I just heard about this new savings account called Digit. It’s an FDIC-insured savings account that helps you save money by automatically removing what it considers to be extra cash from your regular savings account. It does this by monitoring your spending habits.

I’m not sure I’ll make use of this, but the idea behind it seems pretty fantastic. I know saving money is a tough thing to do for anybody so having some of the extra cash in your bank account put aside for you (rather than you doing it yourself) is not only going to be helpful but undoubtedly beneficial as well.

And IF you ever need that saved money from Digit, you can just grab that cash and put it back into your regular account — for free. Sounds like a godsend for many. Check it out here (The Verge wrote a post about this service as well).