What is an Individual Development Account (IDA)?

It is a four-year, matched savings program designed to assist individuals in achieving self-sufficiency through financial literacy and asset generation.  For each dollar saved, up to $300 a year, the program will match it with three dollars.  This means, if you successfully save $300 annually, then we match it with $900, totaling a combined savings of $1,200.

That’s an interest rate of 300%

You can use your combined IDA savings to:

 

Contact Alice Young at 765-793-4881, Ext. 105 or via email at ayoung@capwi.org

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