That’s why we created Purpose Savings – to help you build momentum. By rewarding smaller balances with higher rates, every deposit feels like progress, not pressure.
This isn’t just a place to hold money. It’s a way to make progress toward what matters to you.
Whether you’re starting an emergency fund, saving for a car, planning a home project, or working toward your next milestone, Purpose Savings helps turn small steps into visible progress.

To earn, simply deposit $25 or more into your Purpose Savings account each month and enroll in eStatements1. Have a higher balance? Your remaining balance over $10,000 will earn .10 APY*.
How It Works Account Details
With higher rates on lower balances, your savings grow from day one. Customizable goals help you stay focused, while built-in encouragement keeps you motivated. And with the flexibility to fit real life, saving becomes something you can stick with. Purpose Savings isn’t about where you are today. It’s about where you’re going next.
Create customizable savings goals within Skyla's Digital Banking to track progress
Deposit at least $25 per month* into your account to build a savings habit and earn
Earn higher rates on lower balances to help jumpstart your savings and achieve your goals faster
Nope! Our Purpose Savings does not have a minimum monthly balance requirement, but there is a minimum opening balance of $25.
Yep! In order to earn on your account, deposit at least $25 throughout the month and enroll in eStatements1.
If you don't meet the account requirements of at least one $25 monthly deposit and enrollment in eStatements, you'll earn .10% APY* on your balance.
Setting custom savings goals within your Purpose Savings account helps you stay on track and lets you see your progress as you work toward what matters most.
We'll do a happy dance with you! Afterwards, we encourage you to set a new savings goal to continue your savings momentum.
*APY = Annual Percentage Yield. Rates are subject to change. Please review our current rate list. Rates as of 03/01/2026. Fees may reduce earnings. Some restrictions apply. To receive the 5.00% APY interest rate, members must meet the required monthly activity and have a balance of $0.00 - $1,000.00. Balances between $1,000.01 - $10,000.00 will earn 4.00% APY. Balances above $10,000.01 and non-qualifying accounts will earn .10%. Please review the Truth-in-Savings for information. Only one Purpose Savings account per primary member.
1Otherwise receive a $2 paper statement fee / month.
2Other FI surcharges may still apply.
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