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Introducing “Savings Boost” from Citizens First Bank – the effortless way to grow your savings as you spend. We know that building savings can feel overwhelming, especially when life’s demands keep you busy. That’s why we’ve created Savings Boost: a simple, convenient tool designed to make saving a habit for good financial health, without disrupting your day-to-day spending.
What is Savings Boost?
With Savings Boost, you can start growing your savings just by using your debit card. All qualifying debit card purchases will be rounded up to the next whole dollar amount and the excess funds will be deposited into the account indicated (Savings, Checking, or Money Market accounts). Whether you’re picking up groceries, grabbing coffee, or paying for gas, every purchase helps build your financial future. It only takes one step with your banker to set it up – no complicated processes, no extra fees.
Savings Boost is the perfect solution for those who feel behind on their savings goals and want an easy, automated way to get ahead. You don’t need to think about transfers or extra budgeting – simply use your card as usual, and let Savings Boost do the rest. It’s an ideal tool for anyone looking to strengthen their financial habits, build a cushion for emergencies, or work toward long-term goals.
Get started today with Citizens First Bank’s Savings Boost and see how quickly your savings can grow. Take control of your financial future with a program that helps you turn everyday purchases into lasting savings.
How does Savings Boost work?
Step 1, plan your savings
1. Plan your savings
Step 1, plan your savings
1. Plan your savings
With Savings Boost at CFB, we can set up automatic transfers rounding up to the nearest whole dollar amount from each purchase into your indicated account.
Step 2, connect your accounts
2. Connect your accounts
Step 2, connect your accounts
2. Connect your accounts
It takes just one step with your banker to set up, stop by any of the CFB branches or contact your banker to enroll.
Step 3, use your debit card
3. Use your debit card
Step 3, use your debit card
3. Use your debit card
Watch your savings grow with every coffee, grocery, and gas station stop, helping you get closer to your Savings goals.
Savings Boost FAQ
Do I need to be a CFB Customer to take advantage of Savings Boost?
Yes!
And if you are not yet a CFB customer, we are happy to help set you up with a new Checking or Savings account. Take a look at what we have to offer by visiting our Personal Banking page
I am already a CFB customer, do I need 2 CFB accounts to setup Savings Boost?
Yes!
The account that will originate the Boost should be a CFB Checking Account, and CFB offers a range of Checking Accounts to fit your needs:
- Interest Rewards Checking details
- Cash Rewards Checking details
- Basic Checking details
- Money Markets details
The second account, or the “Boosted” account, can be a different CFB Checking Account or a CFB Savings Account. See all the personal accounts CFB offers
So can I "Boost" to an external account?
Unfortunately, no.
Only CFB Accounts can be boosted.
Can I "Boost" an account for a family member? For example, my kids' account?
Yes!
You can “Boost” someone else’s CFB Account, for example a CF Bee Savings Account or CF Bee Checking Account.
Can I further boost my account and get the max savings?
Yes!
The standard Savings Boost rounds up to the nearest whole dollar amount.
You can choose to add an additional amount to each qualifying debit card transaction up to the nearest $9 dollars.
Example using a $1.50 purchase:
- Standard Savings Boost: At the end of the business day, $0.50 would be deposited into your indicated account.
- Additional Savings Boost : If you chose to Boost to the nearest $2, $1.50 would be deposited into your indicated account at the end of the business day.
- If you make multiple transactions, each transaction will be individually Boosted to the nearest $2.
- If multiple transactions qualify for rounding in a day, one transfer is made for the total of all Savings Boost transactions during that day.
Are there any fees associated with setting up or cancelling Savings Boost?
No.
There are no fees associated with Savings Boost. Savings Boost transfer will be cancelled If there are not sufficient funds in the account to complete the Savings Boost.
Would a Savings Boost transfer happen if my account only has sufficient funds to cover for the total of my purchase?
No.
If there are not sufficient funds in the account to complete the Savings Boost, Citizens First Bank will not round up any debit card transactions on that day and the Savings Boost transfer will be cancelled.