So I signed up for Bank of America's "Keep the Change" program last year. Every time I use my debit card, they round the amount up to the nearest dollar and transfer the change to my savings account. Transfers are made daily. In addition, they match what they transfer. For the first 3 months, they were matching $ for $, thereafter, they match at 5%. Once a year they transfer the matching amounts to the savings account. I just received $27+ in matching funds!
OK, so it's not going to pay off my mortgage or anything, but considering it cost me absolutely nothing, I think it's a good deal. Also, I used the debit card aggressively the first 3 months, but only sporadically thereafter. I kind of like it, though, and think I'll use it more. (Which is the whole point of the program).
No big financial news. I sent out a $3 Musselman's applesauce rebate, but that's been about it. Status quo is the way to go...
Keep the Change
October 17th, 2006 at 10:28 pm
October 18th, 2006 at 05:28 pm 1161192531
October 20th, 2006 at 02:02 pm 1161352951
And now, even though I realize that my cc rewards are better, (and I pay them off in full each month), I'm just sick of looking at ridiculously high cc statements each month. I know it's irrational, but I think I'd feel better using the debit card more than the cc now...