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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

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The FDIC welcomed FDIC-insured institutions to express their interest in participating in Phase II of the FDIC Youth Savings Pilot Program. The expression of interest period closed on June 18, 2015.

We will contact those who expressed an interest by July 31, 2015 to let them know whether they were 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: