Bank of America is offering customers a new way to save. It's called "Keep the Change."
The Keep the Change service rounds debit-card purchases up to the next dollar, and puts the change into an interest-earning savings account.
The bank says it will match all contributions for the first three months.
The bank will also gain from the program. It earns a fee for every transaction made with a debit card.
My thoughts..
I like the concept. I am a Bank of America customer and do use my debit card so the few extra dollars that I earn will be gravey.
On that note consumers tend to spend more when they use a debit card, so make sure you are spending extra if you are using your debit card.
Enjoy your savings!
Theresa
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