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Incentive Savings

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.

Sit back, relax, and watch your savings automatically grow over time!

A father and his two daughters sitting on the couch smiling as he checks his Incentive Savings account balance on the Legacy Credit Union mobile app.

Benefits of Legacy Incentive Savings Accounts:

Earn up to 5% Interest

For eligible accounts, you can earn 5% interest on your savings for the first $1,000 saved!

Automatically Save

We automatically transfer spare change from each debit card purchase to your account. No action required on your part!

Competitive Rates

Enjoy an attractive APY* rate. Make your money work harder and grow faster with every cent saved.

No Hidden Fees

No maintenance fees. No minimum balance rules. Just straightforward, honest savings.

More Details About Our Incentive Savings Account

We round up to the next whole dollar on any purchase you make with a debit card tied to your Legacy Credit Union checking account.

The amount in excess of the purchase gets automatically transferred into your Incentive Savings account. It’s as simple as that!

Enjoy the following benefits and features:

  • The roundup process occurs daily, ensuring you save as you spend.
  • Transfers are automatic, happening seamlessly after every transaction.
  • No minimum balance requirement to keep your account open.
  • The NCUA federally insures the account, ensuring your savings are safe.
  • Earn dividends that compound daily and pay monthly, helping your savings grow faster.
  • Link multiple debit cards to the account, allowing for family savings growth.
  • Access to online and mobile banking to check your account balance anytime, anywhere.
  • No limit to the number of roundups per day, so you can save as much as you spend.
  • Notifications on savings progress, helping you stay informed about your financial growth.

Enjoy effortless savings, attractive rates, and unlimited growth with an Incentive Savings account from Legacy Credit Union.

A young woman in Birmingham, Alabama smiles as she easily opens an Incentive Savings Account at Legacy Credit Union from her laptop.

Legacy Credit Union Incentive Savings Account Rates

Discover how your savings can automatically grow faster. Just click below to explore the attractive rates offered by our Incentive Savings Account.

View Rates

Our Simple Application Process for an Incentive Savings Account

Request an Account

Request an Account

Start your savings journey in minutes—just call, email, or visit a branch and request Incentive Savings to be added to your account.

Account Review

Account Review

Our team will review your application swiftly and activate Incentive Savings on your requested debit cards.

Start Saving!

Start Saving!

Immediately begin saving money with every debit card purchase you make from your Legacy checking account!



“I’ve been with Legacy since the 1990s and have always been very happy with the service and support. I appreciate the craft banking approach and love not being nickeled and dimed for every transaction.”

– Rebecca L., Birmingham, Alabama

FAQs About Incentive Savings Accounts

APY refers to the total amount of interest your savings account will earn over a year, factoring in compound interest.

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.

There’s no deposit requirement to open an Incentive Savings Account. You can start saving from your first rounded-up purchase!

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.

Absolutely! The National Credit Union Administration (NCUA) insures up to $250,000 per account. Enjoy peace of mind and effortless saving!

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.

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.

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.

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 7-County Greater Birmingham Metropolitan area. Therefore if you live, work, worship, or attend school in Jefferson, Shelby, Blount, St. Clair, Walker, Chilton, or Bibb counties, you are eligible for membership.

Take Your Next Steps With Legacy Credit Union Today:

Open an Account
Call: 205-930-5000
Contact Us

More Savings Options

Share Savings Account

Earn dividends and enjoy easy access to your funds—experience member-exclusive benefits.

Learn More

Club Accounts

Designate your savings for holidays or special events. Save with ease and discipline.

Learn More

Investment Accounts

Diversify your portfolio and potentially enhance earnings with market opportunities.

Learn More
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