Bank Of America has a program that lets you keep your own money. If you use a debit card and have a savings account with them, they will round your debit card purchases up to the next dollar and put the “change” in your savings account. This amounts to an electronic change jar. Sure you might earn a little interest – probably very little, have you taken a look at what savings accounts are paying lately? – but it’s your money. It’s not like you are making money, although there is a slight incentive. For the first three months they will match your change jar. And after that all you have to do is leave the money in the account and they will add a whopping 5%.
I suppose that for people who hate to balance their check book not having to keep track of the $.05 might make life easier – except that they have to track it in the savings account now.
This just blows me away, I had to add a new catagory for this one. Stupid Ideas.