Saving
Round-ups vs. fixed deposits: which saves more?
We compared both methods over a year of typical spending.
Leo Martins
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4 min read
Round-ups move the spare change from each card purchase into savings. Fixed deposits move a set amount on a schedule. Both work. They just suit different people.
What a year looks like
With around 40 card purchases a month, round-ups typically add $15 to $25 a month. A fixed deposit of $150 a month adds $1,800 a year before interest. The fixed amount usually wins on size.
Why round-ups still matter
Round-ups are painless. You never decide to save, so you never decide not to. Many savers use both: a fixed deposit for the main goal and round-ups as a quiet bonus.
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