Use Pick Your Payout to Save for Summer Vacation

Is there anything better than planning a summer vacation? There is so much potential. So many possibilities. Places to explore, adventures to be had, and the right crew of people to share it with. Whether you want to live it up in an exotic city or head up north to enjoy a little slice of heaven on the lake, whether your plans are extravagant or simple, one thing is for sure:

You don’t have to break the bank to have an awesome summer vacation.

Did you know that, according to Forbes Advisor, credit cards are the most popular form of payment for travel? Since they also report that the average cost of a vacation in 2024 is $1,500 per week for an individual and nearly $3,500 per week for a family of four, we can’t help but ask: Why take that risk? CNN Business reports that those who fund their vacations with plastic can end up still paying for it more than a year later.

Pick Your Payout at Verve

That’s why at Verve, you can create a savings account to save for your summer vacation and finance your summer adventure. We call it Pick Your Payout. Our Pick Your Payout account is ideal for savers who’d like to save with a goal and end date in mind. Any funds you save in this account transfer to your regular savings in the month you pick as your payout.

Here’s an example: Let’s say you want to save $3,000 in one year starting in April 2024. No problem! All you’ll need to do is open a Pick You Payout savings account, work with a Verve team member to set up automatic payments at $250 per month for the next 12 months, and then select April 2025 as your payout month. On April 1, 2025, the $3,000 you saved (plus dividends) will be transferred directly into your regular savings account.

It’s called Pick Your Payout, but it could just as easily be called Hassle-Free Savings Account. Or Saving-For-Awesome-Adventures-Has-Never-Been-So-Easy Savings Account. Because here at Verve, we’re committed to making it easy for you to save.

What are you waiting for? Get started with Pick Your Payout today. There’s no such thing as getting started too early, and we’ll be with you every step of the way. Adventure is out there!

Want to learn more? Check out these additional tips to build your savings.