As explained in a press release from the US Treasury, Form 8888 allows tax filers to save part of their refund in a myRA retirement account, as well as enter the SaveYourRefund promotion for a chance to win a cash prize.
An article in Latin Post describes how Prize-Linked Savings is a new kind of savings account.
CUNA News Now reports on the introdcution of prize-linked savings legislation in Missouri.
Fox 9 television reports on the launch of WINcentive Savings in Minnesota, a prize-linked savings account.
The South China Morning post reports that there are a variety of games that can help teach financial literacy to young people, including D2D's Celebrity Calamity.
MIchigan State University Extension reports on how SaveYourRefund allows tax filers to save a portion of the tax refund for a chance to win a cash prize.
Financial Advisor comments on how D2D's gamification approach may help low- and middle-income households, as well as youth, boost savings.
This article in Banking Exchange describes how new innovations such as Gamification, Financial Entertainment, and Prize-Linked Savings are helping to teach and encourage savings.
Prize-Linked Savings programs turn some savers into winners, according to Times Union.
A press release from CU Insight shows members of ABNB Federal Credit Union in Virginia are excited about participating in Save to Win.
Two-thirds of Americans have less than $1,000 in their savings account. An article in Consumer Affairs explains that SaveYourRefund is a great way to jump start savings.
The Federal Reserve Bank of Boston published this article in Communities & Banking about new tools that are emerging to help consumers access affordable financial services and save for emergencies
Bloomberg reports that Blue Ridge Bank in Virginia is the first bank in the US to offer Prize-Linked Savings products.
Behavioral economics shows that the excitement around Prize-Linked Savings helps motivate a saving habit, according to a blog post from Artemis Strategy Group.
Blue Ridge Bank begins offering Prize-Linked Savings product, Jackpot Savings, after legislation legalizing it went into effect this summer, as reported by American Banker.
American Banker announces new USAA app aimed at helping millennials save money through gamification, and quotes D2D Executive Director Tim Flacke.
Forbes article covering a Bipartisan Policy Center event where D2D Executive Director Tim Flacke spoke on Prize-Linked Savings.
Wall Street Journal article on the modern, data-driven methods being tested to help alleviate poverty.
NYT columnist Ann Carrns talks about the reduced appeal of savings bonds due to low interest rates.
Despite it's popularity, the lottery can be harmful to low-income people; but can we apply those concepts to saving? An article from the Washington Post explores the possibility.