Savings Jar
The easiest way to save money? Automate it!
Saving money may not be easy for some members. It's easy to get off track and save less than intended when you're not consistently saving a portion of every paycheck. Many people fall into a habit of only saving what is leftover after living expenses and discretionary purchases have been made.
Savings Jar is a "transactions round-up" module that can be used to promote member savings or to raise money for a charity. Our streamlined interface lets members choose which checking accounts they want attached to the program. Debit card transactions are then rounded up to the next whole dollar amount and the funds are tracked on the account. The rounded up funds can be either deposited into the savings account of the members choosing or donated to a charity that your credit union supports.
Features
Download a product brief
Saving money may not be easy for some members. It's easy to get off track and save less than intended when you're not consistently saving a portion of every paycheck. Many people fall into a habit of only saving what is leftover after living expenses and discretionary purchases have been made.
Savings Jar is a "transactions round-up" module that can be used to promote member savings or to raise money for a charity. Our streamlined interface lets members choose which checking accounts they want attached to the program. Debit card transactions are then rounded up to the next whole dollar amount and the funds are tracked on the account. The rounded up funds can be either deposited into the savings account of the members choosing or donated to a charity that your credit union supports.
Features
- Members choose which checking account are rounded up to either a credit union charity or their own savings account
- Funds can be deposited to a savings account or to a charity via a General Ledger
- All contributions are tracked, MTD, YTD, previous YTD, and program start-to-date
- Easy to deploy
- Can be made accessible in your self-service channel
- Addresses the needs of members living paycheck to paycheck
Download a product brief
