Official Rules for SaverLife Match

By applying for the Program or otherwise participating in the Program, you agree to accept and be bound by these Official Rules (the “Official Rules”), which, together with EARN’s Terms of Service(“Terms”) and Program Rules (“Program Rules”), govern your use of SaverLife (“Program”). In the event of a conflict between these Official Rules and the Terms, these Official Rules take precedence, but only to the extent of the conflict.

1. Program Length

The length of the Program (“Program Term”) is six months unless terminated earlier in accordance with these Program Rules or the Terms. The Program Term begins on the first day of the month following when you link a qualifying financial account or instrument with your online account (“Linked Savings Account”) on EARN’s platform.

2. Saver Eligibility

To open a Program account or participate in the Program, you must:

  1. Be at least 18 years old;
  2. Not previously have opened a Program Account or participated in any other EARN program since June 2016. (Please also note that your participation in the Program—or early termination from this Program—may affect your ability to participate in future EARN programs.); and
  3. Provide all application materials and other materials requested by EARN, such as acceptable identification information and income documentation, in a timely manner.

EARN reserves the right to select Program participants, and to deny your access to Programs at its sole discretion. EARN will select participants for programs on a non-discriminatory basis, considering factors such as past savings history, eligibility for Program requirements, and Program capacity. Eligible applicants to the Program will be selected on a first-come, first-serve basis until the Program has reached capacity. Due to limited funding, EARN cannot guarantee spaces in the Program, and EARN reserves the right to limit participation based on capacity.

EARN reserves the right to contact Program applicants via e-mail, text message, or other messaging platforms in accordance with the   EARN Privacy Policy.   For example, EARN may contact applicants who do not become Program participants (“Savers”) in the Program to invite them to re-apply if additional spaces become available in the Program or to apply for other EARN programs. EARN also reserves the right to permanently close any Program Account if you violate these Program Rules, Terms, or any other agreement with EARN.

3. Savings Targets

  1. Program Savers will be eligible to receive a financial reward (“Reward”) of $10 for each month of the Program Term that the Saver saves $20.
  2. Savings in excess of $20 each month will not be eligible for any additional reward.
  3. Over the Program Term, the Saver may be able to earn up to $60 in Rewards in total. Savings are not eligible to earn any Reward in excess of $60.
  4. Each month, the Saver must save a minimum of $20 in order to be eligible for a Reward that month.
  5. Savings are evaluated based on a calendar-month schedule. The first “month” of the Program Term begins on the first day of the first full month after an individual links his or her Linked Savings Account.

4. Claiming Rewards

  1. The Saver will be eligible to claim Rewards during the time period that begins on the last day of the Program Term and ends 60 days following the expiration of the Program Term. Savers that do not claim a Reward in this time may be ineligible to receive Rewards.
  2. The Saver may need to complete an exit survey before the Saver is eligible to claim Rewards.
  3. If EARN permanently closes the Saver’s Program Account pursuant to the Program Rules or the Terms, the Saver may not be eligible for a Reward.

5. Account Withdrawal Policy

There is no limit to the number of withdrawals the Saver can make during the Program Term. The EARN platform calculates Rewards based on the net gain or loss from the Linked Savings Account for each month, including any loss due to account fees.