Back-to-School Savings Just Makes ‘Cents’

August 16, 2017 |

As of this week, school is officially back. The excitement of a new year, new friends, and new sports seasons, often times comes with a heavy price tag.

Back-to-school and back-to-college spending will reach $83.6 billion in 2017, a 10% increase over last year. The average family plans to spend an average of $688 on back-to-school shopping, according to reports by National Retail Federation.

While you are getting everything they need to have a successful year in the classroom, on the field, or while away at college, you can’t help but think how that affects your budget. But, what if you had been planning for these expenses all year, saving a little as you go?

Saving money is sometimes easier said than done. What if we told you could saving money is as simple as swiping your debit card? Our Make Cents savings account lets you save every time you swipe, giving you the kick-start to saving you really need. Each time you swipe your debit card, your Make Cents account rounds up to the nearest dollar and contributes the difference to savings. Then, we take it one step further – Community Bank will match the deposited difference by 5.00% quarterly.

As your kids begin their new routine of school and sports, it only “Make Cents” for you to begin that new habit of saving too!

Annual Percentage of 0.20% as of 8/16/2017. Rate may change after account is opened. Fees may affect earnings. Bonus paid at the end of each calendar quarter.