fbpx

Каталог статей

Каталог статей для размещения статей информационного характера

Finance

17 Bank Accounts With Budgeting Tools to Track Individual Goals

Our experts answer readers’ investing questions and write unbiased product reviews (here’s how we assess investing products). Paid non-client promotion: In some cases, we receive a commission from our partners. Our opinions are always our own.Saving money for personal finance goals can be a tall task if you don’t know where to start. Some financial institutions have bank accounts with budgeting tools, though, which you can use to separate your savings into specific goals or create a budget.Limited Time Offer: New customers get a full year free when you import your Mint data within 3 months of sign-up date$3.99 monthly subscription or $47.88 annual subscriptionN/AN/Aone year freeQuicken Simplifi is a great budgeting tool if you want to create a detailed monthly spending and savings plan and don’t mind paying for a subscription. If you would rather get a budgeting app that doesn’t have a subscription fee, you’ll have to consider other options.If you’re looking to open or switch to a new account that helps you maintain financial goals, we’ve put together a list of bank accounts with these features. Our list includes the best credit unions, the best online banks, and the best high-yield savings accounts included in our best product guides.Earn $100 bonus when you deposit at least $100 a month for 12 consecutive monthsno monthly service fee3.10%$30 online/phone and $5 through paper, banking, loan applications$100Alliant is one of the best credit unions out there, especially if you want to earn high interest rates on savings, checking, and certificates.How savings tool works: Alliant’s savings account offers “supplemental savings accounts,” which let you save for specific goals. Add goals by logging in to online banking. Select a new account under your existing Alliant Account. When you select “supplemental savings,” you’ll be prompted to add your savings account. Earn 4.35% Annual Percentage Yield with a $0 minimum account opening requirementno monthly service fee4.35%$0The Ally High Yield Savings Account is a great option for anyone who wants savings tools to help save for specific financial goals, or prioritizes an account that doesn’t charge standard bank fees. You may earn 4.35% APY, and the account doesn’t have any requirements for earning interest. However, keep in mind that the best high-yield savings accounts pay up to 5.50% APY right now.How savings tool works: Ally lets you open savings buckets for different goals. Log in to online banking and create new buckets when you click on your savings account. You’ll also be able to track and set deadlines for goals.4.35% Annual Percentage Yield with no monthly maintenance fees or minimum account requirementno monthly service fee4.35%$0How savings tool works: Set up savings goals through the Barclays app. You’ll need to select a bank account to start a new goal.Earn 4.35% Annual Percentage Yield (APY) on any balance. FDIC Insured.no monthly service fee4.35% (as of 12/6/23)$0N/ACapital One is a strong bank overall. You’ll earn competitive interest rates on online savings accounts and CDs.How savings tool works: Capital One’s bank accounts allow you to establish goals through the bank’s mobile app. You’ll also be able to set deadlines and monitor your progress.$5 monthly service fee0.01%$0How savings tool works: Chase allows you to create three types of goals: safety net, custom goals, and general savings. A safety net helps you establish an emergency fund. Custom goals help save for occasions you’d like to save for — for example, vacations or birthdays. General savings is where you will keep savings that aren’t for specific occasions. no monthly service fee0.25%$5How savings tools work: Connexus Digital Banking offers a savings goal feature. Implement the savings goal feature in online banking, so you’re able to assign target amounts.no monthly service feeup to 4.00%$0How savings tools work: Current is a mobile banking platform with banking products for adults and teens. The Current Account has a special feature called a Savings Pod. You can create a Savings Pod through the platform’s mobile app to save for a specific goal. You’ll also be able to add an image and description. Each pod may hold a maximum of $2,000 and earn up to 4.00% APY (Annual Percentage Yield).no monthly service feeNone$0How savings tools work: Daylight is a mobile banking platform that serves and supports LGBTQ+ folks. Through the mobile app, you’ll be able to set up and track individual financial goals.If you plan to have a gender-affirming surgery in the future, Daylight also has a guided goal feature, which has a virtual assistant that can help you understand more about the process.No monthly service fee. $25 minimum deposit. FDIC Insured.no monthly service fee0.00% to 0.15%$25 to open, $2,500 to earn interest and 1% cash back on purchasesLendingClub has a solid rewards checking