Frequently Asked Questions
SaverLife is a free online program where you can win prizes for saving. Just sign up and link your existing bank account to SaverLife, and you'll automatically be entered to win prizes every week that you save. Plus, as a member, you'll have access to more ways to win!
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.
Just sign up and and link your bank account to SaverLife for tons of chances to win money for saving!
To join SaverLife:
- You must be at least 18 years old.
- You must have a valid email address.
- 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.
Once you sign up for SaverLife, you can win prizes by saving money in your own bank account. It’s that simple!
Our prize offerings change regularly. You can enter to win prizes by saving, pledging, sharing your story, and more!
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.
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.
Note: Certificate of Deposit (CD) accounts or IRA/retirement accounts are not compatible with our platform.
Not a problem— you can 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.
Our free savings program, 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.
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 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 hundreds of thousands of people save.
"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