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Individual Development Accounts
(Matched Savings)
Double your money with an Individual Development Account!  “IDAs” are matched savings accounts established to help low-income households purchase important assets. Every dollar a person saves is matched by one dollar. The Washington Access Fund has two pilot programs for IDAs -- an Assistive Technology IDA and a Business Equipment IDA.The following table illustrates how participants can use this program to save towards their goals.
Access Fund IDA Programs
The Washington Access Fund has two pilot programs, visit the following pages to learn more about each and for application instructions:
 Client Spotlight: Assistive technology “is my sight connection.” Meet Tyle Eckel - IDA Program Participant! Tyler has been saving money in the Access Fund’s Individual Development Account (IDA) Program for almost three years. Through this program, Tyler’s savings are matched – doubling the money available for purchases of assistive technology.Click here to read more about Tyler Eckel! Interested in learning more about IDAs? CFED has a list of IDA programs across the nation. Click here to find one near you. CFED is a multi-faceted organization working at the local, state and federal levels to create economic opportunity that alleviates poverty. Download a list of IDA contractors and service areas in Washington State on the Department of Commerce page about IDAs. Want to read success stories from across the nation? Click here! |
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