Keep the Change®
Savings Plan from Bank of America…
If you’d like to try and save a few extra pennies every time you make a Visa® debit card purchase, you may want to think about Bank of America’s Keep the Change® program. When customers sign up for Keep the Change, they agree to have every Visa® purchase rounded up to the nearest dollar amount, where the difference in the actual price of what is being purchased and the nearest dollar amount (rounded up) is placed in your savings account.
For example, if a customer decides to use their Visa® debit card to pay for $73.48 worth of groceries, 52 cents will be placed in their Bank of America savings account; similarly, if you bought a bottle of water for $1.20, 80 cents will go into your savings. To be eligible for the program you must have a Bank of America checking account, savings account, and check card.
Looking to save money? Try Bank of America’s Keep the Change® program!
Bank of America will even match your savings, dollar for dollar (100%), up to $250 per year, for the first three months after joining the program and then 5% every year after that. When the money is paid into your account it is done annually, beginning one year after the month in which the account was first activated.
This is a truly unique savings program that Bank of America is offering. If you are the type of person who wants to save, knows how important it is to create a nest egg, but just doesn’t have the motivation or will to set money aside on a regular basis, this program is an ideal fit for you.
For those who have tried the program and find that they no longer wish to participate, you can cancel by visiting your local banking center or by going online to contact a customer service representative.
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Tags: Bank of America, Keep the Change®, Savings Programs, Visa Debit Cards
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Comments (4)
I’ve been a happy “Keep the Change” program member for a couple years now. And I can’t tell you how nice it is. I’ve managed to save well over a thousand dollars, and I think BofA has matched nearly half of that.
This won’t help a bit in this disaster: Of Mortgage Brokers, ARMs, Attrition and Marathons.
I’ve always wanted to take advantage of this program, ever since they first launched it years ago. Unfortunately, my bank doesn’t offer a similar program, but I don’t want to go through the hassle of switching banks.
Great info, Thanks! I’m going to check this out, I’d love to save a bit of money everytime I make a purchase!