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Ask The Expert - September 2018

by Stacy Wise | Sep 25, 2018

Round Up Savings

Question:
What is Round Up Savings?

Answer: Round Up Savings is a smart, easy way to grow your savings account. Each time you make a purchase with your MNB MasterCard® debit card*, the transaction is rounded up to the next dollar, and the difference is automatically transferred from your checking account to your savings account. 

For example, if you make a purchase for $9.25 with your debit card, your checking account will be debited for an even $10.00, and $0.75 will be transferred to your savings account. 

You’ll be surprised how quickly your savings account grows! 

Get Started Now

*Round Up Savings is only offered to MNB MasterCard debit card holders. ATM cards/transactions are not eligible. 

By federal law, as of 1/1/2013, funds in a noninterest-bearing transaction account (including an IOLTA/IOLA) will no longer receive unlimited deposit insurance coverage, but will be FDIC-insured to the legal maximum of $250,000 for each ownership category. For more information visit www.fdic.gov.

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