摘要 |
A method and system for establishing a savings account for the benefit of an account holder is provided wherein the account holder arranges to make periodic deposits into the savings account and the bank service provider deposits an predetermined incentive amount into the account such that the account holder can access the incentive amount after a fixed period of time or after a fixed savings goal is reached. In one embodiment, the method and system of the present invention tailored for use in connection with a savings account that is established as a college savings account for the benefit of a child. The method and system is also applicable in other contexts such as for example, retirement savings, education savings, healthcare savings, home purchase savings, etc.
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