Prosperity Savings Accounts

How do I apply for a Prosperity Savings Account?

  • Step 1: Register for a Prosperity Center Orientation to determine whether or not you pre-qualify.
  • Step 2: Once you have completed the orientation and determined that you’re pre-qualified, you will receive an online application link. Complete the application and gather the required documentation.
  • Step 3: Meet with a Prosperity Center representative to finalize the application process.
  • Step 4: If you’re approved, open your Prosperity Savings Account and begin saving towards making your dreams a reality!

How do Prosperity Savings Accounts work?

For every $1 that you save, Prosperity Savings Accounts, otherwise known as Individual Development Accounts, add an $8 match to your savings so that you can develop a small business or continue your education.

The Prosperity Center, United Way of Frederick County, and the Frederick County Government are also proud to present the Prosperity Savings Account Homebuyer Program. For every $1 that you save, Prosperity Savings Accounts add a $4 match to your savings so that you can buy a house.

If you're still confused on how Individual Development Accounts (IDAs) like our Prosperity Savings Accounts work, watch the video on the right for a quick explanation.

Still have questions? See this page for more information.

The software used to manage the Prosperity Savings Accounts, Outcome Tracker, is powered by a generous grant from Nymeo.