How does Credit Builder Work? - Credit …
https://support.creditkarma.com/s/article/Credit-Builder-FAQ
You decide how much you want to save each paycheck. That amount is transferred from your Line of Credit to your locked Credit Builder savings account every pay period. This transfer is done automatically when you enroll in the optional AutoSave Program or can be manually initiated by you. Credit Karma monitors the savings account interest rates of over 800 banks in its partner network. Each month, it optimizes its rates by moving customers' funds to the network banks that are paying the highest yields. If the interest rate changes in a given month, Credit Karma Savings members will see the new rate on the first of the month.
You decide how much you want to save each paycheck.
That amount is transferred from your Line of Credit to your locked Credit Builder savings account every pay period.
This transfer is done automatically when you enroll in the optional AutoSave Program or can be manually initiated by you.
Credit Karma monitors the savings account interest rates of over 800 banks in its partner network.
Each month, it optimizes its rates by moving customers' funds to the network banks that are paying the highest yields.
If the interest rate changes in a given month, Credit Karma Savings members will see the new rate on the first of the month.
DA: 88 PA: 25 MOZ Rank: 72
