SmartMoney Savings Accounts

At this time we have reached our maximum enrollments for the year. Please check back for updates.

CFRC Pays You To Save!

Take the opportunity to open a SmartMoney accelerated savings account that puts you on a path to saving for your future!

 Here’s how it works:

  • Open an account with a minimal initial deposit ranging from $20 to $50.
  • Continue making deposits on a monthly basis from 12 to 18 months
  • Roll over your account for another 15 months with monthly deposits of $40
  • Extend your account for an additional 12 months with monthly deposits of $40 (over three years of high interest saving, combined!)
  • Every deposit earns you more benefits, including a high interest subsidy of 18% Annual Percentage Yield (APY) or more.
  • No monthly bank fees or charges. You can leave your account open for up to 12 months. No early withdrawal penalties.
  • The money you earn is yours to spend any way you like.
  • On Chex Systems? Doesn’t matter! Account is available to all who qualify by income and residency
  • *Account available to County of Los Angeles, California residents ONLY
 EXAMPLE INITIAL DEPOSIT AFTER 6 MONTHS AFTER 12 MONTHS
Amount You’ve Deposited $50 $300 $600
Amount You’ve Saved $50 $390 $763

Who is eligible for this program? 

 To learn if you qualify and for additional information please view the on-line presentation below

Click here to subscribe to SmartMoney mailing list

SmartMoney Account Managers:

Hassan Nicholas at 323.846.1434; or
Veronica Lopez at 323.846.1476

Sponsored by

CFRC • Community Financial Resource Center 2011