With your Avadian checking account, you have the power to earn 3.00% Annual Percentage Yield on our Centsible Savings account. All you have to do is sign up! Contact us today at 1(888) 282-3426. We can even set you up over the phone.
What’s the deal with Centsible Savings? Every time you use your Alabama Telco debit card, we will round up your purchase amount to the next whole dollar by moving the extra change from your checking account to your Centsible Savings account.
Here’s how it works: Spend $9.50 on a purchase using your Alabama Telco debit card. We round up your purchase to $10.00. The extra $0.50 transfers automatically into your Centsible Savings account.
Super Saving Sounds like small change, but it really adds up. It grows even faster thanks to the fact that all transfers begin to earn 3.00% APY immediately. We’ll also give you a 25% match for the first 30 days on your cumulative quarterly transfers when you sign up for e-Statements!** (Your 30 days begins the first day you use your debit card after enrolling in the program. After the first 30 days, we will match 5% of your total Centsible Savings amount.)
*Minimum balance required to earn APY is $0.01. Centsible Savings dividends will be based on your balance at the end of each quarter. Your dividends will be deposited into your Centsible Savings account at the end of each quarter. Rate accurate as of 01/26/12. Rate subject to change. **Avadian’s match contribution will be credited to the Centsible Savings Account at the end of the calendar quarter based on the accumulated contribution for the calendar quarter or the balance in the account at the end of the calendar quarter, whichever is less. The maximum total match is $250 per year. If you make a return or have a debit card transaction reversed, the “round up” amount will remain in your Centsible Savings Account. You may not make deposits or transfers into your Centsible Savings Account.
The credit union is federally insured by the National Credit Union Administration. Additional coverage up to $250,000 provided by Excess Share Insurance Corporation, a licensed insurance company.