Build an Emergency Fund and Earn Up To 0.80% APY

Broken phones don't have to break the bank. Be prepared with a Simple Emergency Fund.

Apply Now

Create Your Own Emergency Fund

Part of feeling confident with your money is knowing you can weather unexpected storms when they show up. However, saving up for that moment can be pretty hard. In fact, a recent report suggested that over half of Americans don’t even have $1,0002 in savings. If you’re one of those Americans struggling to save, we think we can help solve this challenge.

  1. Open a Savings Goal (which lives inside a Protected Goals Account)
  2. Open an Emergency Fund
  3. Start saving!

That’s it!

Apply Now

Earn up to 0.80% APY on Your Protected Goals Balance!

We want more people to feel the confidence of having a safety net for the unexpected. Build your Emergency Fund faster with an interest rate that is higher than the national average.

Apply Now

How To Use an Emergency Fund

Here’s a bit more about how it works:

  • Personalize your Emergency Fund. As you set up your Emergency Fund, you’ll see some handy suggestions for how much to save up, and you can tailor it to your needs.
  • Contribute automatically. We’ll set money aside every day, based on how much and how quickly you want to build up your Emergency Fund.
  • Keep it tucked away. You won’t accidentally spend from your Emergency Fund because the funds are set aside in a separate Protected Goals Account.
  • Use it when you need it. To use what you’ve saved up, just transfer the money from your Emergency Fund into your Safe-to-Spend in your main Simple account.
Apply Now

Like a bank, but Simple

Banking shouldn’t be complicated. Or unfriendly. We don’t profit from customer confusion. We wake up every day excited to help our customers feel more confident with their money.

The finest print: The rates are effective as of August 25, 2020, are variable and subject to change after the account is opened. Accounts subject to approval. Balances in your Simple Account earn 0.01% Annual Percentage Yield. In order to open a Protected Goals Account, you must already have a Simple Account open. For the Protected Goals Account, see the rates below.

Daily Collected Balances

This means that we use the account’s
end of day balance to calculate the interest earned that day.
$0.01 to $1,999.99 0.80%
$2,000 to $4,999.99 0.80%
$5,000 to $9,999.99 0.80%
$10,000 to $14,999.99 0.80%
$15,000 to $19,999.99 0.80%
$20,000 and above 0.80%

1 Check it out for yourself (based on the August 24, 2020 National Rate):

2 A $1,000 emergency would push many Americans into debt