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What are Savings Goals?
- Savings Goals are like virtual piggy banks designed to help you save money for various purposes. They are integrated within your checking account and allow you to create multiple savings targets. Unlike traditional separate savings accounts, these are pocket accounts that help you organize and track your savings within your existing account.
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Do Goals earn interest?
- Yes, Goals earn the same interest rate as your nbkc Everything Account. There is no minimum balance required to earn interest. Rates may change over time. Check out our current rates.
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How often can I move money to/from a Goal?
- You can close a Goal or transfer money in/out at any time. There are no fees for closing a Goal before it has been completed.
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How can I access Goals?
- Access and manage your Goal Accounts from any device. Just log in to your online banking profile to set up and close Goals or transfer funds.
- Note that Goals are only viewable within your online banking platform and generate a separate bank statement.
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When are Goal funds available?
- Funds transfer instantly between Goals and your nbkc Everything or Money Market Account.
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Can I use a Debit Card or ACH Payment on a Goal?
- No, funds saved toward a Goal cannot be accessed directly via debit card, ATM, Bill Pay, external transfer, or customer-to-customer transactions. You will want to transfer these funds to your nbkc Everything or Money Market Account to schedule payment or use a Debit Card.
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Can I fund a Goal with an external account transfer?
- You cannot directly fund a Goal with a non-nbkc account, or transfer funds from a Goal to a non-nbkc account. You can transfer funds to your nbkc Everything or Money Market Account and then move the funds to your desired Goal.
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Can I directly deposit my paycheck into a Savings Goals account?
- Direct deposit can’t be sent directly to Savings Goals accounts. However, you can set up direct deposit to your nbkc Everything Account and then instantly transfer funds to your Savings Goals. This makes it easy to allocate money to specific savings goals once your paycheck is received.
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Do funds in Savings Goals stay in my main account?
- Savings Goals set funds aside from your main account while keeping them accessible within nbkc. You can move the money back to your main account anytime.
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Can Goals be set up for Overdraft Protection?
- At this time Goals cannot be set up for Overdraft Protection.
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Can I have a joint Goal?
- Goals are exclusive to each online banking user. If you share a joint account with someone else, you'll have exclusive access to the Goals you set up as long as you have a separate online banking login.
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Do money market accounts offer savings goals features?
- Yes, money market accounts do offer Savings Goals. However, funds placed into these goals may not earn the same high interest rate as the main money market account balance.
Legal Stuff
Find the Electronic Records (eSign) Disclosure / Consent and Service Agreement / Savings Goals Agreement at nbkc.com/disclosures.
Have more questions?
Chat with us at nbkc.com or email us at customersupport@nbkc.com, or give us a call at 866.931.0850. We're here to help!