Let's fix the savings rate in this country

I've started sending out the following letter to Bank Presidents in Washington State.

Dear Bank President,

I am very concerned with the Savings Rate in the United States. I heard recently that the people of the US have had a negative savings rate for the past 15 months. I'm hoping that you can help me find a way to fix that, because I believe that it is damaging to our economy.

I also get calls every single day from charities asking for a donation, and most of them tell me that it is getting harder and harder for them to meet their budgets and keep their promises. But I don't make enough money myself to both save and help fund the charities that our communities depend on. So I'm looking for a way to do both at the same time. I am searching the banking industry in Washington State for a financial product that will meet my needs.

I would like to open a savings account where the interest paid each month would be split in half, with half going back toward the account balance and half being sent by the bank to a charity of my choice.

Do you have a product or service that would be close to what I am searching for? What kind of account balance would be necessary for you to be willing to justify the administrative costs?

If I can find a bank that would provide the service of setting up and managing an account of this nature, I would do everything possible to promote its growth in the banking service market.

Please contact me with any questions about this quest.

Chad Lupkes
Seattle, Washington

---

You can find the list of banks that I'm contacting here.