Protected Savings

Protected Savings keeps money separate from everyday card and ACH spending while earning a variable annual percentage yield (APY). You can move funds between Available and Protected Savings inside Envelope.

What Protected Savings is for

• Emergency funds

• Long-term goals

• Money you do not want available to ordinary card swipes

• Automated “pay yourself first” funding from paychecks or schedules

Move money in or out

Use Move Money and choose Protected Savings as the source or destination. Internal transfers between Protected Savings and Available can be made on weekends and bank holidays.

Protected Savings does not have its own account and routing numbers. External ACH transfers must enter or leave through the checking balance in Available.

Automate savings

Create a fixed or paycheck-based funding rule with Protected Savings as the destination. Funding rules can reserve a fixed amount, a percentage, or another supported schedule.

Watch an overview of Protected Savings