Albert recently added an investing option as well.
Yes, it's true that a savings account with your bank with automatic paycheck deductions would accomplish most of the important features that Albert does, but Albert does it better.
First of all, you don't have to go anywhere or sign any paperwork to get started. Everything is done on your phone.
Second, you earn more interest saving with Albert. The average annual percentage yield or APY for a savings account with a bank is 0.09%. With Albert, however, you get a full 1%. Your savings are also still FDIC-insured, up to $250,000.
Last, and perhaps most important, you wouldn't be able to separate your savings out and see your goals fill up the same way you can with Albert. This is how the app really changed my views on money and savings.