Since I’m most likely Capital One 360’s biggest fan (formerly ING Direct), I thought I would make a post about creating sub-savings accounts for those who don’t know how to do it yet. If you haven’t done it before, you might not know where to start.

So I went in and took some screen clippings while I set one up—visuals always help me. The blacked out parts are my account numbers and you can click on the images for a larger view. So lets get started.

Note: All the images below were taken prior to the switch from ING to Capital One 360, but should still look relatively the same and still be just as useful. More than anything, the colors and name are the only things that have changed. Thank goodness. If you find it too confusing with the older pictures, let me know and I’ll add it to my list.

#1 Log in to your Capital One 360 account (this should bring you to the main accounts page)

#2 Click on Open an Account

#3 Click OPEN NOW from the first line of the Orange Savings section

#4 Choose which account you’d like to open (I choose the regular Orange Savings Account). You can choose from the regular Orange Savings Account or the other variations of the account such as: joint, living trust, living trust joint. After selecting your new account, click on the Continue button.

#5 Fill out the new account information. You can give your sub-accounts nicknames, such as: Emergency Fund, Travel Fund, Car Expenses, etc. If you don’t choose a nickname for your account, they will just use the account number instead (which isn’t as much fun). Next you need to choose where the initial deposit comes from. You’ll be able to choose from your Capital One 360 accounts as well as your linked bank account/s. Finally, fill out the amount of the initial deposit for this account, you can start a new account with as little as 50¢.

#6 Here’s what mine looked like. Now click on Continue.

#7 Now you should be at the Account Creation Confirmation page, review the information for accuarcy. There will also be 2 radio buttons confirming that you have read and agree with their Electronic Delivery Disclousure and the Terms and Conditions. Read them if you wish and then click both the radio buttons if you agree and then click on Open Account.

Now you will see your confirmation and you’re done. Easy peasy.

Then you can click on My Accounts tab up top to see your new account with all your others.

See, it only takes a couple of minutes to create sub-accounts in Capital One 360. I like to do this because it helps me stay focused opposed to just lumping all the money into one account. Since we are planning to visit Italy next year, this new Travel Fund I created will help us stay on track. I even have 50¢ in there so far, not much but it all adds up.

For more information about Capital One 360 you can view my post Capital One 360 & Why I’m In-Love!

If you have any questions, feel free to leave a comment or email me.