What do I need to know about the Savings Account?

How do I open a Savings Account?

When you open your Spending Account, you are presented with an option to open your Savings Account. If you choose to open your Savings Account at a later time, you can always do so at your convenience. Use the mobile app or your online account and visit the Savings screen for instructions.

Can I deposit money directly into my Savings Account?

No, but here are a few easy ways to put money in your Savings Account:

1. Transfer directly from your Spending Account
2. Send 10% of every direct deposit of $500 or more with Save When I Get Paid

How do I close my Savings Account?

If you want to close your Savings Account, contact our Member Services team by calling 1-844-244 

Keep in mind that once you close your Savings Account, your funds are immediately transferred to your Spending Account. Federal law states that once your Savings Account is closed, you will not be able to re-open your Savings Account for 90 days.

Is there interest on a Savings Account?

The current Annual Percentage Yield (APY) for the Savings Account is 0.50% with an interest rate of 0.50%.