In an Individual Development Account, also called an IDA, the Utah Individual Development Account Network (UIDAN) administered through AAA Fair Credit Foundation will match your savings 3-to-1 when you save toward a first home, a small business or higher education.

After completing the required financial management training, you can open an IDA with as little as $15. You can save up to $1,500 in your IDA, and UIDAN will match it with an additional $4,500, giving you a total of $6,000.

In order to receive the matching funds, you must complete the required free financial management training and invest your savings in one of the following productive assets:

Home ownership for first-time home buyers;
Post-secondary education or certified vocational training for the account holder;
Small-business development or business capitalization.

To find out if you qualify visit www.uidan.org or contact:

Utah Individual Development Account Network
AAA Fair Credit Foundation
Toll Free:  1-877-787-0727 (Se habla Espanol) 
info@uidan.org

Click here to download and print a brochure to learn more about the program and find out if you qualify.