Did a quick search today. Found some other CU’s who are offering the DriveUp Savings product. If you are one of them listed below or one we have not yet reported, please comment. Would love to hear how it is going for you.
AAA FCU (South Bend, IN)
AAA Federal Credit Union now offers a Drive-Up Savings. When you get a new vehicle loan with AAA FCU you can now add a Drive-Up Savings. A Drive-Up Savings is a Certificate of Deposit that has the same rate (APY) as the rate on your loan (APR). You can deposit up to 10% of your monthly loan payment into your Drive-Up Savings. For more information about our Drive-Up Savings contact one of our three offices. (http://aaafcu.com/loans)
MidWest Financial CU (Ann Arbor, MI)
Drive Up Savings
Add it to your new MidWest Financial auto loan and watch your savings grow!
How It Works*
Auto Loan: $20,000 for 60 months at 5.75% APR Monthly Payment: $384.40 Drive Up Savings: You deposit additional funds, up to 20% of your monthly payment Monthly Deposit: $76.88 Savings Rate: 5.75% (same rate as your auto loan;
that’s 5.90% APY*)Over the life of your loan you will have saved:
12 months – $947.38
24 months – $1,950.71
36 months – $2,936.39
48 months – $4,139.06
60 months – $5,253.93*APY= Annual Percentage Yield. All rates and figures for example only. Savings rate effective while loan is in repayment and good standing only. Subject to credit approval. To qualify for Drive Up Savings, borrower must use electronic payment for the loan payment and savings deposit. Withdrawal restrictions and early closure penalties may apply. Membership eligibility required. Please see a Representative for details. (https://www.mwfcu.org/services/savings)
Fiscal Credit Union (Glendale, CA)
DriveUp Savings
Get an Auto Loan…
Get a Term Share Certificate…
AT THE SAME RATE!
When you get a new or used car loan at Fiscal, you can open a term share certificate at the same rate.* Select your monthly contribution amount to be automatically transferred into your term share certificate account every month and start saving at a higher rate today.
For full details, call (800) 311-3328 or stop by your nearest Fiscal branch.
(www.fiscal.com/index.cfm?fuseaction=view&CID=97)
Tarrant County CU (Fort Worth, TX)
Get an Auto Loan…Get a Savings Account…AT THE SAME RATE!
Everyone wants to save more money. Very few of us find that to be an easy thing to do. That’s why we are happy to introduce you to a new way to help you save. It’s the DriveUp Savings account . . . (www.tarrantcu.org/news-and-events/2009-02-01-driveup.php)
