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Budgeting

May 1, 2020

Auto-Stash Can Help You Double Your Savings

By Stash Team

Auto-Stash makes saving money easier by making it automatic. Learn how a few taps can help get you to your goals faster.

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Light a fire under your cash with just a tap of a button.

We tested it: As of August 2018, Stash customers that kept Auto-Stash turned on for a year saved twice as much on average as Stashers who didn’t. (We also found that if you used Auto-Stash from the Great Recession of 2008 to March 2020, you could’ve doubled your savings.)

Stash customers who had Auto-Stash turned on for a year saved $1,432. Customers who didn’t? $665.59.

That’s a big difference.

See below for methodology and disclaimer1

What is Auto-Stash?

Auto-Stash is two different tools—Set Schedule and Round-Ups. These tools are designed to help you invest regularly in your portfolio, by putting your investing strategy on automatic.

With Set Schedule, you can easily build a schedule to save and invest a set amount. You select the amount you want to set aside, when and how often you want to set it aside, and whether you’d like Stash to automatically invest it in your ETFs and stocks, or simply place the money in your cash to invest balance.

If you choose to enroll in Round-Ups, Stash will round up your purchase to the nearest dollar every time you spend with the debit card associated with your linked checking account. For example, if you spend $10.50, we’ll automatically round up your purchase by $.50. Once your savings add up to $5 or more, we’ll transfer the spare change to your personal investment account cash to invest balance. From there, you can invest it into any of Stash’s investment offerings.

Make saving and investing a habit.

Go automatic with Auto-Stash.
Start now

Make saving and investing a habit.

Go automatic with Auto-Stash.
Start now

Make saving and investing a habit.

Go automatic with Auto-Stash.
Start now

Convince me, why should I Auto-Stash?

Making small deposits and investments on a regular basis is one of the keys to smart investing. When you invest a little bit on a regular basis, you don’t need to worry about picking the right time to invest. If you invest on a schedule, you’ll get some at a higher price, and some at a bargain and your average price will be somewhere in the middle.

Regular investing has dollar-cost averaging benefits, is a key part of the Stash Way.

One thing to remember: When turning on Auto-Stash is that this money will be taken out of your account automatically so if you don’t have enough money to cover the Auto-Stash, your bank may charge you an overdraft fee.

Yes, I want to automate my savings!

Right on, just go to the Stash app and turn on Auto-Stash.

Don’t have Stash yet? You can sign up now.

Make saving and investing a habit.

Go automatic with Auto-Stash.
Start now

Make saving and investing a habit.

Go automatic with Auto-Stash.
Start now

Make saving and investing a habit.

Go automatic with Auto-Stash.
Start now

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Written by

Stash Team

1Chart disclaimer: The data is for the one year period after a user makes their first transfer. The example is a hypothetical illustration of mathematical principles and is not a prediction or projection of performance of an investment or investment strategy. The example does not account for fees.
Methodology: This analysis was done by comparing Stash users who had Auto-Stash on for at least a year (86,718 users) vs. users who had never turned on the Auto-Stash feature (24,101 users) but continued to save without Auto-Stash throughout that year. The amount saved is the average dollar amount users were able to save in their Stash accounts in a one year time period starting on the date of their first transfer or first Auto-Stash.
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