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    Home » Lifestyle » Random

    ableBanking - A Unique Approach to Saving & Charitable Donations!

    September 11, 2012 by Jenn 9 Comments

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    What is ableBanking?

    ableBanking is a division of Northeast Bank, a community bank that was founded in Maine in 1872. Created by a group of former traditional bankers, ableBanking was created as a way to help its customers not only have a pleasant banking experience, but to be able to give to charity.

    That's right - a bank that gives. 

    ableBanking exists completely online, so there are no brick and mortar locations, no expensive overhead - and they've forgone the usual advertising approach of billboards, box seats and advertisements on television. With all of the money ablebanking saves with this business model, they are able to give their customers better rates and no fees!

    ableBanking provides only savings accounts - in the form of personal money market accounts and CDs (6 month to 4 year terms) with interest rates ranging from .90% for the personal money market account to 1.5% for the 4 year CD (these rates are as of 09/11/2012). The charitable donations don't have to wait until you cash in those savings accounts, though! Each time a customer opens a new savings account, ableBanking gives them $25 to donate to the charity of their choice!

    Then you can also donate towards your favorite charity each year on your "ableAnniversary!"

    Customers can donate the money the money saved to local charitable orgainization - as long as it is a 501(c)3 organization - like your children's little league organization, your church, the local food bank or homeless shelter, really any 501(c)3 qualified charity that you can think of!

    I would donate to the local Humane Society of Greater Miami, an organization that is very near to my heart!

    I love the idea of a banking service that not only makes it easier for you to save by doing away with fees and by offering higher interest rates, and allowing you to donate to charity is just icing on the cake.

    You can find out more about how ableBanking operates and how to open an account on the ableBanking website, or by liking the ableBanking Facebook page or following along on Twitter!

    While this is a partnered post, all opinions are my own. 

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    About Jenn

    Jenn, AKA "The Rebel Chick," is a single woman who strives to help her readers live their best lives possible. Whether it be through sharing new recipes, sharing her dating stories, or encouraging people to embrace adventure and travel, she aims to inspire people to live full, happy and authentic lives.

    Reader Interactions

    Comments

    1. HilLesha

      September 16, 2012 at 6:59 am

      Wow, that is great!

      Reply
    2. Notorious Spinks

      September 16, 2012 at 7:10 pm

      This is great. I'm always looking for ways to save and it falls in line with my yearly donation to local nonprofits.

      Reply
    3. Melissa

      September 17, 2012 at 10:51 am

      This is fantastic, I haven't heard of banks doing this!

      Reply
    4. Hanan

      September 17, 2012 at 10:59 am

      Love that you can donate it to the cause of your choice!

      Reply
    5. Alicia

      September 17, 2012 at 11:55 am

      I've had never heard of this before. Thanks for the info!

      Reply
    6. Tesa

      September 17, 2012 at 7:22 pm

      What a neat bank! I love the charitable donation option, that is really wonderful!

      Reply
    7. Lolo

      September 17, 2012 at 11:22 pm

      It is so great that you can donate to a cause of your choice!

      Reply
    8. Emily

      September 18, 2012 at 1:46 am

      So cool that you can customize it to fit the charity you love!

      Reply
    9. Amy

      September 18, 2012 at 9:55 am

      That is awesome! I've never heard of a bank that donates like this.

      Reply

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    Hi, I'm Jennifer! I'm a Miami native and I love sharing easy dinner recipes, baking recipes, travel ideas and general Miami Lifestyle fun! Follow along for inspiration on how to make the most our of life!

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