If you kept all of your savings in one account and just mentally tracked how much you’re saving for your different goals, things can get … messy. Luckily, plenty of modern savings accounts can help organize your savings goals.
How to separate your savings goals
There are two main ways to separate your savings goals:
Buckets or subaccounts
Savings goal feature
Savings accounts with “buckets” or subaccounts allow you to organize your savings into multiple, distinct categories within a single account. Each bucket can be named for a specific goal, like a vacation fund, emergency savings or a home down payment.
Alternatively, there are bank accounts with a built-in savings goals feature that usually includes the ability to name a savings goal and track your progress. Create individual goals, like “New Laptop” or “Holiday Travel,” in your banking app and set a target amount. Then, as you save, you can track your progress visually or percentage-wise. Additionally, you usually have the option to set up automatic transfers to help you reach each goal faster.
Hot tip
A savings account with a bucket functionality usually also comes with an automated transfer function to fund each bucket, making it a hands-off way to save for multiple purposes at once.
5 best savings accounts to name your savings goals
Wealthfront’s Cash Account earns a competitive 3.3% APY without requiring direct deposit and charges no monthly fees. You can create and name up to eight customizable savings goals, create your own automated plans and set recurring transfers to move money to your savings goals. Additionally, Wealthfront’s account comes with an optional debit card, no withdrawal limits, up to $8 million in FDIC insurance and an APY boost for referrals.
The SoFi Checking & Savings account earns up to 3.10% APY on your savings balance, and you can create up to 20 Vaults to separate your savings goals. You can also name those Vaults to keep things organized and set up savings round-ups to be deposited automatically into one of those Vaults whenever you make a purchase. Also, you earn 0.50% on checking balances. However, to earn up to 3.10% APY on the savings, you must either set up direct deposit or deposit at least $5,000 per month or pay a $10 monthly membership fee for SoFi Plus.
New and existing Checking and Savings members who have not previously enrolled in Direct Deposit with SoFi are eligible to earn a cash bonus of either $50 (with at least $1,000 total Eligible Direct Deposits received within 25 calendar days of your first Eligible Direct Deposit of $1 or more) OR $400 (with at least $5,000 total Eligible Direct Deposits received within 25 calendar days of your first Eligible Direct Deposit of $1 or more). Cash bonus amount will be based on the total amount of Eligible Direct Deposit received within 25 calendar days of your first Eligible Direct Deposit of $1 or more. If you have satisfied the Eligible Direct Deposit requirements but have not received a cash bonus in your Checking account, please contact us at 855-456-7634 with the details of your Eligible Direct Deposit. Direct Deposit Promotion begins on 5/15/2026 and will be available through 12/31/26. See full bonus and annual percentage yield (APY) terms at sofi.com/banking/checking-offer/
Annual percentage yield (APY) is variable and subject to change at any time. Rates are current as of 5/28/26. There is no minimum balance requirement. Fees may reduce earnings. Additional rates and information can be found at https://www.sofi.com/legal/banking-rate-sheet
We do not charge any account, service, or maintenance fees for SoFi Checking and Savings. We do charge transaction fees for outgoing wire transfers, Instant Transfers, and global remittance transfers. Our fee policy is subject to change at any time. See the SoFi Bank Fee Sheet for details at sofi.com/legal/banking-fees/.
SoFi Bank is a member FDIC and does not provide more than $250,000 of FDIC insurance per depositor per legal category of account ownership, as described in the FDIC’s regulations. Any additional FDIC insurance is provided by the SoFi Insured Deposit Program. Deposits may be insured up to $3M through participation in the program. See full terms at SoFi.com/banking/fdic/sidpterms. See list of participating banks at SoFi.com/banking/fdic/participatingbanks.
We’ve partnered with Allpoint to provide you with ATM access at any of the 55,000+ ATMs within the Allpoint network. You will not be charged a fee when using an in-network ATM, however, third-party fees may be incurred when using out-of-network ATMs. SoFi’s ATM policies are subject to change at our discretion at any time.
Early access to direct deposit funds is based on the timing in which we receive notice of impending payment from the Federal Reserve, which is typically up to two days before the scheduled payment date, but may vary.
