Ever wish saving money just happened in the background, without you having to think about it? That’s exactly what Nutmeg State Financial Credit Union’s Round-Up Checking is built for. In this video, CEO John Holt sits down with the hosts of Great Day Connecticut on WFSB Channel 3 to break down how it works: every debit card purchase gets rounded up to the nearest dollar, and that spare change moves automatically into a High-Yield Savings account. As John put it, “As you’re spending money, you’re saving it and making money on it because [of] the high rate on the savings account. So, it’s kind of like every time you make a purchase, it rounds up to… the nearest dollar.”
A $2.75 coffee run rounds up 25 cents, a $9.10 purchase adds 90 cents, small amounts that add up fast over time. John also covers how Round Up Checking pairs with Nutmeg’s High-Yield Savings account, bumping your dividend rate up to 4.00% APY*, and how easy it is to join Nutmeg and get started. Watch below to hear John explain it firsthan
*APY = Annual Percentage Yield. Only debit card purchase transactions are eligible for round-ups. Check payments, account transfers, ATM withdrawals, and other non-card transactions are not included in the round-up feature.
