MADISON, Wis.--(BUSINESS WIRE)--Over half of employees are financially stressed and it’s taking a toll on their productivity and happiness in the workplace. To help employers and employees tackle this issue together, SafetyNet today launched Cookie Jar, an employer-sponsored financial wellness program that helps employees save money by rounding up everyday transactions into a savings account.
Employers can provide Cookie Jar as an added employee benefit – a simple way for their employees to build savings. The program rounds up debit card purchases and checking account transactions to the nearest dollar and stores the change in employees’ Cookie Jar savings accounts. Employers can also match the round up (up to 100 percent) and employees can withdraw funds at any time, for any reason, with no penalty or fee.
“Cookie Jar helps employees build greater financial stability by offering a simple way to save money with the help of their employer,” said Roshni Chowdhry, Head of Customer Experience for Cookie Jar. “The program is designed to help people save for special goals, prepare for financial emergencies, or simply continue to build their savings.”
The support that Cookie Jar provides employees comes at a crucial time. Fifty-three percent of U.S. employees say they’re financially stressed, according to the 2018 PwC Employee Financial Wellness Survey. That stress has a negative impact on their productivity, happiness, and attention to detail, and when employees are worried about money, they’re more likely to take time off to deal with financial matters.
Cookie Jar is one of many innovative financial products by SafetyNet, whose mission-driven solutions aim to improve the financial well-being of millions of hardworking people. Cookie Jar plans to be available to employers and employees across the country.
For more information on Cookie Jar, visit www.cookiejarsavings.com.
About Cookie Jar
Cookie Jar™ is an employer-sponsored financial wellness program that helps employees save money by rounding up everyday transactions. Cookie Jar rounds employees’ debit card purchases and other checking account transactions to the nearest dollar, with a potential employer match, and puts the change into a dedicated savings account. Cookie Jar’s mission is to improve the financial well-being of millions of employees, with the help of their employers.
The program is one of many innovative financial solutions, including the income insurance program SafetyNet, brought to you by SafetyNet, a company whose mission-driven solutions aim to improve the financial well-being of millions of hardworking people. To learn more about Cookie Jar, visit www.cookiejarsavings.com.