Overdraft Coverage is a feature automatically offered to SoFi Checking and Savings account holders who receive at least $1,000 or more in Eligible Direct Deposits within a rolling 31 calendar day period on a recurring basis. Eligible Direct Deposit is defined on the SoFi Bank Rate Sheet, available at https://www.sofi.com/legal/banking-rate-sheet. Members enrolled in Overdraft Coverage may be covered for up to $50 in negative balances on SoFi Bank debit card purchases only. Overdraft Coverage does not apply to P2P transfers, bill payments, checks, or other non-debit card transactions. Members with a prior history of unpaid negative balances are not eligible for Overdraft Coverage. Eligibility for Overdraft Coverage is determined by SoFi Bank in its sole discretion. Members can check their enrollment status, if eligible, at any time by logging into their account through the SoFi app or on the SoFi website.
Earn up to 3.80% Annual Percentage Yield (APY) on SoFi Savings with a 0.70% APY Boost (added to the 3.10% APY) for up to 6 months. Open a new SoFi Checking & Savings account with Eligible Direct Deposit by 12/31/26. Rates variable, subject to change. Terms apply at sofi.com/banking#2. SoFi Bank, N.A. Member FDIC.
Revolut’s personal accounts offer high APYs and the ability to create up to 100 savings Pockets for sorting and naming your goals. You can name each Pocket, choose an image for them, set goals and then set up automatic transfers. Revolut also offers a savings round-up feature, called spare change, that sounds up your purchases to the nearest dollar and deposits the rounded-up amount into the Pocket or savings account of your choice. Revolut has three plans (Standard, Premium and Metal), each with different APYs for its High-Yield Savings and regular savings, ranging from 3.25% to 5.5% APY. So, regardless of your plan, you’ll get a very competitive rate much higher than national averages. On the downside, Revolut is an online-only option.
Revolut is not a bank. Fees may apply. Banking services are provided by Lead Bank, Member FDIC. The Revolut USA Prepaid Visa and Prepaid Mastercard are issued by Lead Bank pursuant to licensing by Visa® U.S.A. Inc. and Mastercard International for Mastercard cards. Your funds are FDIC insured up to $250,000 through Lead Bank, Member FDIC, in the event Lead Bank fails. See revolut.com/en-US/ for more details.
The Annual Percentage Yield (APY) is a variable rate and may change at any time. APYs are accurate as of 29 September 2025. APYs vary by plan and account type. The rates are as follows: Standard Plan: 4.00% APY for balances in a High Yield Account; 3.25% APY for balances in other Savings Accounts. Premium Plan: 4.50% APY for balances in a High Yield Account; 3.35% APY for balances in other Savings Accounts. Metal Plan: 5.50% APY for balances in a High Yield Account; 3.75% APY for balances in other Savings Accounts. Plan fees and cancellation fees apply for Premium and Metal plans. T&Cs apply. No min balance to open; $0.01 min. to earn APY. Only 1 High Yield Account is permitted and is limited to $10,000 USD in user initiated deposits. The max combined balance of all Savings Accounts is $250,000 per user. Savings Account services provided by Cross River Bank, Member FDIC, insured up to $250,000.
Ally Bank Savings Account offers up to 3.00% on all balances, with no monthly maintenance fees or opening deposit requirements. With either the Ally checking or savings account, you can create up to 30 “buckets” that let you divide your money into named goals. You can also use a variety of savings tools, such as recurring transfers, Round Ups and Surprise Savings.
Capital One’s 360 Performance Savings earns a solid 3.00% APY with no monthly fees or minimums. While it doesn’t have formal “buckets,” Cap One lets you create up to 25 savings accounts per customer, giving you flexibility to name and fund separate goals. Cap One also has no-monthly-fee teen checking and kid savings accounts options, making it a family-friendly option with easy mobile access and high APYs overall.
Methodology: How we chose the best savings goal accounts
Finder’s banking experts compare hundreds of savings accounts to narrow down the best options for savings goals. While APYs are a must for a top savings account, for this list, we prioritized finding savings accounts with the ability to separate, name and create savings goals, or the functionality of creating subaccounts (buckets, vaults, etc.). To further narrow down our list, we looked at accounts with extra features, such as round-ups and auto-transfers, to make saving even easier.
