Emergency Savings
Expand your offering and meet the diverse needs of your clients for both long-term and short-term financial goals by adding Vestwell’s emergency savings account (ESA) to your benefits portfolio.
A flexible financial wellness benefit built to meet employees where it matters.
Vestwell’s ESA equips employees to save for the unexpected with competitive interest rates,¹ optional employer contributions, and penalty-free access to ESA funds. It’s a powerful addition to your holistic benefits package—and available alongside a Vestwell retirement plan and other workplace savings solutions on one seamless platform.
Deliver holistic benefits for short- and long-term savings
Vestwell’s platform is built to integrate an ESA alongside retirement, education, and other benefits—in one place, on one unified portal, presenting you with a seamless cross-sell opportunity.
Scale your value to more clients
Drive deeper client relationships and expand your financial wellness toolkit to reach new business with a comprehensive benefits strategy. From setup to ongoing service, Vestwell handles all the administration and operations—you just need to start the client conversation.
Reduce retirement plan leakage
Vestwell’s ESA reduces the need for retirement loans and withdrawals and keeps more assets within the plan—meaning more funds towards investments that earn advisory fees. Boost retirement plan health and encourage smart savings habits, reflecting positively on your advisory impact.
Differentiate your practice with a financial-wellness focus.
With 38% of Americans unable to cover a $1,000 emergency², clients and their employees seek benefits that build financial security for today and tomorrow. Vestwell’s ESA can help you meet rising demand for holistic benefits and expand your book of business to clients at all stages of their financial journey.
Employees increasingly seek emergency savings support.
- 29%of workers have no emergency savings²
- 50%of workers would be more likely to stay at a job if an emergency savings account was available.²
- ~70%of employees would be interested in an employer-sponsored emergency savings account if offered.²
Elevate your offering with emergency savings.
Vestwell makes it easy to embed ESAs into your offering—helping clients meet today’s needs while supporting long-term outcomes.
FAQ
Yes! Vestwell’s ESA is available to clients who offer retirement plans on our platform and integrates seamlessly with existing Vestwell benefits, or as a standalone savings solution.
Employees can contribute automatically via payroll deduction or by linking a personal bank account.
Absolutely. Employer contributions and participation incentives are optional and customizable, including sign-up bonuses, matching contributions, and savings milestone rewards.
No. Vestwell handles implementation, employee education, and ongoing support, so you can focus on building lasting relationships and scaling your book of business.
Yes, Vestwell’s ESA can be offered as a standalone benefit or alongside a Vestwell-managed retirement plan or other savings account. However, bundling typically offers the best value for both you and your clients.
Explore more solutions for your clients.
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The interest rate on Vestwell's ESA fluctuates. The exact rate will always be available in the ESA account portal, but it is generally higher than interest rates at traditional financial institutions