Synswi

Embedded Banking

Savings Accounts

Create savings accounts programmatically via API—for businesses and for individuals alike. Whether it's a company setting aside cash reserves or a person building an emergency fund, each savings account is interest-bearing while maintaining FDIC insurance and full API control.

Why Savings Accounts?

Everything you need for savings management:

  • ✓Interest bearing accounts with competitive rates
  • ✓Instant account creation via API in seconds
  • ✓Real-time balances and interest tracking via API
  • ✓FDIC-insured up to $250,000 per account
  • ✓Automated savings with scheduled transfers
  • ✓Full API control for programmatic management

For businesses and individuals

The same savings account infrastructure serves both. Open accounts for an organization, or for the individual people who use your product—through one API.

Business savings

Interest-bearing accounts for companies holding cash they don't need today.

  • Operating reserves
  • Tax and payroll set-asides
  • Project and escrow funds
  • Sweeps from a linked checking account

Individual savings

Accounts for people saving toward something—opened for the individuals who use your product.

  • Emergency funds
  • Goal-based savings
  • Automatic transfers on every payday
  • Interest accrual visible in real time

Common Use Cases

See how savings accounts work for businesses and individuals

Business Savings

Create savings accounts for your business to earn interest on excess cash reserves while maintaining liquidity.

  • Interest earnings
  • Cash reserves
  • Liquidity
  • FDIC protection

Customer Savings

Create savings accounts for your customers programmatically - perfect for financial services, marketplaces, and platforms.

  • Customer savings
  • Interest earnings
  • Automated onboarding
  • Account management

Automated Savings Plans

Set up automated savings plans that transfer funds from checking to savings accounts on a schedule.

  • Automated transfers
  • Savings goals
  • Interest growth
  • Consistent savings

Emergency Funds

Create dedicated savings accounts for emergency funds, reserves, or specific savings goals.

  • Emergency reserves
  • Goal-based savings
  • Interest growth
  • Fund separation

Key Features

Everything you need for savings account management

Savings Accounts

Create savings accounts programmatically via API - perfect for storing funds, earning interest, and long-term savings goals.

Interest Bearing

Earn competitive interest rates on savings account balances - grow your funds while maintaining liquidity and FDIC insurance.

API-Driven Creation

Instant account creation through simple API calls - no manual processes or waiting periods. Create accounts in seconds, not days.

FDIC Insured

All savings accounts are FDIC-insured up to $250,000 per depositor, per bank, per ownership category - same protection as traditional banks.

Real-Time Balance Tracking

Monitor balances, interest accrual, and transactions for each savings account in real-time via API - perfect for automated reporting.

Automated Savings

Set up automated transfers from checking accounts to savings accounts - perfect for building savings automatically.

Account Capabilities

Advanced features for modern savings accounts

Competitive Rates

Earn competitive interest rates on savings balances

Real-Time Data

Access balances, interest, and transactions in real-time via API

Full API Control

Create, manage, and monitor savings accounts programmatically

Bank-Level Security

FDIC-insured accounts with bank-level security and encryption

Simple API Integration

Create and manage savings accounts programmatically

Create Savings Account

POST /api/v1/accounts/savings
Create a new savings account programmatically

List Accounts

GET /api/v1/accounts/savings
Retrieve all savings accounts with balances and interest information

Get Account Balance

GET /api/v1/accounts/savings/{id}/balance
Get real-time balance and accrued interest for a specific savings account

Ready to Create Savings Accounts?

Create savings accounts via API for businesses and individuals alike—cash reserves, personal savings goals, and automated savings plans. Get started today and help your customers grow their savings.