Washington, DC — As part of America Saves Week 2019, which runs from February 25 to March 2, the District of Columbia Department of Insurance, Securities and Banking (DISB) is encouraging District residents to make saving automatic. The Department will lead the savings initiatives through its Financially Fit DC and Bank on DC programs. An interactive week is planned for District residents of all ages and income levels.
“Savers with a plan are twice as likely to save successfully for things like home purchases, education and retirement. America Saves Week is a great time to start or restart a healthy savings habit,” said DISB Commissioner Stephen C. Taylor.
Putting Washingtonians on pathways to the middle class is a top priority for Mayor Bowser's Administration, and one of the best ways to do that is through saving. To encourage people to make their saving automatic and a priority, DISB will partner with the Mayor’s Office of Veterans Affairs to show military and veteran families how to achieve their financial goals. The Department will also partner with the Mayor’s Office on African Affairs to provide free resources for District residents that encourage saving; partners also will include local financial institutions such as DC Credit Union that will assist with tax preparation.
America Saves Week, in conjunction with Military Saves Week, is promoted by the non-profit Consumer Federation of America (CFA). This week is a national opportunity for organizations to work together within their communities to transform the lives of millions of Americans. It is the framework in which participating organizations annually highlight programs that address the savings challenges that their constituents face, with support from local and national partners.
District residents are encouraged to reach their savings goals through the Financially Fit program, which includes the Department’s Bank on DC program. Financially Fit DC offers financial education tools and resources to help connect individuals to resources personalized for their financial situation and help them take control of everyday finances. The Department’s Bank on DC program is a collaborative effort between the District government, financial institutions and nonprofits to provide mainstream access to financial services, products and financial education to unbanked and under-banked households in the District of Columbia.
The Department is excited to interact and engage with District residents during America Saves Week 2019. For more information about events that will be offered throughout the week, visit: DC DISB and America Saves Week 2019. Follow social media to participate in Twitter chats and different savings challenges for #ASW19 @DCDISB @BankonDC @AmericaSaves.
The mission of the District of Columbia Department of Insurance, Securities and Banking is two-fold: 1) to protect consumers by providing equitable, thorough, efficient and prompt regulatory supervision of the financial services companies, firms and individuals operating in the District of Columbia; and 2) develop and improve market conditions to attract and retain financial services firms to the District of Columbia. Visit DISB online at disb.dc.gov.