Turn spending into saving with every swipe of your debit card.
We’ll round up what you spend to the next dollar. The extra cents will go into your Incentive Savings account, so you can save while you spend.
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Yes, you must be a member of Legacy Community Federal Credit Union with a checking account. To be a member you must have an affiliation in the 10-County Greater Birmingham Metropolitan area. Therefore if you live, work, worship, or attend school in Jefferson, Shelby, Blount, St. Clair, Walker, Chilton, Cullman, Coosa, Tallageda, or Bibb counties, you are eligible for membership.
Both types of accounts help grow your savings. The Incentive Savings Account makes saving effortless by rounding up your purchases to the nearest dollar.
Alternatively, a high-yield savings account typically offers a higher interest rate. However, it also requires a larger initial deposit and balance. Your choice depends on your savings goals and habits.
Typically, certificates of deposit (CDs) may offer higher interest rates than Incentive Savings Accounts. However, the downside to a CD is that you need to leave your money untouched for a specific term. Depending on how much you use your debit card monthly, you could potentially save more money with an Incentive Savings account.
If you have an eligible account, you can earn 5% interest on your savings. This offer is good for the first $1,000 you save.
Absolutely! The National Credit Union Administration (NCUA) insures up to $250,000 per account. Enjoy peace of mind and effortless saving!
No, you cannot make deposits directly into your Incentive Savings Account. With this type of account, deposits can only be made by our system rounding up your debit card purchases to the nearest whole dollar and depositing the difference.
There’s no deposit requirement to open an Incentive Savings Account. You can start saving from your first rounded-up purchase!
The Incentive Savings Account enables you to save and earn more over time. It accomplishes this by rounding up your everyday checking account purchases to the nearest dollar and automatically depositing it.
APY refers to the total amount of interest your savings account will earn over a year, factoring in compound interest.
