Buying a $2.75 Taco? This App Invests Your 25¢ Change in the MarketsBy
A number of banks offer programs that convert a fraction of purchases into personal savings. Take Bank of America’s Keep the Change program: it rounds up every purchase to the next dollar and transfers the difference—for example, 25¢ on a $2.75 taco—from customers’ checking account to their savings accounts. Banks do this to encourage customers to use their cards constantly; consumers enroll because they see a way to start saving automatically, even unconsciously.
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