Save it Up
Let AFB Contribute Up To $250 To Your Savings Each Year
After you enroll with Save It Up SM, signature transactions made with your AFB check card will be rounded up to the next whole dollar amount. The difference between the transaction amount and the rounded dollar value will then be transferred from your checking account directly to your savings account. Then we will match 20 percent of the transferred amount up to $250 annually.
Here’s how it works:1
- Purchase with your AFB check card and your signature.
- Rounded up difference transferred from checking to savings.
- AFB match of your transfer
- Amount added to your savings
- = $1.08
1Example for illustrative purposes only.
Save It Up program requires both a qualified AFB checking and savings account in good standing, along with use of an AFB check card for purchases; issuance of card subject to approval. Signature-based transactions only; PIN transactions are not eligible for Save It Up program.
Purchases are rounded to the next highest dollar amount; difference is transferred from checking into savings account (maximum transfer per transaction $0.99). Transactions ending in even dollar amount ($x.00) will not be rounded; no transfer to savings will take place.
Each checking or savings account can only be linked to one other checking or savings account.
Match will be credited to account at end of calendar quarter. If account(s) is closed or un-enrolled from the program before match is posted, matching bonus for the period will be forfeited. Matching funds will be reported to the IRS on Form 1099.
Eligible savings accounts pay a variable annual percentage yield (APY) and include: Signature Savings (minimum opening deposit of $50 and earns on balances of $0.01 – $9,999.99: 0.10% APY; $10,000, $24,999.99: 0.20% APY; $25,000, $49,999.99: 0.20% APY; $50,000 and over: 0.30% APY), Young Savers Account (minimum opening deposit of $10 and earns on all balances $0.01 and greater: 0.10% APY) & Money Market Accounts (minimum opening deposit of $1,500 and earns on balances of $1,500, $9,999.99: 0. 10% APY; $10,000, $49,999.99: 0.25% APY; $50,000, $99,999.99: 0.30% APY; $100,000 and over: 0.45% APY).
Rates current as of 5/21/2014 & are subject to change at any time. Terms may change at any time. Fees may reduce earnings. Other terms, restrictions and conditions may apply. See an AFB Representative for details.