Saving Strategy


Savings Account Strategy

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 the Physician Bank checking accounts. 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 1-888-632-2651.

New! 4.04% APY* on checking.
*APY = Annual Percentage Yield

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Payroll Plus Checking Account

*APY = Annual Percentage Yield. Fees may reduce earnings. Interest rate is variable and may change after the account is opened. Rate applies to balances between $0.01 and $100,000

To earn 4.04%, you must:

  1. Have at least $5,000 in direct deposit each month from payroll, social security, investment income, or other forms of monthly income.
  2. Have monthly debit card purchases posted to your account equaling a minimum of $500. Please note that ATM transactions do not count toward the debit card purchase requirement.
  3. Enroll and receive monthly eStatements. With eStatements, you must have a valid email address to enroll. $4 per month fee applies if not enrolled in eStatements and paper statements are sent through U.S. Mail.

Payroll Plus Rates effective as of June 1, 2024. Minimum opening deposit of $100.