(Insert staff persons’ names and contact information.) LET’S START SAVING !!! Frequently-asked Questions Q. What is an IDA? A. IDAs, or Individual Development Accounts, are special matched savings accounts designed to help families and individuals of modest means establish a pattern of regular saving and, ultimately, purchase a asset.” “productive A asset” is something of value that is likely to “productive return substantial long-term benefits to its owner benefits – like security, stability and opportunities for more income. Q. What is a “savings A. A match” is a promise by the agency to “savings supplement an IDA Participant’s savings deposits at a specific rate. For every dollar that you save in your IDA, you will be matched (Insert match rate and maximum match). The maximum number of accounts that a family can have is two. Q. Who is eligible to participate? A. The (Insert agency’s name) IDA Program is open to individuals or families who meet the following criteria: (Insert Program Eligibility Requirements)
(Insert staff persons’ names and contact information.) LET’S START SAVING !!! Frequently-asked Questions Q. What is an IDA? A. IDAs, or Individual Development Accounts, are special matched savings accounts designed to help families and individuals of modest means establish a pattern of regular saving and, ultimately, purchase a “productive asset.” A “productive asset” is something of value that is likely to return substantial long-term benefits to its owner – benefits like security, stability and opportunities for more income. Q. What is a “savings A. A “savings match” is a promise by the agency to supplement an IDA Participant’s savings deposits at a specific rate. For every dollar that you save in your IDA, you will be matched (Insert match rate and maximum match). The maximum number of accounts that a family can have is two. Q. Who is eligible to participate? A. The (Insert agency’s name) IDA Program is open to individuals or families who meet the following criteria: (Insert Program Eligibility Requirements)
Participant%20Handbook%2001-14-14.docx