Courtesy of Shanna Goodman When my husband and I decided to get serious about paying our $33,000 of debt, we started by making automatic transfers into our savings account. Then, we opened a high-yield savings account with online bank Ally, to keep our savings accessible, but not so accessible that we'd dip into them for regular spending. We ended up loving the extra interest we earned with Ally, and applied the same separation of accounts to my business, too.