Savings Accounts FAQ

Frequently Asked Questions about Savings Accounts

What other features do online savings accounts offer?

Many online savings accounts offer features such as automatic savings and online bill pay. With automatic savings, you can schedule recurring transfers from an existing external account to your online savings account, in order to grow your savings quickly and effortlessly. With online bill pay, you can pay bills directly from your online savings account. Many online savings accounts also offer direct deposit, which allows your employer to automatically deposit all or a portion of your paycheck straight into your online savings account. And a few online savings accounts, such as ING Direct, allow you to create subaccounts, or multiple accounts, to help organize your budget and save toward specific goals or purchases.

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