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My goal is to take a % of each deposit from square and automatically save it for a separate investment account. Since I can only deposit into one bank account what would be the best way to do this?
You can't do that automatically since, as you stated, Square will only deposit into your linked bank account. You would need to set up a separate bank account and transfer x% of each deposit from Square into it.
One dodge you could use would be to obtain a Square debit card. That way, your deposits are not made automatically into your bank account, so you could keep a portion with Square, and request deposits as you want/need them into your bank account. Just be aware that funds held in your Square account are neither FDIC insured (currently) and don't generate any interest.
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