Keep the change from Bank of America really works!

If you're a BoA customer, I'd recommend that you sign up for their Keep the change program. It is really cool and it works great. I started like a week ago and I have about $60 bucks already added to my savings account.  The way the program works is that all the purchases you make get rounded up to the next dollar.  The difference between your actual purchase and the next dollar automatically gets transfered from your checking into your savings account, and then to top that, BoA will match %100 of that for 3 months up to $250.00. After this honey moon period, they will match 5%. ! Now THAT is free money.  You'd be surprised how quick it adds up. Since I already use my atm/check card pretty much exclusively I didn't have to change any habits or anything to start using it. If you have BoA then give this a try, enrollment is free.

2 Comments

  1. Well I love BoA, all the little features they have make it worthwhile switching IMO. There are no fees for checking if you have a direct deposit setup. You could try it out and defer a small % of your check into it and I think that would cover it. Their online features and services kick ass as well, and their customer service is the best I’ve had with any bank.

    The return on BoA savings is not that great, so I’m basically doing it for the FREE $250.00 and the 5% match after that. I mean that is free money. I don’t know that I would use the BoA savings as my primary savings account since ING, CitiBank, EmmigrantDirect, and even Paypal give you four to five % return.

  2. Hmm, really tempting to switch over for just that feature. Do they charge any monthly fees for checking accounts or online billpay?

    Also, ING is offering 4% interest on your checking accounts now. Wonder which would be the btter value?

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