CHARLOTTE, N.C. — Carolina Postal Credit Union is on a missionto show members that bankers' new “spend and save” debit cardaccounts can't measure up to good old fashioned payroll deductionsaving.


To spread the savings word, CPCU is using direct mail, e-mail,banners, Web banners, and a new one-stop blog for savings hints andadvice at


According to CPCU Vice President of Marketing/BusinessDevelopment Deb McLean, bankers' spend and save accounts “only addup to pennies a day, and consumers don't get any substantialsavings built up from it.”


For example, based on several members' accounts that CPCUcompared, at the end of one year's time, on average, members wouldhave saved only $180.77 with Bank of America's Keep the Changeaccount and $452 with Wachovia's Way2Save account. McLean saysmembers depositing just $25 a week in a CPCU savings account wouldend up with $1226.68 at the end of the year, representing more thandouble the banks' year-end total.

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