2. our products
• Not available through the banks
• For low- and moderate-income households
• Designed to encourage savings
• Safe, Smart and Savvy
3. Save Up with $20 or $50
Deposit $20 monthly for 18 months and earn $165 (21% APY)
Deposit $50 monthly for 12 months and earn $163 (18% APY)
4. Ramp Up with $500
Open with $500 and make deposits of $40 monthly for
14 months and earn $252 (23% APY)
5. Ramp Up more
Extend your $500 account at $40 monthly for
an additional 12 months and earn $73 (5% APY)
6. SAFE accounts for
your child’s education
Save up to $500 ($20-$85 monthly) for up to 24 months and
earn $3 for every $1 (300%) saved towards education-
related expenses for your qualifying child.
7. save for IDA
IDA (Individualized Development Account)
Choose one of three savings goals
8. save for education
Make $85 monthly deposits up to $1,000 for 12 months
and earn $2.50 for every dollar saved ($3,500 maximum)
or
Make $85 monthly deposits up to $1,750 for 24 months
and earn $2 for every dollar saved ($5,250 maximum)
9. save for small biz
Make $85 monthly deposits up to $1,000 for 12 months
and earn $2.50 for every dollar saved ($3,500 maximum)
or
Make $85 monthly deposits up to $1,750 for 24 months
and earn $2 for every dollar saved ($5,250 maximum)
10. save for home
Make $85 monthly deposits up to $1,000 for 12 months
and earn $2.50 for every dollar saved ($3,500 maximum)
or
Make $85 monthly deposits up to $2,000 for 24 months
and earn $2 for every dollar saved ($5,250 maximum)
11. income limits
For $20, $50 & $500 accounts
• Household size of one cannot exceed $46,400
• Household size of two cannot exceed $53,000
• Household size of three cannot exceed $59,650
• Household size of four cannot exceed $66,250
• Household size of five cannot exceed $71,550
• Household size of six cannot exceed $76,850
• Household size of seven or more cannot exceed $82,150
12. income limits
For children’s education accounts
• Household size of two cannot exceed $34,200
• Household size of three cannot exceed $38,450
• Household size of four cannot exceed $42,700
• Household size of five cannot exceed $46,700
13. income limits
For IDA accounts
• Household size of one cannot exceed $22,340
• Household size of two cannot exceed $30,260
• Household size of three cannot exceed $38,180
• Household size of four cannot exceed $46,100
• Household size of five cannot exceed $54,020
• Household size of six cannot exceed $61,940
• Household size of seven cannot exceed $69,860
• Household size of eight cannot exceed $77,780
14. requirements add’lly
For children’s education accounts
• Have a child or dependent between 10-18 years old
• At least one employed person in the household
• Have recent tax statements
• Reside in the County of Los Angeles
• Have valid social security or ITIN
• Only use savings for permitted uses
15. requirements add’lly
For IDA accounts
• Attend 8-hour workshop for first-time home savers
• Attend 6-hour workshop for small biz or continuing
education savers
• Be at least 18 years old
• Reside in the County of Los Angeles
• Have valid social security or ITIN