account; it lets you earn 1% cash back on qualified debit card purchases if you have $2,500 in your account. How savings tool works: LendingClub has a special mobile feature for checking accounts called Goalkeeper. To access Goalkeeper, log in to mobile banking and create a goal for anything you’d like. no monthly service fee1.50%$0NBKC Bank is a strong online financial institution because it has low minimum opening deposits and low fees on most accounts. But it’s not a good match if you like in-person banking, unless you live in Kansas City, MO. You can also earn higher rates at the best online banks right now.How savings tool works: NBKC has a hybrid checking/savings account. Set up individual goals through the account through online and mobile banking. no monthly service feeup to 5.00%$03% cash back on Walmart purchasesONE could be a good fit if you are comfortable with keeping your money all in one account. The ONE account pays a competitive interest rate on savings balances up to $250,000 and it’s on par with the savings rates of our best high-yield savings account guide.How savings tool works: ONE simplifies banking with a hybrid checking/savings account. You’ll be able to manage individual goals or through what are called pockets. You’ll start with three pockets: a Spend Pocket, a Save Pocket, and an Auto-Save Pocket (for automatic savings deposits). You may also add more pockets for customizable goals. 30-day free trial then Basic ($3 monthly), Complete ($6 monthly), or Premier Plan ($12 monthly)0.10%$0.01How savings tool works: Qapital is a mobile banking platform that can help you save and invest. If you open the Qapital Goals Account, you’ll be able to use unique savings  tools called “Rules.”  When you apply a Rule, any money saved will go toward a goal set up in your Goals Account.For example, let’s say you use “The 52 Week Rule.” Every week, some money will be transferred into your account until you have $1,378 saved up over the course of 52 weeks.no monthly service fee0.01%$5 at a branch, $50 onlineHow savings tool works: MyGreenInsights is a unique online banking feature if you have a Regions bank account. You’ll be able to create a budget and establish goals for how much you’d like to save or spend in a certain area. no monthly service fee4.25%$0 ($0.01 balance to earn interest)How savings tool works: Through Sallie Mae’s savings accounts, you’ll be able to set up specific savings goals online and monitor them. Earn up to a $300 bonus with qualifying direct deposits for eligible customers through 6/30/24. Earn up to 4.60% APY on savings balances (including Vaults) with direct depositno monthly service feeup to 4.60%$0up to $300SoFi Checking and Savings is a great account option if you don’t mind keeping your savings and checking in one account.How savings tool works: You can set individual goals through SoFi’s Money Vaults. Create categories for Money Vaults through online or mobile banking.A high-yield cash account that earns 5.00% annual percentage yield. No account fees. APY as of 11/3/2023.no monthly service fee5.00%$1The Wealthfront Cash Account is a solid high-yield checking account. But if you’re looking to open a separate savings account, take a look at our best high-yield savings accounts guide.How savings tool works: Save for distinct savings goals through Wealthfront’s mobile app. You can also set up goals, so they’re completed in a specific order.no monthly service fee0.10% to 1.56%$0How savings tool works: Money Tracker is a special mobile banking feature for Wings Financial Credit Union account holders. You’ll be able to create goals and track them each month. Money Tracker also lets you establish a budget and assign categories for spending. Brian Walsh, CFP® professional and senior manager of financial planning at SoFi, says budgeting tools can play an important role in the way a person manages their finances. “People who use budgeting tools are actually much more likely to spend more responsibly, have an emergency, fund, pay off their credit cards, have a retirement account — all these great things when it comes to their personal finances. There is significant research that shows that using these types of tools can be very powerful for everyday people,” Walsh says.You’ll need to set up online banking and have money deposited into your account to utilize the budgeting tools for most of the accounts listed.  Once you set up an account, you can separate your savings into specific goals. Walsh says budgeting tools are helpful for people who would prefer to have a general idea of where their money is going but don’t want granular details or specifics.”Most people, they just want a high-level overview, and they want it in the palm of their hand. So, it can help them kind of nudge them into making slightly more responsible decisions on their spending,” adds Walsh.If you find it overwhelming to save for goals using a spreadsheet or calculator, a bank account with budgeting tools may ultimately provide a unique option worth exploring.

Source