News

Prize-Linked Savings: 2015 by the Numbers

The numbers are in, and Prize-Linked Savings (PLS) continued to see growth and success throughout 2015. Each year, we collect stats from financial institutions across the country who offer PLS products, and take a look at the impact these accounts have on savings behavior. A few highlights include:

Tim Flacke Speaks at Senate Committee on Aging

Last week, D2D Executive Director Tim Flacke was in Washington, D.C. to speak at a Senate Special Committee on Aging hearing, titled "Closing the Gap: Innovations to Promote Americans' Financial Security." Tim was part of a group of witnesses, including representatives from Transamerica Center for Retirement Studies, HelloWallet, and Blue Ridge Bank, the only bank in the U.S.

Doorways to Dreams Fund and America Saves Announce Save Your Refund $25,000 Grand Prize Winner

Doorways to Dreams (D2D) Fund and America Saves are thrilled to announce that Ebony Brown-Parks of Elgin, IL will receive $25,000 as winner of the 2016 SaveYourRefund Grand Prize Photo Contest.

SaveYourRefund 2016 Results Are Here!

With the 2016 tax season coming to an end in April, so does the fourth successful year of SaveYourRefund, a national campaign encouraging savings at tax time, when households making less than $50,000 claim $100 billion in federal tax refunds. The campaign makes saving a portion of your tax refund fun and engaging by entering participants into prize drawings.

The Faces of Financial Vulnerability in Greensboro, North Carolina

In 2014, D2D undertook an in-depth research project with a small group of credit union consumers in Greensboro, NC in order to better understand the granularity of challenges faced by the financially vulnerable and the role prize-linked savings accounts can play in engaging with savings and coping with financial disruptions.

Building the Innovation Pipeline: Workshopping Solutions for Financially Vulnerable Consumers

With support from the J. P. Morgan Chase Foundation and the Ford Foundation, D2D tested an interactive design workshop on March 1, 2016, convening a select group of experts to ideate around a specific consumer challenge: How might we combine savings and credit opportunities to help financially vulnerable adults manage unpredictable events?

D2D Hosts Expert Convening - May 2016 Newsletter

The newest issue of our newsletter features an expert convening D2D hosted in March, bringing together a diverse group of experts to ideate around the next generation of financial products.

Behavior Changes and Prize-Linked Savings: Managing Financial Volatility

Consumers from across the income spectrum are faced with the challenge of inconsistent income and expenses, but for low- and moderate-income consumers with limited access to financial products and services, these challenges are magnified.

D2D Wins Gold - April 2016 Newsletter

D2D's April 2016 newsletter is out today, featuring exciting updates and news including:

Prepaid Savings Features that Consumers Demand

Prepaid cards are a valuable tool for many consumers, and we believe that new features can make them even more powerful.

Doorways to Dreams Wins “Best Prepaid Innovation” for Gamified Savings App

Doorways to Dreams (D2D) Fund was honored to receive the Gold Medal for Best Prepaid Innovation at the 2016

The Future of Saving — Even Without a Savings Account

Tax time is a major opportunity to kick start an emergency fund and begin a habit of saving. For many Americans, savings bonds are a useful tool to both hold and gift savings in a secure way.

SAVINGS Act, Consumer Engagement, and More in our March Newsletter

Our March newsletter is out, featuring updates on:

Consumer Engagement: Helping People Want What they Need

Doorways to Dreams (D2D) encourages funders to award grants to those projects that involve consumers throughout the process  of developing products, tools, and services in a new report.

SavingsQuest Nominated for Innovation Award - Vote Now!

Our gamified savings app SavingsQuest has been selected as 1 of 5 finalists from a pool of over 600 for the Best Prepaid Innovation

D2D February Newsletter is Here!

D2D's February newsletter has been released, featuring:

D2D Secures New Funding from MetLife Foundation for Financial Empowerment Innovation Fund

Doorways to Dreams (D2D) is pleased to announce the 2016 launch of its Financial Empowerment Innovation Fund.  The $3 million Fund has secured grants from generous funders to support D2D’s ground breaking work to develop and scale a next generation of practical tools to dramatically improve the financial security of economically vulnerable Americans.

SAVINGS Act Introduced in Senate

Senators Patty Murray (D-WA), the top Democrat on the Health, Education, Labor, and Pensions (HELP) Committee, and Susan Collins (R-ME), Chairman of the Aging Committee, have introduce

SaveYourRefund 2016 is here!

At the start of the 2016 tax season, D2D and America Saves launched SaveYourRefund, the annual tax-time saving promotion. SaveYourRefund encourages tax filers to save a portion of their tax refund using IRS Form 8888.

WINcentive Savings Featured in Minnesota

WINcentive Savings launched in Minnesota this month, giving members of 14 credit unions the opportunity to save money and win cash prizes. The first drawing is coming up in February, one of many that will include: