Filene Research Institute

Through independent research and innovation, the Filene Research Institute explores issues vital to the future of credit unions and consumer finance.


Change Your Savings

In the recent years, the United States experienced a poor savings rate. The Change Your Savings program will operate in a similar fashion to Bank of America’s Keep the Change Program by rounding up Point of Sale (POS) transactions to the nearest dollar and transferring the funds to a Savings type account. The difference of the Change Your Savings program is its attempt to meet the individual savings goals of specific Gen Y markets. Specifically components include a tuition, auto, house, debt reduction and other innovative savings solutions.

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