Trying to save for a car?
Maybe you’re dreaming of a new vehicle or you love the one you have, but it needs some repairs. A dedicated savings account can be the cash cushion you need to cover some of the costs.
Here’s how to get started.
How to save for a car
Having a car comes with a certain amount of maintenance: new tires and brakes if you’re leasing, plus other repairs if you own your vehicle. Car repairs are certainly not cheap! A dedicated car fund, like a RoundUp Savings account from The Summit, can help you pay for everything from a downpayment on a new car to repairs – all without dipping into your emergency savings.
Tip: Create a car budget that you can stick to. If you own your car, are you currently setting aside money for upkeep or unexpected repairs? If you’re thinking of purchasing a car, how much have you saved to put down? How much will your monthly payments be?
3 reasons thousands of people just like you use RoundUp:
Grow savings with every purchase
Automatically build your savings with a RoundUp Savings account every time you use your Summit Visa® Debit Card. Plus, earn at a higher savings rate!
Watch monthly savings soar
On average, The Summit’s members save $17.85 per month for a total of $214.20 per year!1
Earn milestone bonuses
It pays to save. RoundUp Savings account users can get up to $75 in bonuses!2
Get $25 after your account reaches $250 and another $50 when your account reaches $500.
FEDERALLY INSURED BY NCUA. Membership eligibility required.
1. Example for illustrative purposes only, actual savings will accrue based on debit card usage. Fees can reduce earnings on the account. Please refer to the RoundUp Savings account Terms and Conditions at summitfcu.org/roundup-terms.
2. Earn up to two special one-time bonuses totaling $75.00 that The Summit will deposit into your RoundUp Savings when your RoundUp Savings account reaches a balance of $250 ($25 bonus) and $500 ($50 bonus). The APY is 0.200% as of April 1, 2026 and is subject to change at any time.