SafetyNet Launches Cookie Jar

by Taylor Kennedy

SafetyNet

SafetyNet today announced the launch of Cookie Jar, an employer-sponsored financial wellness program that helps employees save money by rounding up everyday transactions into a savings account.

“Cookie Jar helps employees build greater financial stability by offering a simple way to save money with the help of their employer,” Cookie Jar Head of Customer Experience Roshni Chowdhry said in a statement. “The program is designed to help people save for special goals, prepare for financial emergencies or simply continue to build their savings.”

According to a release, the program rounds up debit card purchases and checking account transactions to the nearest dollar and stores the change in employees’ Cookie Jar savings account. In addition, employers can match the round-up (up to 100 percent), and employees can withdraw funds at any time without no penalty.

The financial wellness program costs $3/month per employee.