Individual Development Accounts (IDA)
Individual Development Account (IDA) is a matched-savings program that helps income-eligible Vermonters to save money to buy a home, pursue higher education, or capitalize a small business.
Of the 76 new savers opening IDA accounts this year, 64 (84%) increased their savings. In 2007, among existing savers who have begun to spend their savings, 78 capitalized a small business, 29 were able to pursue post-secondary education, and 14 purchased their own home.
How it Works
To Find Out More
To find out more about Individual Development Accounts, please contact your local Community Action Agency.