Community Bank’s Prize Linked Savings
By Mariele McGlazer
By Mariele McGlazer
By Marilyn Kennedy Melia
By Kate Young
Prize-linked savings accounts can provide meaningful incentives for consumers to increase their savings, according to Brian Plum, president and CEO of Blue Ridge Bank in Luray, Va. An ABA member, Plum testified today before a Senate Aging Committee hearing on innovations to promote financial security.