Step Launches New Savings Features for Teens

Step introduces Step Savings Goals and instant cash deposit feature at retail locations to enhance financial options for teens.

Teen survey indicates saving money is a priority with 87% saying it’s important, yet 57% currently have no savings.

The Savings Goals feature allows teens to set and track savings milestones, with parent participation encouraged.

During the beta phase, over 100,000 users set goals, with a significant portion regularly contributing to their savings.

Promotional offers and future enhancements like automatic savings roundups are planned to further incentivize saving habits.