FAQ

What is an IDA?

An IDA or Individual Development Account is a savings account connected to services to help individuals and families eventually acquire an economic asset toward long-term financial stability. Typical asset goals for the savings and match are homeownership, higher education, job training, and small-business capitalization. The program is designed to help people of modest means through a matched savings account and financial education. To qualify for the IDA program, you would need to have a source of income other than Social Security.

Veridian serves as a partner financial institution and as a depository for participants' savings accounts.

All information provided through this site is intended to be accurate. However, there may be inaccuracies from time to time which we will make every attempt to correct immediately.

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