Thursday, May 18, 2006

We need more of this ...

You see, this is the kind of idea I think we need more of.

Bank of America has started "Keep The Change", a program which rounds up to the nearest dollar from each of your debit card purchases and automatically deposits that change in your savings account. The bank also plans to match deposits 100 percent - up to $250 annually - for the first three years, and then five percent after that. I think it's a great way to get people saving money, particularly for younger citizens who often put off thinking about putting money away.

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