What is Round Up to Savings?
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An easy way to make everyday purchases part of your savings plan! When you choose Round Up to Savings you turn your spare change into savings.
How does it work?
Round Up to Savings works like an automatic savings account. Your everyday debit card transactions are rounded-up to the next dollar amount and the difference is deposited into your designated Numerica savings account.
The round-ups from your debit card purchases are accumulated and transferred daily from your checking account to your savings account. (For example, $5.43 debit charge would be rounded-up to $6 and the difference of .57 goes into your savings account).
Why Round Up to Savings?
Pay yourself first. It’s one of the most frequent—and best—pieces of financial advice we can offer our members. Yet, it’s one of the most ignored financial health practices.
Automatic savings plans make it less of a hassle to save money and keep it saved. Setting up automatic savings transfers each month helps get rid of the worry and excuses we all make to avoid saving.
How do I use it?
Use your Bonus Checking debit card for everyday purchases such as groceries, your coffee habit, or online purchases. In other words, spend like you normally would. We round up each purchase and automatically transfer it to your savings account. It’s that simple!
You select the Savings Account you want the money transferred to. Pro Tip – transfer to your Bonus Saver Account and earn 2.00% APY on balances up to $2,500 when you meet the qualifiers. Learn more about our Bonus Saver Account and our rates (APY = Annual Percentage Yield).
Other round up savings ideas…move the change into your child’s savings account or set up a savings account that you’ll use for charity. You would be amazed at how quickly your spare change adds up!
How do I enroll?
Stop into your favorite branch or call 800.433.1837 to speak with a Member Service Representative. They’ll set up your transfer from Bonus Checking to a designated savings account.
Don’t have a Bonus Checking Account? They can help with that, too.
What if my checking account balance is getting low?
If your available balance is at $25 or less the transfer will be suspended until the available balance is at $25.01 or more. This is to prevent any potential overdraft situations. There is no need to stop the service or enroll again. It’s only paused until the available balance is above the limit.
How do I track my savings?
Once you have opted in, simply check your designated savings account balance to see your round up transfer deposits appear at the end of each day. Watch your spare change grow!