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What are Savings Pods?

Savings Pods are a way to save for whatever you want, whether that's a rainy day fund, a vacation, or even monthly expenses like groceries! 

A Current Account comes with three Savings Pods, plus our Teen Account comes with a savings pod and a “Giving Pod” if they’d like to donate to a charity of their choice! 

Setting these up is easy, and you'll be up and running in just a few steps: 

  1. Scroll to Savings Pods, near the bottom of the home screen 
  2. Tap Create Savings Pod and follow the prompts to add a title*, set your goal amount, and add an image/description
    • If you have an existing pod, swipe to reveal the Create Savings Pod button
  3. Tap Done 

After creating a savings pod, you can fund it through your primary balance, a new funding source, or after depositing a check by tapping Add $ or move the money in your pod to other savings pods or funding sources by tapping Move $

  • You can turn on round-ups for a pod so your settled transactions will be rounded up to the nearest dollar and the difference will be transferred into the pod when the transaction finalizes 

Note: Placing funds into your Savings Pod will move that money from your available account balance. For example, if your account balance is less than the amount you're attempting to purchase, we will not dip into your Savings Pod automatically. In this case, your card will be declined and you'll need to move funds into your account, then re-attempt the purchase.  

*Teen Accounts cannot edit the title of their saving or giving pods.

Are Savings Pods investment products?

No, Savings Pods aren't investment products.

Is my money kept in Savings Pods safe?

Yes! All of your Current funds, including funds held in Savings Pods, are FDIC-insured up to a total of $250,000 through our partner bank Choice Financial Group.

Do Savings Pods come with any money movement restrictions?

Nope! There are no restrictions to move money in and out of a Savings Pod. There are also no transfer restrictions or penalties associated with moving money in or out of a Savings Pod, either.

Can I grow the money in my Savings Pods?

You can! You can grow your money and earn up to 4.00% Annual Percentage Yield (“APY”) by  keeping a balance of at least $0.01 in a Savings Pod. The rate you earn is variable depending on certain qualifying criteria: keep a qualifying direct deposit of more than $200 in your account to earn the full 4.00% APY. Otherwise you’ll earn 0.25% APY.  The APY is the amount of money paid by Current that you will earn over the course of 12 calendar months. Click here to learn more. 

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