Banks and Bulldogs
I’m a spender. I admit it. I know that I need to save for my future but I just never seem to get around to it.
Luckily, Scotiabank recently unveiled a program designed for spenders just like me. It’s called Bank the Rest. Modeled after the Bank of America program called Keep the Change, Bank the Rest is a free debit card savings program that helps people build up savings while making everyday purchases. What happens is every time a consumer uses his or her Scotiabank debit card, the total of the purchase is rounded up to the nearest dollar or the nearest five dollars and the difference is automatically deposited into a high-interest savings account. Basically, the more often you spend, the more often you can save. The program has been a huge success. (more…)

