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
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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
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