Trying to build your emergency savings?
More than 20% of Americans have no emergency savings.* Life happens. It doesn’t have to break the bank. A dedicated savings account can be the start of a solid rainy-day fund.
Here’s how to get started.
How to build an emergency savings fund
You never know when you might suddenly need money for car or house repairs, hospital visits, pet emergencies, and more. An emergency savings fund, like a RoundUp Savings account from The Summit, can make it possible for you to focus on the crisis, not on finding money to cover it.
How much should you have set aside? There’s no right or wrong answer. Most experts suggest your emergency fund should have enough to cover 3-6 months’ worth of living expenses.
Tip: Make a list of acceptable expenses to use your fund for. Resist the temptation to use an emergency savings account for things like a vacation, wedding, or other for “wants” instead of “needs.”
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.
Sign Up
Sign up for a RoundUp Savings account at The Summit and get a Summit Visa Debit Card.
Shop
Start shopping! Each purchase you make with your Summit Visa Debit Card will round up to the nearest dollar.
Save
Your spare change will automatically transfer from your checking account into your RoundUp Savings account overnight.
Earn Milestone Bonuses. We will deposit
$25
when you save $250 in your
RoundUp Savings account.
$50
when you save $500 in your
RoundUp Savings account.
Enter your weekly spending habits and watch your money grow.
Savings for illustrative purposes only. Amount of savings varies based on the number of transactions.
Save money while making everyday purchases!
Choose a purchase to calculate your weekly and annual savings.
Coffee
Spend:
$4.58/transaction
x $0.42
Save $[variable-38]Weekly
Gas
Spend:
$44.02/transaction
x $0.98
Save $[variable-32]Weekly
Groceries
Spend:
$117.21/transaction
x $0.79
Save $[variable-33]Weekly
x $0.42
Dining
Spend:
$14.40/transaction
x $0.60
Save $[variable-34]Weekly
Clothing
Spend:
$21.16/transaction
x $0.84
Save $[variable-35]Weekly
Entertainment
Spend: $210.64/transaction
x $0.36
Save $[variable-36]Weekly
Final cost
The final estimated price is :
Summary
| Description | Information | Quantity | Price |
|---|---|---|---|
| Discount : | |||
| Total : | |||
It’s easy. Just use your debit card when you shop.
FEDERALLY INSURED BY NCUA. Membership eligibility required.
*Per Bankrate’s annual emergency savings report as of February 22, 2024.
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 4/1/2024 and is subject to change at any time.