What is Auto-Save and how do I add funds to my Auto-Save pocket?
How do I add funds to my Auto-Save pocket?
A: Auto-Save helps you automatically save a little more each month. Once enabled, you can contribute 1-10% of your direct deposit into your Auto-Save pocket, where those funds will earn 3.00% APY*.
Your Auto-Save pocket has no fees, monthly balance minimums, or withdrawal limits! While you can move money out of your Auto-Save pocket at any time, you will only be able to add funds to this pocket through a qualified income direct-deposited up to $1,000 per calendar month. Auto-Save requires (i) a recurring monthly direct deposit of income into your One account and (ii) a decision to save a portion of each direct deposit (the “Auto-Save Transfer”). Each Auto-Save Transfer is anywhere from 1-10% of the deposit depending on your setting up to $1,000 per calendar month..
To change your Auto-Save settings, visit your Auto-Save pocket details, tap the settings dots in the top right corner and toggle Auto-Save ON. Once enabled select the percent of each paycheck you’d like transferred in from the selector.
Click here for information about setting up a direct-deposit into your One account.
*Annual Percentage Yield effective as of 6/1/2020 and subject to change