We analyze your income and expenses and automatically set aside savings for you every week or every pay period.
You can set a savings goal that you would like to reach per week or per pay period. We will then evaluate your balance to find the right time to set aside the savings and make the transfer for you.
If you choose the weekly option, we will make up to four transfers to your Empower account a week, depending on your account activities and balance, to fit your needs. That means that if there are insufficient funds in your external account, we will not take money from it for the AutoSave. These transfers will occur at most once a day from Monday-Thursday.
If you choose the paycheck option, we will make the transfer on your predicted pay date.
We know life happens, so you can make changes to your savings plan anytime. But, keep in mind that we can't make changes to any pending transactions.
After your autosave is set up, you can monitor your savings progress on your Empower app.
*Your Empower account is FDIC insured, and you can transfer your money any time.