Personal Banking > Savings/Money Market/Certificates of Deposit > Individual Development Account (IDA)
Individual Development Account (IDA)
Saving money to purchase your first home, open a new business or to send a child to college is often difficult. The IDA account is designed to assist low and moderate income families in saving towards these significant life events. Certain participating non-profit agencies match the funds deposited by the account holder at the end of a specified time. To qualify, you must be approved by the participating agency and provide the bank with an eligibility letter from them.
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