Children’s Savings Accounts

Imagine if every child in Illinois had a savings account to pay for college, help them buy their first home, or start a business. The Illinois Asset Building Group has proposed an innovative new way to help make this a reality - Children’s Savings Accounts.

What are Children’s Savings Accounts?

Children’s Savings Accounts (CSA) are savings and investment accounts created to ensure that all children have the opportunity for lifelong learning and asset building. Opened at birth with an initial deposit and linked to financial education, CSAs have the ability to enhance children’s aspirations, parents’ hopes, and teachers’ expectations - providing opportunities for the next generation.

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CSA Information & Overview
Children’s Savings Accounts - An Overview

Children’s Savings Account Task Force - The Effort to Create CSAs

Task Force Legislation - HB1662 Enrolled

Videos & Stories
Stories on What Illinois Residents Think of CSAs

National CSA pilot programs

Local Children’s Savings Account Demonstartion Project - SEED Demonstration

Presentations
Illinois Asset Ownership