Frequently Asked Questions

SaverLife is an online program that rewards you for consistently saving at least $20 each month. The program lasts for 6 months and you can earn a maximum of $60.

You will have the opportunity to select a savings goal and set a personal monthly goal amount. The purpose of this goal is to challenge yourself to save more than $20. Although we hope you'll reach your personal goal every month, reaching your goal or saving more than $20 will not increase your rewards.

    1. Join now by clicking the "Join Now" button at the top right corner of this page.
    2. Enter your name and email address.
    3. Connect your bank account to SaverLife by entering your online credentials so we can track how much you save.
    4. Save at least $20 each month for 6 months in your own bank account. We don't touch your money, so you'll need to move money to your linked account yourself.
    5. Earn $10 in rewards each month that you save at least $20.
    6. After 6 months, you can claim your rewards by completing an exit survey and entering your bank's routing number and your account number.

SaverLife is not a bank or savings account. To participate in SaverLife, you need an online bank account with a bank or credit union based in the United States that connects to our savings program.

You only need to enter your name and email address. Voila! Join now!

To qualify for SaverLife:

  1. You must be at least 18 years old.
  2. You must have a valid email address.
  3. You must have a savings account in your name at a bank or credit union based in the United States, and be enrolled in online banking with valid credentials.

You earn rewards by saving money in your own bank account. It’s that simple!

You can make a deposit at a bank branch, manually transfer funds online, or enroll in direct deposit with your employer. We track how much you save and you’ll get rewards at the end of the program.

For every month that you save at least $20, you'll earn a $10 reward. If you save at least $20 all six months of the program, you'll earn $60 in rewards. Even if you miss some months, you'll still earn $10 for each month that you saved $20.

These rewards will be transferred directly into the bank account you linked via ACH transfer when you complete the exit survey and enter your account information.

SaverLife uses the same encryption and security standards as banks. We’re also verified and monitored by third party experts, and we follow the Open Web Application Security Project and industry best practices for Web application security.

All the data in our system is stored in an encrypted form. SaverLife only tracks your transaction amounts, and we don't store your online banking credentials. You may change your online banking credentials or unlink your account at any time.

You can link any type of bank account, but we highly recommend that you use a savings account.

We've found that people who link a savings account are more successful in reaching their savings goals. A savings account allows you to put away money that you won't need to use for daily expenses.

Not a problem -- open one today! We highly recommend opening a savings account. You must have a bank account with online banking credentials to sign up for SaverLife.

When opening a bank account, we suggest that you look for an account with no monthly maintenance fees, no minimum balance requirements and conveniently located ATMs or local branches.

We also recommend that the financial institution you choose is either FDIC insured (for banks) or NCUA insured (for credit unions). When you go to open a bank account (or open it online) be sure to bring your social security card or individual tax identification card.

Once you have set up online banking, you can link your bank account to SaverLife.

SaverLife supports over 9,000 financial institutions in the United States, so if your bank or credit union is in the U.S., SaverLife can probably connect to it. SaverLife even connects to your PayPal account!

SaverLife is a financial wellness program offered by EARN, a national nonprofit whose mission is to help working families achieve prosperity through savings.

At SaverLife, our free savings programs and financial coaching and educational content are made possible by generous grants from foundations, corporations, and individual donors who are committed to improving the financial well-being of Americans.

Please visit the SaverLife Help Center to read more FAQs or contact our support team!

Saundra Davis is a nationally recognized financial coach and educator. Her experience in the U.S. Navy, where she made EVERY money mistake possible, and her twenty years serving community-based organizations (that is where you make the big bucks, right?) led her to the reality that the best way to help people find a path out of poverty is to help them become their OWN financial expert.

Saundra’s award-winning work has helped to shape financial coaching programs around the country and her high energy, comprehensive training programs inspire nonprofit staff to become true experts in the field.

Ms. Davis holds a B.S. in Management and an M.S. in Financial Planning from Golden Gate University, where she is currently an adjunct professor in the Personal Financial Planning program.

The goal of our financial education content is to support SaverLife members to better manage their financial lives and to begin and maintain a savings habit. To that end, we take pride in providing you with high-quality, accurate, and unbiased financial information and recommendations based on the advice of our certified financial coaches and other trusted experts in financial education.

In keeping with our mission, we do not accept payment for endorsing or recommending products or services. Some of our content may be sponsored by one of our trusted partners, and if so it will be clearly identified.

All information is provided for educational purposes only and is not intended to be financial advice.

EARN is an award-winning, national nonprofit that builds prosperity for working families by helping them save and invest in their futures. Since 2001, EARN has helped thousands of low-income individuals save.
Please contact EARN, the organization that runs SaverLife, if you are interested in being a SaverLife sponsor or partner or if you would like to write about SaverLife.

EARN's Partner Resources

EARN's Sponsor Resources

EARN's Press Resources

Lawreece Square

"I'm just amazed how SaverLife really helped me. One program out of the many that I've tried - this was the one that kicked down the door for me."

-Lawreece, California Saver