Save with Direct Deposit

Adoption and awareness of direct deposit continues to build among consumers. A recent survey found that 82 percent of U.S. workers ─ crossing age, income and other demographic categories ─ are paid by Direct Deposit via ACH, up from 74 percent in 2011. >> Learn more

That's good news, because setting up automatic savings is the easiest and most effective way to save – it puts your extra cash out of sight and out of mind. There are a couple ways to automate savings with direct deposit:

  1. Use direct deposit at work to split your paycheck into different accounts: checking, emergency fund, retirement, investment, other goals. Automating retirement savings is a great way to assure that you receive any matches or employer contributions, too.
  2. Use direct deposit at tax time to put your refund directly into savings. A federal tax refund is the most money many American households receive all year. Make your refund an opportunity to improve your financial situation.  >> Learn more about saving automatically

When you pledged to save and became part of the America Saves community, you set a goal and made a plan to save toward it. Now, make sure you’re using the best method to reach your goal – save automatically!

Take the America Saves Pledge

America Saves for Young Workers

America Saves created a program that is helping youth save in this very way. Over 25 partner programs are integrating America Saves for Young Workers (ASYW) into their summer jobs programming.  Through ASYW, a partnership is created between the employer, one or more financial institutions, and America Saves. America Saves provides employees with the motivation to set up direct deposit and save a portion of their pay. And Youth Employment Programs provide direct deposit and the America Saves for Young Workers Program to employees. >> Learn more about America Saves for Young Workers

Tip of the Day

  • Start Small. Think Big. Start preparing for your future #retirement today when you open a #mySocialSecuity account: #ASW18

Saver Stories View all »

Learning to Save

Kisha Barns’s financial situation was undisciplined, unrestricted, and impulsive before she came into contact with her local America Saves campaign, Charlotte Saves.


Coping with a Lost Job

Aimee Shaffer worked as a Public Service News Director for radio for years until one day her employer downsized the company, resulting in hundreds of lost jobs, including Aimee’s.


Taking Back Control Over Finances

After becoming a Virginia Saver and getting help from BankOn classes and coaching, Nadine Bialo took back control over her financial affairs.