Dear Spiral Community,
We're thrilled to share the news of our partnership with Bank of Guam, the leading financial institution in Guam and the Western Pacific. This partnership enables Bank of Guam to grow and retain deposits at a low cost while delivering innovative, personalized digital experiences. With Spiral, customers will be able to effortlessly save for their financial goals through everyday purchases and digital banking, while also supporting local nonprofits and community causes.
Automatic Savings, Made Personal
With the average personal savings rate still below 4%, many Americans continue to struggle to save for long-term goals or emergencies. Spiral's Savings Center will enable Bank of Guam's customers to build savings automatically through personalized, gamified experiences like innovative Automatic Savings and goal tracking, tailored to customers' needs. Customers can easily set and reach goals like buying a home, starting a business, purchasing a car, or saving for travel, making saving easier and more engaging.
"Our mission is to strengthen the financial well-being of our communities," said Lesley Leon Guerrero, Senior Vice President, Chief Experience Officer at Bank of Guam. "With Spiral, our customers can reach their dreams while giving back to the causes they love—turning everyday banking into a force for good benefiting their families and our community."
Helping Customers and Communities Thrive
Through this partnership, Bank of Guam will also be able to transform everyday purchases into effortless savings and community impact. Customers will be empowered to automatically round up their everyday purchases and direct the spare change toward their savings goals or support their favorite charitable causes and nonprofits. Additionally, their new Giving Center will allow customers to donate directly from their banking accounts, create a personalized portfolio of causes, track their charitable impact, and receive donation reports for tax purposes.
"Bank of Guam is leading the way in helping customers save more and make a difference," said Shawn Melamed, CEO and Co-founder of Spiral. "We're proud to empower more banks to grow deposits, deepen relationships, and become the primary institution in their communities."
See It in Action
To discover how Spiral's platform can help your institution grow core deposits while boosting retention and loans, book a demo today.
