You work hard for your money and you want to get the most out of it. And no matter what job you have, you will most likely utilize direct deposit in order to get your paycheck each month. After that, what you do with your money is up to you. You can spend it, invest it, save it, or put towards whatever you want. Related: Do You Need A Financial Fitness Routine? The purpose of direct deposit is to save you time and make your money as easy to access as possible. But what if your direct deposit form allowed you to put your money into a risk free account that allows it to earn interest and grow over time? This is what an online savings account can do for you.