Sign & Save
Spend and save – at the same time!
Join the thousands of Interra members who save more every day with a Sign & Save account!
This account makes it easy to save money when you spend money!
- 0.10% APY1 – higher than a regular savings account.
- It’s so easy to save automatically!
- No minimum balance required.
- Make a signature-based purchase with your debit card.
- Interra bumps the transaction amount up to the nearest dollar and deposits the change into your Sign & Save Account.
- Interra matches 5% of the total bump up amounts.
As an added bonus, Interra will match 25% of the bump up amounts for the first 30 days after account opening!
| You make a signature-based transaction with your debit card | Interra bumps up the difference to the next dollar and transfers the change to your Sign & Save account | The total amount withdrawn from your checking account | |
|---|---|---|---|
| $23.49 | $0.51 | $24.00 | |
| $6.22 | $0.78 | $7.00 | |
| $51.87 | $0.13 | $52.00 | |
| Total | $81.58 | $1.42 | $83.00 |
| Interra's 25% match (first 30 days) | - | $0.36 | - |
| Interra's 5% match (after first 30 days) | - | $0.07 | - |
What is the minimum opening balance for a Sign & Save account?
There is no minimum opening balance required to open the account.
Can I use my Sign and Save account for overdraft protection?
If you do not have adequate funds in your checking account, a Sign and Save account cannot be used for overdraft protection.
Is there a cap on the amount that Interra will match?
Interra will match up to $250 per year.
What if I close my Sign & Save account before Interra matches the bump up amounts this quarter?
If you are not enrolled in the Sign & Save account at the time Interra sends out matches, you will not receive a match.
How often will I see Interra’s match be deposited?
Interra matches bump up amounts at the end of every calendar quarter.
How often will I see the bump up transfers occur?
Interra aggregates the individual bump-up amounts every day into one transfer, at the end of the day.
Where will the bump-up transfer into my Sign & Save account come from?
The bump up funds will be transferred from the checking account associated with your debit card.
Can the APY change on a Sign & Save account?
Yes, all rates on the Sign & Save account may change at Interra Credit Union’s discretion.
Will Sign & Save account members receive a 1099 at the end of the year reflecting the matches and dividends earned?
Yes, if applicable.
What if I return something I purchased and get credited back?
The original purchase will get bumped up and transferred regardless of whether that purchase is returned or not.
1Annual Percentage Yield (APY) effective January 1, 2019, and are subject to change without notice. 0.10% APY applies to all balances. Rates may change after the account is opened. Fees may reduce earnings. Read the complete Sign & Save Truth-in-Savings Disclosure
