Bellco is proud to participate in America Saves Week (February 22–26), an annual celebration and call to action for Americans to commit to saving successfully. While the past year has had its share of economic challenges, it's been an important reminder that saving for unplanned emergencies remains a wise financial strategy.
Bellco's goal is to make members feel secure wherever they are on their financial journey. From February 22–26, we'll focus on the following America Saves Week daily themes in hopes you will pledge to set a savings goal while providing savings tips to help you achieve personal financial stability.
Monday, February 22 | Save Automatically
The easiest way to save? Automatically! It doesn't matter how much or what you're saving for, when you make the smart decision to have a portion of your income automatically deposited into a savings account, you have increased your chance for success.
Bellco Savings Tip: Consider our Round Up Savings Program—Each purchase you make with your Bellco debit card gets rounded up to the next dollar and the difference is deposited into your Bellco savings account. The more purchases you make, the more you'll save.
Tuesday, February 23 | Save for the Unexpected
The past year has taught us that we have to be as prepared as possible for the unexpected. While we all have future savings goals, having an emergency fund to support present unaccounted for needs, like a car breakdown, dental bill, or even a last minute fun treat should be a top priority.
Bellco Savings Tip: Consider Boost Interest Checking—Boost provides a higher-than-normal interest rate for doing many of the things you already do, such as using your debit card and having a direct deposit. The higher interest earned can help you reach your savings goals faster than many savings accounts.
Wednesday, February 24 | Save to Retire
It's never too soon to prepare for retirement. In fact, the earlier you start to prepare the easier it is to save, because we know that very few Americans have a plan for retirement savings that will actually cover their desired lifestyle.
Bellco Savings Tip: Consider CUSO Financial Services (CFS†)—The CFS Financial Advisors that serve Bellco are available to assist you with your retirement questions. You can email firstname.lastname@example.org or stop by any Bellco branch to set up a personalized complimentary appointment.
Thursday, February 25 | Save by Reducing Debt
It’s time that we recognize that by paying down their debt, Americans ARE saving! Actively reducing your debt means you’re saving on interest, avoiding late fees, and maintaining or increasing your credit score.
Bellco Savings Tip: Consider a Home Equity ChoiceLine—If you’re a homeowner with equity in your home, a ChoiceLine provides a great option to consolidate debt with a lower monthly payment. For a limited time, Bellco is offering a great low fixed-rate on advances of $10,000.00 or more on our Home Equity ChoiceLine product.*
Friday, February 26 I Save as a Family
How much better would Americans be with money and financial matters if we were taught good money and savings habits at a young age?
Bellco Savings Tip: Consider Coindexter Club and MoneySmarts—Whether you have young children, teenagers, or are yourself interested in brushing up on smart savings strategies, our complimentary financial empowerment resources are perfect for the whole family.
†Non-deposit investment products and services are offered through CUSO Financial Services, L.P. ("CFS"), a registered broker-dealer (Member FINRA /SIPC) and SEC Registered Investment Advisor. Products offered through CFS: are not NCUA/NCUSIF or otherwise federally insured, are not guarantees or obligations of the credit union, and may involve investment risk including possible loss of principal. Investment Representatives are registered through CFS. Bellco Credit Union has contracted with CFS to make non-deposit investment products and services available to credit union customers.
*All applications are subject to credit approval and the final rate may vary based on several factors.