Swipe & Save
Savings That Makes Cents!
What Is Swipe & Save?
Swipe & Save is an automatic savings account that helps you save money without even thinking! Every time you swipe your debit MasterCard the transaction will be rounded-up to the next dollar amount and the difference will be automatically deposited into your Swipe & Save account, where you’ll then earn 6% APY**!
For example, a $6.33 charge will be rounded-up to $7 and the difference of .67 will be transferred automatically into your Swipe & Save account.
Why should I Swipe & Save?
Saving is important. It’s something we stress to our members because it’s a financially smart decision and habit, yet one of the most ignored financial practices.
Swipe & Save will make saving hassle-free. On average, by the end of the year you could save as little as $180.00 or as much as $1,000 just by having your purchases rounded-up and deposited each time you swipe your debit MasterCard.
How do I enroll in Swipe & Save?
You will need a NRFCU checking account with a NRFCU debit MasterCard, along with a Swipe & Save account. If you don’t have a checking account, or you are not an NRFCU member, stop in to either NRFCU location and have a member service representative assist you. If you already have an NRFCU checking account you will have to fill out the enrollment form online using the button below. Please allow up to 5 business days to see the change reflected on your account.
What if i’m not a member of NRFCU?
You can become a member at anytime! Membership is open to all who live, work, worship, attend school, volunteer in, as well as immediate family members, businesses and other legal entities within Niagara and Erie County.
The initial deposit for a membership $6.00. This is your shareholder's par value of one share in the credit union ($5.00), plus a $1.00 fee. Once approved, you then become a member of the credit union, an organization owned by its members.
| Purchase Saving Examples | |||||
|---|---|---|---|---|---|
| PURCHASE | ITEM COST | ROUND-UP AMOUNT | AMOUNT SAVED | WEEKLY SAVED | YEARLY SAVED |
| Coffee (Daily) | $2.63 | $3.00 | $0.37 | $2.59 | $135.05 |
| Gas (Weekly) | $45.59 | $46.00 | $0.41 | $0.41 | $21.32 | Groceries (Weekly) | $109.50 | $110.00 | $0.50 | $0.50 | $26.00 |
| TOTAL | $158.06 | $159.00 | $1.28 | $3.50 | $182.37 |
What is the interest rate on my Swipe & Save account?
Each quarter you’ll receive 6% interest on your existing balance. The more you swipe, the more you’ll save!
**If you choose to participate in the NRFCU Swipe & Save program, you understand that all of your signature and PIN-based debit transactions will be rounded up to the next whole dollar and the difference will be transferred after each individual transaction to the designated Swipe & Save account. In the event the round up and transfer cause an overdraft, the round-up will not be made. ACH and P2P transactions are not included in this program. Both signature-based and PIN-based debit cards transactions qualify for this program. Deposits and transfers into Swipe & Save accounts are not allowed. Dividends are paid quarterly. You can withdraw from your Swipe & Save account at any time with no fee. A Swipe & Save rate of 6% APY* applies to balances up to $1,000. Balances over $1,000 will earn at the regular prevailing dividend rate. Rate is subject to change without notice. Other restrictions may apply.