Small Steps, Big Results: The Power of Automatic Savings

Saving money doesn’t have to feel complicated or restrictive. By putting your savings on autopilot, you remove the stress of remembering, deciding, or resisting spending. Here we introduce three simple ways to start building up your savings consistently. 

Automation keeps you moving forward with small, steady contributions like:

• Build savings without lifestyle changes
• Reduce temptation to spend 
• Create financial structure automatically 
• Boost confidence in your financial future 

Key Principle: Start small and stay consistent. 

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Your Toolkit for Effortless Savings:

1. Automatic Transfers: Pay Yourself First 

Set it once, save automatically. With Automatic Transfers, you can move money from your BOS Checking Account to your BOS Savings Account on a schedule that works for you, no extra effort required. 

Set up Automatic Transfers through the BOS Mobile App or Online Banking: 

1. Go to the Transfers tab and select “Make a Transfer.” 
2. Enter the dollar amount you want to save. 
3. Click Scheduling and choose the Recurring option. 
4. For recurring transfers, pick your frequency (daily, weekly, bi-weekly, twice a month, every 4 weeks, monthly, every 2 months) and set your start and end dates. 

This approach secures your savings from your checking account, giving you flexibility while keeping your saving consistent. Over time, even small amounts can grow into meaningful savings. 

2. Payroll Deduction: Save Before You See It 

Set it once, save consistently. With Payroll Deduction, a portion of your paycheck goes straight into your BOS Savings Account before it ever reaches your checking account. Automatic payroll deductions must be set up through your employer. 

This hands-off approach helps you build emergency funds, save for holidays, or develop long-term savings habits, without having to think about it. Even $25–$50 per paycheck can grow into sizable savings over time. 

3. Round Up: Save While You Spend 

Turn spare change into real savings, automatically. With the BOS Round Up and Save Program, everyday purchases made with your BOS debit card* are rounded up to the nearest dollar, and the difference is transferred to your BOS Savings Account**.

Example: Spend $4.25 on coffee? $0.75 goes straight into savings, no lifestyle changes or extra effort required. 

Getting started is simple. All you need is: 

• A BOS Checking Account 
• A BOS Debit Card 
• And a BOS Savings Account 

Talk to a BOS Personal Banker today to enroll and start saving effortlessly!

    

* Round Up and Save is available on Signature and PIN debit card transactions only. ATM withdrawals and recurring debits do not qualify. The program can be canceled at any time. ** Transfers will not occur if your BOS Checking Account balance is zero, overdrawn, or would become zero/overdrawn after the transfer. 

When these tools work together, saving becomes simple, consistent, and stress-free. By talking small steps today, like scheduling an automatic transfer, enrolling in payroll deduction, or rounding up your purchases, you can turn everyday habits into meaningful results over time. 

Starting your automated savings journey not only builds real confidence in your finances but also sets the stage for long term success. Visit your nearest BOS branch to connect with a personal banker and create a savings plan that works best for you.