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Creating Youth Savings Programs in Your Community: A Road Map for Banks, Schools, and Nonprofits 512Kb
Linking Youth Savings with Financial Education: Lessons from the FDIC Pilot, summarizes the experiences of 21 diverse banks, during the FDIC’s two-year pilot, in designing and implementing youth savings programs. It identifies promising approaches and lessons learned from combining traditional, classroom-based financial education with the opportunity to open a safe, low-cost savings account. The report defines a range of models that offer banks flexibility to adapt to varying opportunities to promote youth savings.
Linking Youth Savings with Financial Education: Lessons from the FDIC Pilot - Entire Report 2Mb
Forward 43Kb
Introduction 208Kb
The FDIC Youth Savings Pilot
The Advantages of Experiential Financial Education
Using this Report
Lessons from the Youth Savings Pilot 1Mb
Designing a Youth Savings Program
Initiating and Sustaining Partnerships
Choosing What Type of Accounts to Offer
Delivering Effective Financial Education
Parents/Guardians
Taking Stock of the Costs of Youth Savings Programs
Measuring Performance and Impact
Creating Youth Savings Opportunities 552Kb
Phase I: Early Planning
Phase II: Design the Program
Phase III. Finalize and Document Agreements
Phase IV. Implement the Program
Phase V. Assess and Refine the Program
Conclusion 204Kb
Appendix A: Youth Savings Pilot Programs 83Kb
Appendix B: Accounts Opened During 2015–16 School Year 44Kb
Appendix C: Research Methodology 50Kb
Data Collection Methods
Appendix D: Resources 63Kb
Programmatic Resources
Educational Resources
Relevant Research