Savings Programs

OPTA designs customized savings programs. These programs often feature financial incentives that are offered to individual savers by program sponsors to help them remain motivated and on track. Programs are offered either as turnkey for direct implementation by the organization; or managed, which retains OPTA for ongoing data management and program support. We specialize in the following categories of incentivized savings programs

Children's Savings Programs


CSAs typically refer to savings programs that are offered on a large-scale for the benefit of the children and families in a geographic region. CSAs help parents to setup accounts for their children from an early age. Funds accumulated in CSAs are generally made available to the beneficiaries as they graduate high school and get ready to pursue postsecondary education opportunities or start a business.

Savings Accelerated Account


SAA is our award-winning behavioral savings platform. SAA programs are the perfect choice for a community based organization that intends to promote healthy financial habits among its constituents through saving and behavior change. SAA programs complement financial literacy or financial coaching and case management programs. SAA programs are simple to understand, flexible in design, cost effective to administer, and offer meaningful and attractive incentives to savers. SAA is powered by Savings Path, our online data management system.

SAA is powered by Savings Path, OPTA’s online data management system. To learn more about Savings Path click here.

Individual Development Accounts


IDAs are matched savings accounts that allow the account holders to save small sums of money over time and receive a match on saved dollars toward investment in qualified long term assets; typically a first home, business capitalization, postsecondary education, or a personal vehicle for work-related commute. Most of the existing IDA programs receive federal funding through the Assets for Independence Program (AFI) or the Office of Refugee Resettlement (ORR) at the Department of Health and Human Services. These programs and often supplemented with private funds. OPTA offers cost-effective solutions for nonprofit organizations to manage their IDA programs and generate program reports. IDAX (Id-x) is a program management system designed by OPTA that offers unparalleled convenience to all grantees across the nation in managing their IDA projects.

To learn more about IDAX, click here.



Testimonials

Nicole

“…I signed up for this because I thought it would be a way to get free money, but I never envisioned a total overhaul of my financial lifestyle. Best incentive strategy ever.”





Rashid

“Thanks to the Ramp-UP program, I have been working really diligently to earn more and to cut back on expenses in order to pay off my student loans AND fund my 6-month living emergency savings.”