Today is an exciting day for us here at 1st Mariner Bank. It's the official launch of our new Savings Service called 'Set Your Savings.' So, you may be asking, what is a debit savings feature? Simply put, it's when a debit card purchase triggers a certain amount of money to be transferred from your checking account to your savings account.
I know, BofA and the Wacha' already do this, but ours is different and catered specifically for you. Who can keep up with a constantly changing amount transferred or $1.00 per transaction? That's too confusing and too expensive for my taste. So, instead of US determining how much money is transferred per each transaction, - like some of our competitors like to do -we have given YOU the say. That's right, you determine how much money (from $.05 to $1.00 in increments of $.05) is transferred into the savings account, allowing you to budget better and save as little or as much as you'd like. Now that is truly building a service just for you.
We know times aren't that easy and we understand that saving is now at the forefront of many customers financial concerns. This recession has shifted the habits of consumers from spending to saving and we plan on helping you develop an easy money saving strategy. So, to reward those who use Set Your Savings to help them save, we will match 10% of the amount that is transferred from your checking account to your savings account with a maximum of $250.00 annually. SWEET!
Not sure of how much you could be saving? No worries, we've created a great web page specifically for this new feature. On the page, there is a calculator that will allow you to see how much you could be saving each year if you enroll in the Set Your Savings feature. All you have to do is estimate how many purchases you make each week with your debit card and the amount you would like to transfer into savings. We'll do the magic math dance (don't ask) and show you an estimate of how much you could be saving.
To learn more about Set Your Savings, stop into your local branch or give us a call at 410-558-4200 or 1-888-561-BANK (2265).