Posted on August 20, 2009 by Adam Pichette

Something I missed out on and really wish was still available is a service similar to what Bank of America was offering a year or so ago. This being their checking and savings account that would round purchases up to the nearest dollar and put the extra change in your savings account. They even offered doubling these benefits for a short period of 90 days from what I remember. In other words they would take your change, double it and deposit it into your savings account. I think this was an excellent way to increase depositors and increase the amount of assets that the bank had on hand. I am assuming the offer was cancelled due to the economic downturn, but this is something I hope Bank of America seriously considers reinstating.
As a side note, I would really like it if more financial institutions, outside of smaller local credit unions, would offer high interest dividend accounts with low account requirements.