Goal-Based Savings: Realize Your Financial Goals!
Mon, 01/22/2024 - 14:20 Personal finances

In the fast-paced rhythm of modern life, setting and achieving financial goals often takes a back seat. Setting clear goals provides a roadmap for your financial journey, and Stock Yards is pleased to offer Goal-Based Savings within online and mobile banking!
Within Stock Yards Bank & Trust’s Online and Mobile Banking, you have the power to create, fund, and manage your savings goals for whatever you choose! Whether it be for household emergencies, vacations, retirement, a wedding – the choice is yours.
Goal-Based Savings will calculate a recommended transfer amount and the frequency needed to achieve your goal within the chosen timeframe. Your progress will be tracked throughout the entire goal duration.
Ready to get started? Here are a few frequently asked questions:
Q: How many goals can I have?
A: Each online banking user can set up to 10 Goal-Based Savings.
Q: I have a recurring transfer set up to fund my Goal-Based Savings. How can I edit or stop the transfer from happening?
A: In online/mobile banking, click on Menu -> Transactions -> Activity Center -> Recurring Transactions to find the transaction.
Q: I have reached my goal! How will the funds be placed into my account?
A: When you have reached your goal, select the goal coin from your online/mobile banking, go to details and settings and choose Transfer and Close Goal. You will then be able to select the account you would like your goals to be deposited into.
Q: Will funds continue to transfer after I reach my Goal?
A: When a goal is closed, recurring transfers associated with your Goal-Based Savings will automatically be canceled.