Enhance Your Savings STRATEGY
Save Up is a great way to build on top of your current saving strategy. It’s an easy way to save!
Our Save Up program works with your checking account*. It automatically rounds up (to the nearest dollar) every ACH and debit card purchase you make with your checking account and instantly deposits this amount into your savings account. The money accrues without you doing any calculations or transfers.
Say you stop at your local coffee shop for a latte to go. It costs $4.65. With Save Up, the price is rounded up to $5, with $4.65 going to the merchant and 35 cents to the account you have designated.
Now, 35 cents might not sound like much, but think of how many times you swipe or tap that debit card. It’s not uncommon for people to make 30 transactions per week and save more than $10 per week with Save Up. That would be in excess of $520 a year, not including the power of compound interest which can boost the amount higher still. These small amounts of change accumulate throughout a day and then are deposited into the user’s account in a lump sum.
Not all banks offer round-up savings accounts, so if the notion sounds like the right tactic to help you save, consider implementing this feature to your account at Heritage Bank NA. It can be a good perk that helps add to your savings, whether your goal is accruing the money you need for an emergency fund or getting enough money together for a vacation.
To opt-in to our Save Up program, just fill out a quick form in our digital banking app, or call a banker at 1-800-344-7048.