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.
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:
- 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.
- 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
Make a pledge to yourself and create a simple savings plan that works. Complete the Pledge and America Saves will send you short email and text reminders, resources and tips to keep you on track towards your savings goal. Become part of an entire community of savers. Get started now!
Those with a savings plan are twice as likely to save successfully. Taking the America Saves Pledge is a pledge to yourself to start a savings journey and America Saves is here to encourage you along the way. Take the first step toward creating a better financial future. Make a plan, set a goal, and pledge to yourself to start saving, today.
Congrats on completing the pledge!
We are so glad you have started your savings journey and America Saves will be right beside you the whole way! You will soon receive an email from the America Saves team to help encourage you. Find helpful links below to continue researching topics on saving.
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