Automated savings based on activity
Automatically save money toward future expenses whenever you stay active. Use Investec APIs to link real-world activity data with personalised savings goals — turning everyday actions into smart financial habits.
The Challenge
People often struggle to save consistently for irregular or usage-based expenses, like replacing running shoes, bike tyres, or annual subscriptions. Traditional budgeting methods require manual calculations and discipline, making it easy to fall short when the expense finally arrives.
The Solution
By combining activity tracking data with Investec's Banking APIs, you can build an app that:
How It Works
1. Track Real-World Activity
Integrate with an external fitness or activity API (like Strava, Apple Health, or Fitbit) to receive updates about a user's workouts or usage patterns. These events become triggers for your automated savings logic.
2. Define a Savings Goal
Users input details such as:
- The item they're saving for (e.g., new shoes, a bike service),
- Estimated cost,
- Expected usable lifespan (e.g., total kilometres),
- Current usage.
Your app can store this data and use it to calculate a per-unit savings value (e.g., cost per kilometre).
3. Calculate Savings Contributions
Each time the user completes an activity that's synced to your app:
- Fetch the distance or activity metric,
- Multiply by the corresponding savings rate, and
- Determine the amount to save for that session.
4. Trigger Automated Transfers via Investec APIs
Use Investec's Transfer API to execute transfers from a linked account into a target savings account as soon as the app calculates the required amount.
