Describes the types of incentives the organization offers to clients to establish savings accounts.
Organizations should footnote details on the types of incentives provided.
This metric is intended to capture any incentives the organization offers for savings accounts. Examples of savings account incentives implemented, to footnote, may include monetary one-time bonuses for clients who open a savings account or maintaining a certain balance, electronic resources and tools to support ongoing saving efforts, and increased interest rates paid on savings, among other methods.
Organizations that require savings accounts are encouraged to describe the details of this requirement by instead reporting against Compulsory Deposits (PD9337).
June 2022 - IRIS v5.3 Released (current version)
Immaterial change. Minor revision to usage guidance for clarity.
January 2020 - IRIS v5.1 Released
No change.
May 2019 - IRIS v5.0 Released
No change.
March 2016 - IRIS v4.0 Released
New metric. Savings Account Incentives (PD6343) was developed via the IRIS Taxonomy Group.
IRIS Metrics Work Better in Sets
To use IRIS metrics—and the resulting data—to understand impact performance, IRIS metrics should be used and analyzed in generally accepted sets and according to well-defined objectives. IRIS+ gives you access to generally accepted Core Metrics Sets aligned to common Impact Themes and Sustainable Development Goals (SDGs).