Building my savings has never been easy...there's always something popping up to make demands on my hard-earned money! But with their Keep the Change savings program, Bank of America has made it easier for me to put money away and earn interest without really feeling a pinch from it! This program requires only a Bank of America Checking account with a companion Savings account. A Bank of America Check Card is issued at the time the accounts are opened. (Paper checks are also available for a fee, but who writes paper checks anymore?) Each time I use my Bank of America Check Card to make a purchase -- gas, groceries, coffee and a muffin -- the Bank rounds up the amount of my purchase to the nearest dollar, and transfers the difference directly from my checking account to my savings at no charge. This is the equivalent to emptying the bottom of my purse into a coffee can - but with interest!
For the first 3 months, Bank of America will match the savings 100%, subsequent months are matched at 5%. In the 4 months since I opened the account, I have managed to save close to $300! Not bad, considering I never felt the sting of making an actual deposit!