US Bank needed to design an incentive offer for our customers giving them the ability to move from a low interest rate account to a higher interest account. The idea was to both upsell to a better interest rate account while also bringing in new money for a set time period.
The challenge: The US Bank wanted to design a system that offered a path for long time customers who had only a basic Savings or Money Market account, the chance to move to a much higher interest rate account.
The main goal was to bring in new money by requiring the customer to deposit an certain amount of money on sliding scale that would generate a higher interest rate for the customer if they retained the amount in their Savings or MMA for a required amount of time.
One of the main ideas identified was that a customer would be more inclined to participate if they could actually see and change their results realtime in an online calculator. It also had to be responsive ready for mobile, tablet and desktop.
