How do I set up, edit, or pause Pay Autosave?
Set up:
- Open the ONE app
- Select
in the top right corner
- Select Recurring Transfers
- Select Set up Pay Autosave
- Tap Get Started
- Enter a $ amount you want to save from each direct deposit or select Save a Percentage and enter a % to save from each direct deposit
- Select Continue
- Review Details page
- Select Confirm
- Tap I’m Done!
To edit or pause:
- Open the ONE app
- Select the Savings tab
- Select Pay Autosave
- Select edit in top corner
- Select edit to change the amount or pause to stop adding money to Pay Autosave
How does Pay Autosave work?
Pay Autosave allows you to automatically set aside any percentage or dollar amount of each eligible direct deposit (excluding ONE@Work Instapays). The Pay Autosave pocket will earn 5.00% annual percentage yield (APY) on balances up to $250,000 and 1.00% APY on incremental balances in excess of $250,000.**
**5.00% annual percentage yield (APY) applies to the primary Savings pocket and custom pockets of customers who either (i) received $500 or more of eligible direct deposits in the previous month or (ii) have a total daily account balance of $5,000 or more. Customers can also earn 5.00% APY on Pay Autosave and ONE@Work Save balances. In all instances, 5.00% APY is limited to a total Savings balance of up to $250,000. All other Savings balances will earn 1.00% APY.
APYs are as of 9/28/2023 but may change at any time before or after account opening. Fees may reduce earnings on this account.
Can I withdraw funds from Pay Autosave?
You can withdraw or transfer funds from the Pay Autosave pocket as often you like.