A sizable fraction of the population does not have high-yield savings accounts, thereby missing out on the opportunity for earning interest. Savings accounts are liquid, making them a good vehicle for an emergency fund and for meeting short-term goals (vacation, wedding, etc.) while enabling the growth of money. This disclosure describes a savings account that can be signed up and accessed from a payment application on a mobile device. The described savings account, interfaced to the user via a familiar payment application, enables users to learn the benefits of, gain trust in, and readily access savings accounts, thereby enjoying a higher interest on their savings while maintaining liquidity. The described savings account and payment application also enables users to set and track financial goals.

Creative Commons License

Creative Commons License
This work is licensed under a Creative Commons Attribution 4.0 License.