Mom Matched Savings Account
When a mom opens a Mom Matched Savings Account and deposits at least $10 per month, Cashco will match that with another $10 – up to $120 a year. That meaningful incentive helps moms develop savings habits and stick to them.
We think that if we get it right for moms, we can get it right for everybody.
Features you won’t get at any other bank:
Match savings up to $120 a year
Unlimited deposit every month
Moms are often the Chief Financial Officers of the home. A mom will appreciate this banking account because it appreciates Moms by matching every $10 monthly savings deposit with another $10 up to a $120 a year.
Western Union Canada provides money transfer services to over 200 countries and territories. With a network of over 494,000 agent locations around the world, we make it easy to send and receive money transfers from Canada to your family and friends around the world. We offer a variety of transaction services, including email money transfers and money transfers using a pre-paid credit card such as VISA or MasterCard. You can make a money transfer at any Cashco Financial locations in Canada.
AN ACCOUNT THAT WORKS AS HARD AS YOU DO.
THE MORE TRANSACTIONS YOU MAKE,
THE MORE YOU SAVE. TAKE THAT, IRONY.
According to a Globe and Mail survey in 2015, a quarter of the respondents said they have very little set aside and live paycheque to paycheque. For many of us in that situation, the notion of having a savings account is next to meaningless. The common perception is that the interest rates on savings accounts are not significant enough to compel our interest — excuse the pun.
If you lost your job tomorrow, how long would your current savings last? Do you have any savings at all, or did your mind go straight to available credit? Or did you just have a panic attack at the thought of this fictional financial situation? Don’t worry, you’re not alone. Saving money has gone out of style with Canadians who have a habit of relying on credit card and loans to cover day-to-day expenses.
There’s no easy way to say it. Saving money starts with shifts in behavior. I speak from experience. The rewards, however small, help fuel the momentum of that shift. But, you have to start somewhere. CBC News conducted research, which shows that the rate of savings in Canada since 1985 had dropped from almost 13 percent annually to around 4 percent.