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Products November 2, 2018
Cookie Jar from SafetyNet Links Emergency Savings to Debit Transactions
The program rounds up debit card purchases and checking account transactions to the nearest dollar and stores the change in employees’ Cookie Jar savings accounts.
Reported by John Manganaro
SafetyNet has launched a new employee benefit offering called Cookie Jar, structured as an employer-sponsored financial wellness program linked to an emergency savings account.
The program rounds up debit card purchases and checking account transactions to the nearest dollar and stores the change in employees’ Cookie Jar savings accounts, the firm says. According to SafetyNet, employers can also match the round up and employees can withdraw funds at any time with no penalty or fee.
“Cookie Jar helps employees build greater financial stability by offering a simple way to save money with the help of their employer,” says Roshni Chowdhry, head of customer experience for Cookie Jar. “The program is designed to help people save for special goals, prepare for financial emergencies, or simply continue to build their savings.”
For more information on Cookie Jar, visit www.cookiejarsavings.com.