Online savings acct that allows sub accounts?

[Anonymous]

I'd suggest you look into Qapital.

[MakingProgress]

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@Anonymous wrote:

Alliant offers this option on their savings accounts. 

Alliant’s supplemental savings is specifically for saving up for specific goals, you actually name the accounts when you set them up. You can have up to 19 supplemental savings attached to your primary. It’s also got a rather nice 2.1% APY with no maximum balance ceiling. 

Capital One 360 also allows you to open up to 25 savings accounts but it doesn’t look like they function the way they do at Alliant and the 1% APY is much lower than the 2.1% at Alliant. 

Capital One pays their 1% on any balance, Alliant pays 2.1% on $100 or more. 

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I didn't realize any banks/cu offered a sub account.   I have a money market that is my savings and in my records I have MM Savings, MM Car, MM Vacation, MM Donations, MM for DD, etc.  With my set up I know what I have set aside for each item, but statment from bank only shows the total so I reconcilition is a pain.  

How does the Alliant account work?  Do you deposit to the main account and then transfer to the sub accounts or can you deposit directly to the sub accounts?   Is it one statment or multiple statements?

[Anonymous]

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@MakingProgress wrote:

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@Anonymous wrote:

Alliant offers this option on their savings accounts. 

Alliant’s supplemental savings is specifically for saving up for specific goals, you actually name the accounts when you set them up. You can have up to 19 supplemental savings attached to your primary. It’s also got a rather nice 2.1% APY with no maximum balance ceiling. 

Capital One 360 also allows you to open up to 25 savings accounts but it doesn’t look like they function the way they do at Alliant and the 1% APY is much lower than the 2.1% at Alliant. 

Capital One pays their 1% on any balance, Alliant pays 2.1% on $100 or more. 

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I didn't realize any banks/cu offered a sub account.   I have a money market that is my savings and in my records I have MM Savings, MM Car, MM Vacation, MM Donations, MM for DD, etc.  With my set up I know what I have set aside for each item, but statment from bank only shows the total so I reconcilition is a pain.  

How does the Alliant account work?  Do you deposit to the main account and then transfer to the sub accounts or can you deposit directly to the sub accounts?   Is it one statment or multiple statements?

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Honestly you would have to ask them. I don’t have any business with Alliant, I just knew this was one of the things they offered. The way they talk about it on the website though, it sounds like it’s actually split into true sub-accounts which makes sense since Alliant has the same APR rate across their savings accounts as long as they have $100 minimum. 

[howellco2]

I use Ally I have 5 accounts and a checking and they let me pull and push ACH and usally deposits next day