Savings Account Strategy
Save Up
Improve Your Savings Strategy
With Save Up, you can build on the savings strategy you currently have. With Save Up, saving is easy.
The Save Up Program works with your Physician eCentive® checking account*. ACH and debit card purchases made with your checking account are automatically rounded up (to the nearest dollar) and deposited directly into your savings account. You do not need to calculate or transfer any money to accumulate it.
Let's say you stop at your local coffee shop to grab a latte to go. The cost is $4.65. Save Up rounds up the price to $5, with $4.65 going to the merchant and 35 cents to your checking account.
35 cents might seem insignificant, but consider how many times you swipe or tap your debit card daily. Most people who use Save Up make 30 transactions per week and save more than $10. Without compound interest, that would be more than $520 a year. As change accumulates throughout the day, it becomes a lump sum deposited into your account.
Physician Bank offers round-up savings accounts, so if you're interested in enhancing your savings strategy, consider implementing this feature into your Physician eCentive® checking account. No matter what your goal is, it can add to your savings, whether it's building up an emergency fund or saving for a vacation.
You can join our Save Up program by filling out a short form in our digital banking app or by calling 1-605-940-5620.
Juanita Schmunk
Physician Private Banker
- NMLS #2264168
- juanita@www.physicianbank.com
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Financial tools and services for physicians in all 50 U.S. states. Contact us today to learn more.
The 100% financing option while we started our first post-residency job, their rapid and efficient response rate to our questions and our numerous changes in schedule that occurred with our builder, and the absence of PMI were all extremely helpful.
Dr. David Ogden, UT