I was on the Treasurer of State's website on Saturday morning and was reminded about this really neat program, details below. In sum, you open a Savings account with one of 4 banks (all Ohio banks) and the TOS send you financial education newsletters throughout the year. In the thirteenth month you complete a survey which magically turns in to an extra 3.25% interest on your money!
SaveNOW pays offSaveNOW proves that savings pays off. Many Ohioans lack a savings safety net for life's unexpected events and expenses. The SaveNOW program is an easy, rewarding way to start building your savings and gain financial education.
What is SaveNOW?SaveNOW is a higher interest savings account, which rewards savers with a 3.25% interest rate bonus. The Ohio Treasury partners with qualifying banks to offer Ohioans interest-earning savings accounts. Each applicant who opens an account receives a welcome letter from the Treasury and three financial education newsletters during a 12-month period. Ten months after opening an account, the participant will receive a financial literacy assessment survey. The survey must be completed in order to receive the bonus. The saver will receive a 3.25% interest rate bonus on the account’s average daily balance, approximately in the 13th month from opening an account.
SaveNOW has savers in 76 out of 88 counties throughout Ohio. Start today, don’t delay, To enroll in SaveNOW, please complete an application and open a SaveNOW savings account at one of our participating banks (see the list below).
GoalSaveNOW encourages Ohioans to save a portion of their income, and then rewards them for doing it. More important, the program increases financial literacy by giving Ohioans access to relevant guidance and education.
How it can help It is important for Ohioans to have resources when the unexpected happens. That improves their financial security, and bolsters the state’s financial health too.
Ohio Saves adds lasting benefitsThe Ohio Treasury has a new and exciting partnership that benefits SaveNOW savers. Participants who enroll in the SaveNOW program will automatically be enrolled into Ohio Saves unless they decide to opt out.
Enrolling into Ohio Saves continues financial literacy. Ohio Saves motivates participants to gain control of their finances and develop saving strategies. It allows access to the America Saves newsletter. Ohio Saves is affiliated with America Saves.
For more information go to SaveNOW FAQ.
For more information about Ohio Saves please visit www.ohiosaves.org.
Participating Banks:
PNC Bank
www.pncbank.com
First National Bank
www.fnblifetime.com
Wayne Savings Bank
www.waynesavings.com
CF Bank
www.cfbankonline.com
Posts