To be considered on our best list, accounts need to meet the following minimum criteria:
Must have savings goal functionality or subaccount creation
$0 monthly fees
$0 opening deposit requirements
Competitive APYs, preferably above 3.00% APY
So you’ve set a savings goal — now what?
Creating savings goals is the easiest part of saving. You can name each savings goal, set a target rate and daydream about how it will feel to achieve that goal.
The real savings challenge is sticking to the plan after the excitement wears off.
That’s where tools like automatic transfers, visual progress tracking and even small reminders can make a big difference. Here are some tips to keep your savings goals on track:
Name your goals. You’re already looking for accounts with this functionality, so you’re halfway there. Naming the savings goal reminds you why you’re saving, and it can keep you motivated.
Automate it. Set up recurring transfers so money moves to your savings without you having to think about it.
Make it visual. Use savings buckets or goal trackers in your banking app to see your progress grow.
Break it down. Instead of saving $1,000 in one shot, aim for $25 or $50 a week. Smaller milestones are easier to reach and help build momentum.
Keep the money out of reach. Consider keeping your savings in a separate account (or a locked goal) so you’re not tempted to dip into it for everyday spending.
Set reminders. If you have a regular pay schedule, set a reminder for your paydays to transfer a little bit of money toward your savings goals.
Setting up savings buckets is usually quick and easy, and most banks with the feature let you do it right from their app. The exact steps vary by provider, but here’s how to set up SoFi’s Vaults as an example:
Log in to SoFi®‘s savings account.
Choose Add Vault.
Select a pre-named Vault, such as Travel, or customize the Vault’s name.
Finish creating the vault and move money from your SoFi Checking account to the Vault, or vice versa.
Some accounts also let you round up purchases or use AI tools to help fund your buckets faster. In the case of SoFi, you can set up round-ups so each debit card purchase is rounded up to the nearest whole dollar, and the rounded-up amount can be transferred to the Vault of your choice.
SoFi Image credit
Bottom line
Savings goals and buckets can be great tools to help build your savings. Whether saving for your kids’ college education, a wedding, vacation or creating an emergency fund, having a savings account with automation and organization tools can help you reach those goals.
Yes, all accounts featured on our best list are FDIC insured, either directly through the bank or through partner banks. If you need more deposit insurance than the typical $250,000, check with providers like Wealthfront or SoFi, as they use a network of banks to increase coverage.
For the most part, no, most savings accounts with savings buckets are part of a single savings account, so the total balance earns interest at the same rate.
However, you'll want to check your account carefully. While most subaccounts consider you're entire balance, we have found a few accounts that earn interest separately, such as Current's "pods." The digital account Current comes with three savings pods, which can earn up to 4.00% in each pod separately by meeting deposit requirements.
Typically, yes, savings accounts with goals do have limits on how many buckets or individual savings goals you can create. For example, Wealthfront allows up to eight savings goals, SoFi offers up to 20 Vaults and Ally allows up to 30 buckets.
That depends on the bank account. Many online savings accounts don't have withdrawal limitations, such as SoFi and Wealthfront, but some banks will restrict withdrawals up to six per month. Check with your bank to learn your daily, weekly or monthly withdrawal limits.
Bethany Hickey is the banking editor and personal finance expert at Finder, specializing in banking, lending, insurance, and crypto.
Bethany’s expertise in personal finance has garnered recognition from esteemed media outlets, such as Nasdaq, MSN, Yahoo Finance, GOBankingRates, SuperMoney, AOL and Newsweek. Her articles offer practical financial strategies to Americans, empowering them to make decisions that meet their financial goals. Her past work includes articles on generational spending and saving habits, lending, budgeting and managing debt.
Before joining Finder, she was a content manager where she wrote hundreds of articles and news pieces on auto financing and credit repair for CarsDirect, Auto Credit Express and The Car Connection, among others.
Bethany holds a BA in English from the University of Michigan-Flint, and was poetry editor for the university’s Qua Literary and Fine Arts Magazine.
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The Varo savings account is a no-fee savings account with up to 3.75% APY, but you need the Varo checking account to get it.
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