Additional Information
Please fill-in the following information before you start your courses:
First Name: Last Name: Organization/Agency your work for: (Please put N/A if you are not working for anyone) City and province: Which of the following financial empowerment services does your organization provide? (Check any that apply): Save
Show inline popup

Commonwealth Apr 2024
How Best Buy Enabled a $1.5 Million Increase in Employee Emergency Savings
Access this resource

You need to login or register to bookmark/favorite this content.

Through well-timed and thoughtful updates to their employee savings program, the number of Best Buy employees participating in the savings program increased from 4,500 to more than 7,000 and employees’ savings grew $1.5M.

Interventions included enhancements to the program marketing content, additional incentives for participation, well-timed awareness campaigns, and changes to the employee onboarding and open enrollment systems to drive engagement with and involvement in the Savings Builder Program.

Commonwealth’s collaborative effort with Best Buy and Wings Credit Union on the Savings Builder Program offers key insights for improving enrollment in emergency savings solutions. This collaboration also demonstrates the opportunity for employers to explore partnerships with banks and credit unions for out-of-plan emergency savings offerings.

Author: Commonwealth
Topic: Financial well-being
Location: United States
Format: Article, Reports/Articles
Content Type: Research
Publication Date: April 8, 2024