Savings and Goals
Save Money with Interest | Meet Your Savings Goals | PayPal US
Save Money with Interest | Meet Your Savings Goals | PayPal US Earn interest with PayPal Savings 3.55% APY1 with PayPal Savings That’s 9x the national average.1 Sign up for a PayPal Savings account today. It’s free to set up. And there are no minimums. Start SavingSign Up PayPal Savings is provided by Synchrony Bank, Member FDIC. Money in PayPal Savings is held at Synchrony Bank. A PayPal Balance account is required to use PayPal Savings. PayPal is a financial technology company, not a bank, and is not FDIC-insured. Savings made simple Set up your savings Add money from your linked bank account, debit card, or PayPal balance on a recurring basis. No minimums, no fees Save a little or a lot. You decide. And you don’t have to worry about getting hit with hidden fees. Manage it all in the app Transfer money, track your goals, and access smart savings tips. Set goals Create as many goals as you like. Add money whenever you want. Or have it recurring every week or two. And track your progress in the app. It’s easier than you think Transfer money from your PayPal balance, bank account, or debit card. And you can set up auto-save to make life easier. Start saving today Frequently asked questions How does PayPal Savings work? With PayPal Savings you can keep your money in a deposit account to earn interest and watch your money grow. There’s no minimum balance or monthly fees. Manage your PayPal Savings account directly on PayPal's website or the PayPal app, with 24/7 access. You can add money to your PayPal Savings directly from your PayPal balance or from a linked Visa or Mastercard debit card or a confirmed bank account, via your PayPal balance. PayPal Savings is provided by Synchrony Bank, Member FDIC. Money in PayPal Savings is held at Synchrony Bank. A PayPal Balance account is required to use PayPal Savings. PayPal is a financial technology company, not a bank, and is not FDIC-insured. How do I start saving money with PayPal Savings? You can sign up on PayPal.com or in the PayPal app. Just go to the Finances tab on PayPal.com or the Accounts tab in the PayPal app, and click on Savings. How do I add money to my PayPal Savings? You can add money to your PayPal Savings using: Your PayPal balance A linked Visa or Mastercard debit card A linked and confirmed bank account To add money to your PayPal Savings, click Add Money on the PayPal Savings page and choose from the following options: Add money to General Savings or an existing Goal. Select how much money you would like to add and how often (select either one-time or one of the recurring options). Choose whether you would like to “Get it in seconds” by selecting a linked Visa or Mastercard debit card or your PayPal balance, or “Get it in 3-5 business days” by selecting a linked confirmed bank account. Review your information and click Add Money. When you add money from a linked bank account or debit card, it goes through your PayPal balance, then into your PayPal Savings with Synchrony Bank. There may be limits to how much money you can add to your PayPal Savings. If your PayPal balance drops below $0, we’ll use the funds transferred to first pay down your negative balance. Any remaining funds will be reflected in your PayPal Savings. How do I transfer money from my PayPal Savings to my PayPal balance? To transfer money out of PayPal Savings, you must first transfer it to your PayPal Balance account. Here’s how: First, select whether you’d like to transfer money from your General Savings or one of your goals. Click Transfer. Enter the amount to transfer and click Review. Select PayPal balance. And click Transfer. If you have holds or limitations on your PayPal account, access to your PayPal Savings balance may be impacted. How do I cancel automatic transfers into my PayPal Savings? There are 2 ways to cancel auto-save on the PayPal app or PayPal.com. Once logged in, go to the PayPal Savings page and either: Option 1: Click Auto-save. Click the Manage link next to General Savings or one of your goals. Click Cancel auto-save. Option 2: Select General Savings or one of your goals. Click the Manage link next to Auto-save. Click Cancel auto-save. Is PayPal Savings FDIC-insured? With PayPal Savings, your money is deposited at Synchrony Bank, Member FDIC, and will be eligible for Federal Deposit Insurance Corporation (FDIC) deposit insurance coverage up to $250,000.00 USD. The coverage limit applies to all money held by you at Synchrony Bank, including PayPal Savings, and based on account ownership categories. FDIC insurance protects against the failure of Synchrony Bank, Member FDIC, not the failure of PayPal. PayPal is not a bank and is not FDIC-insured. Find more ways to manage your money PayPal Debit Card Direct Deposit Add Cash Crypto Cash a Check Pay Bills All in the PayPal app It’s your do-it-all digital wallet. Load up on rewards before you shop. Track your packages. And manage it all on the go. Get the app Get the App 1 As of September 30, 2026, the annual percentage yield (APY) for PayPal Savings is 3.55%. This is a variable rate and can change at any time, including after the account is opened. National average source: FDIC National Rates and Rate Caps as of September 21, 2026.