Newtown Savings Bank, a Connecticut-based institution with over 165 years of service, has partnered with Spiral, a personalized banking platform, to integrate its Roundup Center. This collaboration enables customers to transform everyday purchases into effortless savings and community contributions through personalized digital experiences.
Through the seamless integration of Spiral’s Roundup Center into the digital banking experience, customers can automatically round up their everyday purchases. The spare change generated can then be directed toward their personal savings goals or allocated to support their preferred charitable causes, directly benefiting their communities and various nonprofits.
Anthony Giobbi, Executive Vice President and Chief Banking Officer of Newtown Savings Bank, stated, “Through Spiral’s Roundup Center, customers can seamlessly achieve their financial goals while positively contributing to their community, all without changing their daily spending habits.”
Customers have the flexibility to allocate their roundups entirely to savings or to split them between savings and charitable giving. The platform allows contributions to community and national nonprofits, as well as local initiatives such as affordable housing, financial education, and community development. This personalized experience also includes real-time impact tracking and provides tax-deductible donation receipts.
“It’s inspiring to see how Newtown Savings Bank champions both financial wellness and digital innovation for their communities,” said Shawn Melamed, CEO and Co-founder of Spiral. “We’re excited to support more banks in improving their customers’ lives while growing deposits and creating stronger, more connected communities.”
Spiral, headquartered in New York City, is an award-winning fintech platform designed to help banks and credit unions grow deposits and improve retention through personalized banking experiences. The company enables financial institutions to empower account holders to build savings, achieve financial freedom, and support their communities via online bank accounts, debit cards, or credit cards. Spiral powers millions of card transactions and thousands of community donations for financial institutions nationwide and has been recognized as a Top 100 Financial Technology Company. Spiral is backed by Team8, Euclidean Capital, Intuition Fund, Communitas Capital, Phoenix, Nidoco AB, MTVO, Curql, ICBA, among others. Spiral’s turnkey solutions integrate with leading digital banking providers and core systems.
Newtown Savings Bank is a community bank based in Newtown, Connecticut, with assets exceeding $1.8 billion. Established in 1855, the Bank operates 15 branches across Newtown, Bethel, Bridgeport, Brookfield, Danbury, Monroe, Oxford, Shelton, Southbury, Trumbull, and Woodbury, along with a New Haven Regional Lending Center in Hamden, CT. The institution is a Member FDIC and an Equal Housing Lender.
