Having a Savings Account allows you to set aside a fixed daily amount for your savings account.
To open a Savings Account, go to your Main Menu > Sub Accounts section > Savings Account. Through the setup process you’ll be able to choose the fixed amount you want to set aside everyday, but the transfer of funds into the account will be once a week. For example, if you choose $1 a day, we will deduct $7 a week from your checking account. You can auto-save up to $100 a day (or $700 a week).
You can change your auto-saved amount at any time.
The Savings Account is available for Lili Pro, Lili Smart and Lili Premium users only and receives 4.15% APY (effective September 1, 2023, please refer to Lili's terms and conditions).
Please note that the 4.15% APY applies for balances up to $100,000. Any portions of a balance over $100,000 will not earn interest or have a yield.
Lili is a technology company and not a bank. Banking services are provided by Choice Financial Group, Member FDIC. The Lili Visa® Business Debit Card is issued by Choice Financial Group, Member FDIC, pursuant to a license from Visa U.S.A.