Matched Savings Accounts

Overview

Matched Savings Accounts (MSA) are opportunities for families & individuals of modest means to develop assets and to improve their living standards. MSA helps participants save money and improve money-management skills for a better future. Dollar-for-dollar matches are made on savings when used to purchase specific assets including: home purchase/improvements, business start-up, first-time vehicle, or education for child or self.

For most Americans, having assets like a home, business, or education have been a first step toward economic security and a strong family. But families with low income usually have trouble taking that first step. Through MSA, savers acquire budgeting skills, knowledge of healthy, steady savings and then exercise their new skills by setting goals, attending money-management workshops and participating in one-on-one counseling sessions with a case manager to help them achieve their goals.

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Program Mission

The Matched Savings Account Programs rebuild lives and community by providing low-income families with a means to develop and accumulate assets that will allow them to access opportunities leading toward long-term self-sufficiency.

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Matched Savings Accounts Index

• Overview
  
  
• Accessing Our Services
  
  
• Matched Savings Accounts FAQs