Auto-Save?

As a digital finance service, ONE does not have the traditional overhead that brick-and-mortar banks have. Instead of pocketing that cost savings, we put it into product offerings, such as the 3.00% Annual Percentage Yield customers receive when using Auto-Save.

This industry-leading rate is sustainable because it is designed to help our customers build new savings balances, rather than for moving large balances from other banks. This means you can contribute to this Pocket only through automatic savings habits, such as Card Auto-Save and paycheck contributions. The aim of products like these is to help people build savings while they spend to conduct their daily financial lives. 

We are committed to maintaining these rates as a service to our customers and to generating revenue through interchange and lending, instead of through fees like large banks. This is our way of giving back to ONE customers.