Youth Savings Accounts
"Measure Twice, Cut Once" Blog Series Post #2: Getting to Know You(th): How Piloting Allowed HFC Bank to Sharpen Its Value Proposition for Young People
Tuesday, April 2, 2013
"It was clear from the pilot that kids wanted to save – even after the initial three-month restriction on withdrawals had expired, those accounts registered only 7 withdrawals as opposed to 470 deposits in the first three and a half months following the pilot test launch.”
Monday, March 18, 2013
"Piloting was not easy, but was crucial in yielding valuable lessons that enabled these banks to successfully launch their youth savings products when they finally rolled out network-wide in 2012."
Tuesday, January 15, 2013
There are two important questions that an institution must ask when understanding the business case for youth savings:
1) What can youth savings do for my business?
2) What can youth savings do for my customers?
Thursday, January 3, 2013