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Federal Deposit
Insurance Corporation

Each depositor insured to at least $250,000 per insured bank

Youth Savings Pilot Program - Phase II

Phase II: How to Participate

school backpack

The FDIC welcomes FDIC-insured institutions to express their interest in participating in Phase II of the FDIC Youth Savings Pilot Program.  To participate, please express your interest by June 18, 2015.  Send an email to YouthSavingsPilot@FDIC.Gov and briefly describe how your bank’s efforts meet the first three bullets under the Minimum Qualifications to Participate section below, as well as how your institutions’ youth savings program relates to the Selection Criteria outlined below. 

We will contact you by July 31, 2015 to let you know whether you are selected for the Pilot.

Minimum Qualifications to Participate

Institutions must meet the following minimum criteria to participate in the Pilot:

Selection Criteria

The FDIC expects to select banks based on a variety of approaches for accomplishing the objective of helping young people access savings accounts. In particular, the FDIC will place particular emphasis on the following elements when selecting the qualifying institutions to participate in the Pilot: