I already have a savings account I transfer money to. Do I need to set up a new account?

If you already have a savings account that you transfer money into, you are welcome to use that account as your auto-save account. However, if your current savings account is connected to your main checking account, and you find you transfer money out of it often (or are tempted to), you may still want to consider opening a separate account that is not as easily accessed. Out of sight, out of mind!