Dear Spiral Community,
We're excited to share the news of our partnership with Bravera Bank, a leading multi-state financial institution serving communities across North Dakota, Montana, and Minnesota. With Spiral, Bravera Bank will be able to grow and retain deposits at a low cost while delivering innovative, personalized digital experiences. Bravera's 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.
Personalized Savings With Impact
With the average personal savings rate still below 5%, many Americans face challenges building financial reserves for future goals and unexpected expenses. Spiral's Savings Center will enable Bravera's customers to build savings automatically through personalized, gamified experiences like innovative Auto-Savings and goal tracking, designed around individual preferences. Whether customers aim to purchase a home, launch a business, buy a vehicle, or plan a vacation, the Savings Center makes saving both simpler and more compelling.
This partnership will enable Bravera to convert routine transactions into seamless savings opportunities and meaningful community contributions. Customers can automatically round up daily purchases, channeling the extra cents toward personal financial goals or supporting preferred charities and community organizations. The new Giving Center will provide customers with direct donation capabilities from their bank accounts, personalized cause portfolios, charitable impact tracking, and comprehensive donation documentation for tax filing needs.
"At Bravera, we’re committed to helping customers build financial strength while staying true to our deep community roots," said Cill Skabo, Chief Growth Officer at Bravera. "Partnering with Spiral allows us to deliver innovative digital tools that grow savings, boost engagement, and create meaningful community impact."
Helping Americans and Communities Thrive
By adding Spiral, Regent Bank will drive more awareness and digital donations to local nonprofits, and will be able to attract more nonprofit businesses to create positive change in their communities through fundraising campaigns, donation matching, and community-wide events. This initiative reflects the bank's broader initiative to support nonprofit organizations through dedicated business banking services designed specifically for mission-driven organizations.
"Bravera is pioneering innovative approaches to boost customer savings and community contributions," said Shawn Melamed, CEO of Spiral. "We're excited to help more banking institutions accelerate deposit growth, forge deeper customer bonds, and become the cornerstone financial provider 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.
