SaveUp is a new rewards program that helps Americans succeed financially by encouraging them to adopt good financial behaviors, such as saving money and paying down debt. By rewarding people with the chance to win valuable or life-changing prizes, we hope to motivate them to become savers instead of spenders.
How does SaveUp work?
After registering savings and debt-bearing accounts with SaveUp, users earn credits by making deposits into their savings account or paying down debt. Credits can be redeemed for a chance to win prizes and users can earn additional credits by participating in daily challenges, engaging with educational content on the site or participating in social actions to help others save.
What kind of accounts can be linked to SaveUp?
Users can register any savings or debt-bearing accounts with SaveUp, including IRAs, 401Ks, mortgages, student loans or credit cards at more than 19,000 US financial institutions.
How can SaveUp afford to reward people for engaging in routine financial activities?
SaveUp partners with major consumer brands that furnish prizes for our games and drawings. Current brand sponsors are Virgin America, Banana Republic, GameStop, TurboTax, and many others. We also earn revenue from financial suggestions and partnerships with banks.
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