“Military Saves Week 2017 is a great opportunity for the military community to assess their savings and overall financial health. There is no better time to highlight the importance of saving as many Servicemembers face the option of choosing the new Blended Retirement System. Each year during Military Saves Week, military banks located on installations across the globe are providing special incentives, products, services and financial education.” – Major General Steven J. Lepper (USAF Retired) President and CEO, Association of Military Banks of America (AMBA)
Military Saves Campaign 2017 Begins with Military Saves Week (February 27 – March 4, 2017)
The 2017 Military Saves Campaign will get underway during Military Saves Week, February 27 – March 4, 2017. As part of the larger nationwide America Saves Campaign, Military Saves will again be conducted in cooperation with the Consumer Federation of America.
As in prior years, the Military Saves Campaign is a year-long effort for the DoD military community, and the military banks have traditionally played a key role in supporting the Campaign. The result of a successful Campaign is the enhanced financial readiness of military members and their families by reducing debt and fostering a saving culture.
From the memo:
“The 2017 Military Saves Campaign is an opportunity for the military community to join forces with federal, state and local partners and installation banks and credit unions to focus on the financial readiness of Servicemembers and their families, including the reduction of debt and saving toward personal and family goals.
“This campaign will be the most important yet, as many Servicemembers will face the choice of opting-in to the new Blended Retirement System (BRS) in 2018. Throughout 2017, educaitonal resources and training will prepare Servicemembers and families to make a decision regarding BRS beginning Jnauary 1, 2018.”
AMBA and its member banks have a record of strong support for the annual Military Saves Campaign since its inception. Many AMBA member banks have developed robust programs for Military Saves Week, and we at AMBA Headquarters encourage the banks to build on past successes and make 2017 even better.
For more helpful information, please visit www.MilitarySaves.org
Information for AMBA Member Banks to prepare for MSW2017:
Click here to sign-up to participate in Military Saves Week 2017. Even if you have signed-up in the past, Military Saves creates a new list of participating organizations each year, so please sign-up again. You will also receive news, updates, and free co-brandable materials for Military Saves Week. Now is the time to begin your plans for Military Saves Week.
Promoting the benefits of savings to Servicemembers and their families, offering incentives for customers or members to open or add money to savings accounts, holding workshops and developing new partnerships are just a few of the many ways to help Servicemembers and their families take financial action during Military Saves Week.
Please partner with the installation personal financial manager and others at your installation for a successful program.
Download the MSW2017 Webinar Slides
Download the Financial Institution Participation Kit
Download the Digital Communication Kit (Word version) This is your most useful tool! (coming soon)
All Financial Institutions that participate in Military Saves Week (or America Saves Week) are eligible to be awarded: The America Saves Designation of Excellence – click here for more information about bank criteria for the award.
America Saves is recognizing banks that go above and beyond to encourage people to save money during Military/America Saves Week with the America Saves Designation of Excellence.
America Saves will recognize exceptional banks that succeed in promoting savings or other wealth building accounts and have high levels of accounts opened or added to during Military/America Saves Week. America Saves will recognize not just one, but all banks that achieve excellence during the week at the America Saves National Savings Forum.
AMBA Members – 2016 America Saves Designation of Excellence Recipients:
Armed Forces Bank
First Arkansas Bank & Trust
Will your bank be added to the list this year?