Step 1:
Interested banks apply to Ohio Treasury to become a state depository and be eligible to participate in SaveNOW.

Step 3:
The Ohio Treasury places desposits in approved banks.

Step 4:
An Ohioan opens a SaveNOW savings account at a participating bank.

Step 5:
The saver completes a financial literacy assessment and recieves ongoing educational materials.

Step 6:
Savers enjoy an additional 3 percent interest rate incentive at the conclusion of the SaveNOW program period.

Step 7:
Annualy, the Ohio Treasury seeks feedback, evaluates the program, and reports to the General Assembly.