Round Up Savings Program Launched by First Alliance CU

ROCHESTER, Minn. – First Alliance Credit Union has launched a new Round Up Savings program. 

“This innovative service is designed to help credit union members build their savings effortlessly, one debit card swipe at a time,” the credit union said. “With this program, every purchase made with a First Alliance debit card is rounded up to the nearest whole dollar amount, and the difference is automatically transferred from the member’s checking account in to their savings or money market account.”

First Alliance CU is explaining the program this way to members: “Here’s a real-life example of how the Round Up Savings program functions: Suppose your morning coffee costs $6.10; the transaction total will be rounded up to $7.00. The extra $0.90 is immediately transferred to your First Alliance savings account. Participants in the pilot program for Round Up Savings typically saved an extra $30 each month.

‘Makes it Easy’

“Saving money doesn’t have to be hard work. The Round Up Savings program makes it easy to build your savings while still enjoying life,” Kristina Kovacevic, AVP of retail experience, said a statement. “Whether you’re saving for a rainy day or a bigger goal, this program does the work for you. Every time you swipe your debit card you’re moving closer to achieving your financial goals.”