Save Password Check box

Hi there, I'm new to this FTP caper. I've downloaded SmartFTP client V20.996.36 and it works fine, but I cant find the checkbox so the Password is not saved. I've gone in through Tools to settings to History as I read on the forum but I can only see a check box for Save History. By unchecking this it didn't change whether the password was saved or not. It still remains saved.
If anyone can shed some light on this I would be greatly appreciated.

Each favorite (which are automatically created when connecting to a server, see the "Quick Connect" folder) also has separate settings. You find the option not to save a login password there.