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Where are savings deposited?

April 26, 2017deposited savings

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Where are savings deposited?

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Saving for the American Dream has enlisted US Bank, Union Bank of California, and Citibank as financial institution partners. Program participants establish special IDA savings accounts, jointly owned by United Way of Greater Los Angeles and individual participants, at one of these institutions. IDA accounts will not be assessed any monthly service fees and will be insured by the FDIC, FSLIC or FCUIC for up to $100,000 per account.