Open An Account

STEP 1: LEARN ABOUT THE IDA
In an Individual Development Account, also called an IDA, EARN will match your savings 2-to-1 when you save toward a first home, a small business or higher education.

After taking the required (free) money-management training, you can open an IDA with as little as $20. You can save up to $2,000 in your IDA, and EARN will match it with an additional $4,000, giving you a total of $6,000.

In order to receive the matching funds, you must complete all the required (free) money-management training and invest your savings in one of the following assets:

Home ownership for first-time home buyers;
Post-secondary education or certified vocational training for the account holder;
small-business development or business capitalization.

REQUIRED (FREE) MONEY-MANAGEMENT TRAINING
8 hours of EARN's Basic Financial Management Training
6 hours of asset-specific training related to the savings goal
At least 2 Saver Workshops per year
1 Withdrawal Orientation

Frequently Asked Questions>>

Step 2: Find Out If You Qualify>>



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