Describes the types of incentives the organization offers to clients to establish savings accounts.
Savings Account Incentives (PD6343)
- Reporting Format Text
- Metric Type Metric
- Metric Level Product/Service, Organization
- IRIS Metric Citation IRIS, 2021. Savings Account Incentives (PD6343). v5.2.
Footnote
Organizations should footnote details on the types of incentives provided.
Usage Guidance
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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.
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Organizations that require savings accounts are encouraged to describe the details of this requirement by instead reporting against Compulsory Deposits (PD9337).
Impact Categories & Themes
SDG Goals & Targets
No Poverty
- SDG Target 1.5
- SDG Target 1.4
Gender Equality
- SDG Target 5.5
Decent Work and Economic Growth
- SDG Target 8.1
- SDG Target 8.2
- SDG Target 8.3
- SDG Target 8.10
Industry, Innovation and Infrastructure
- SDG Target 9.3
Reduced Inequality
- SDG Target 10.1
- SDG Target 10.2
- SDG Target 10.3
Sustainable Cities and Communities
- SDG Target 11.5
Metric History
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June 2022 - IRIS v5.3 Released (current version)
Immaterial change. Minor revision to usage guidance for clarity.
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January 2020 - IRIS v5.1 Released
No change.
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May 2019 - IRIS v5.0 Released
No change.
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March 2016 - IRIS v4.0 Released
New metric. Savings Account Incentives (PD6343) was developed via the IRIS Taxonomy Group.