The goal of America Saves Week is to get people to save automatically. Work with a bank or credit union to provide individuals with a way to successfully save automatically. If you are already working with an affiliated bank or credit union start with them:
Work with banks and credit unions who can offer:
- No‐fee savings accounts with low opening balances ($25 or less) with incentives introduced during the week.
- Incentives for making deposits into current accounts, offer low cost IRAs, CDs or other wealth‐ building accounts, or offer special emergency savings accounts.
- Automatic savings through direct deposit or a transfer between checking and savings.
This FDIC Model Safe Account template will help you determine which savings accounts are safe and affordable.
Want more information about working with a bank or credit union? Contact George Barany.