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Automated deposits are an easy and effective way to build a bigger bank balance and plan for short and long-term goals.
Financial wellness platform Even is launching a new product that allocates up to 30% of an employee’s paycheck to savings for up to three distinct goals via direct deposit. Employees will be able to automatically transfer up to 10% of each paycheck for each goal.
Evelina Nedlund is an associate editor of Employee Benefit News and Employee Benefit Adviser. She can be contacted via email at evelina.nedlund@arizent.com.
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