CalAccount: Building on California’s Financial Services Track Record

Nari Rhee

A Blue Ribbon Commission is currently exploring the feasibility of sponsoring a low-cost consumer banking option for un-banked and under-banked communities that would be managed by the California State Treasurer’s Office (STO) and run by a private administrator. This brief highlights three financial service products currently managed by the STO that serve the long-term savings needs of families with children, workers, and people with disabilities: ScholarShare 529 College Savings Plan, CalSavers Retirement Savings Program, and CalABLE accounts for people with disabilities.

Read the brief.


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