# FDIC FIL-18-2015: FDIC Announces Phase II of the Youth Savings Pilot Program > Federal · Agency guidance · Superseded URL: https://www.frixlaw.com/law-library/statutes/FDIC_FIL15018 ## Section - **Citation:** FDIC FIL-18-2015 - **Heading:** FDIC Announces Phase II of the Youth Savings Pilot Program - **Jurisdiction:** Federal - **Kind:** Agency guidance - **Status:** Superseded - **Text as of:** August 14, 2026 - **Source:** Compiled text - **Location:** FDIC Financial Institution Letters / FDIC Announces Phase II of the Youth Savings Pilot Program ## Text FDIC Announces Phase II of the Youth Savings Pilot Program Miscellaneous April 20, 2015 Share on Facebook Share on X Share on X Follow the FDIC on LinkedIn Share through email Print Summary: FDIC-insured institutions are invited to apply to participate in Phase II of the FDIC's Youth Savings Pilot Program, which seeks to identify and highlight promising approaches to offering financial education tied to the opening of safe, low-cost savings accounts for school-aged children. Phase II of the program targets programs during the 2015–16 school year. Pilot participants will be connected with other participants and technical assistance resources. Applications for Phase II are due by June 18, 2015. Statement of Applicability to Institutions with Total Assets Less Than $1 Billion: This Financial Institution Letter (FIL) applies to all FDIC-insured institutions. Highlights: To introduce students to banking services at an early age, many insured financial institutions collaborate with schools to offer financial education and to establish school-based savings programs. These programs help students learn how to manage their money more effectively, encourage developmental savings habits at a formative age, and promote economic inclusion for entire families. For more information, see the interagency "Guidance to Encourage Financial Institutions' Youth Savings Programs and Responses to Frequently Asked Questions" outlined in FIL-11-2015 . The FDIC is conducting a two-phase pilot program to learn from school-based savings programs and identify promising bank strategies for working with schools or other organizations that combine financial education with access to a savings account e interagency "Guidance to Encourage Financial Institutions' Youth Savings Programs and Responses to Frequently Asked Questions" outlined in FIL-11-2015 . The FDIC is conducting a two-phase pilot program to learn from school-based savings programs and identify promising bank strategies for working with schools or other organizations that combine financial education with access to a savings account. FDIC-insured financial institutions are eligible to be considered for the second phase if, during the 2015–2016 school year, they expect to launch a new program to help young people open a savings account in conjunction with a financial education program, if they modify an existing program in a way designed to increase participation, or if they expect to expand their work with an existing school or other nonprofit partner to reach more young people. Institutions must apply by June 18, 2015. For more information on the pilot program and application process, visit http://www.fdic.gov/youthsavingspilot . The FDIC intends to publish a report in late 2016 to provide financial institutions with best practices on how to work with schools or other organizations to combine financial education with access to a savings account. Distribution: FDIC-Insured Institutions Suggested Routing: Chief Executive Officer CRA Officer Chief Retail Officer Paper copies may be obtained through the FDIC's Public Information Center, 3501 Fairfax Drive, E-1002, Arlington, VA 22226 ( 877-275-3342 or 703-562-2200 ). FIL-18-2015 Contact(s) Luke W. Reynolds , (202) 898-7164 Ron Jauregui, Community Affairs Specialist, Outreach and Program Development, Division of Depositor and Consumer Protection, at or (202) 898-7154 ## Nearby sections - [FDIC FIL-1-2002 FOREIGN ASSETS CONTROL ACT](https://www.frixlaw.com/law-library/statutes/FDIC_FIL02001.md) - [FDIC FIL-1-2010 Employee Compensation Advance Notice of Proposed Rulemaking](https://www.frixlaw.com/law-library/statutes/FDIC_FIL10001.md) - [FDIC FIL-1-2015 DEPOSITORY INSTITUTION REPORTS](https://www.frixlaw.com/law-library/statutes/FDIC_FIL15001.md) - [FDIC FIL-1-2018 DEPOSITORY INSTITUTION REPORTS](https://www.frixlaw.com/law-library/statutes/FDIC_FIL18001.md) - [FDIC FIL-1-2024 Consolidated Reports of Condition and Income for Fourth Quarter 2023](https://www.frixlaw.com/law-library/statutes/FDIC_FIL24001.md) - [FDIC FIL-2-2019 DEPOSITORY INSTITUTION REPORTS](https://www.frixlaw.com/law-library/statutes/FDIC_FIL19002.md) - [FDIC FIL-2-2020 Consolidated Reports of Condition and Income for Fourth Quarter 2019](https://www.frixlaw.com/law-library/statutes/FDIC_FIL20002.md) - [FDIC FIL-3-2017 Community Banking Conference 2016 Highlights](https://www.frixlaw.com/law-library/statutes/FDIC_FIL17003.md) - [FDIC FIL-4-2015 The FDIC Launches Web Page to Support Marketing of Failing Financial Institutions](https://www.frixlaw.com/law-library/statutes/FDIC_FIL15004.md) - [FDIC FIL-4-2018 Revisions to the Consolidated Reports of Condition and Income (Call Report) for March and June 2018](https://www.frixlaw.com/law-library/statutes/FDIC_FIL18004.md) - [FDIC FIL-4-2019 Banker Webinar: Update on the Standardized Export of Imaged Loan Documents Initiative](https://www.frixlaw.com/law-library/statutes/FDIC_FIL19004.md) - [FDIC FIL-4-2021 Revised Guidelines for Appeals of Material Supervisory Determinations](https://www.frixlaw.com/law-library/statutes/FDIC_FIL21004.md) - [FDIC FIL-4-2023 Guidance to Help Financial Institutions and Facilitate Recovery in Areas of California Affected by Severe Winter Storms, Flooding, Landslides and Mudslides](https://www.frixlaw.com/law-library/statutes/FDIC_FIL23004.md) - [FDIC FIL-4-2025 FDIC Statement of Policy on Bank Merger Transactions](https://www.frixlaw.com/law-library/statutes/FDIC_FIL25004.md) --- Source: Frix Law Library, https://www.frixlaw.com/law-library/statutes/FDIC_FIL15018. 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