Why Emergency Savings as a Benefit?
Higher Retention
Savers within a 700-person employer had 33% less turnover relative to overall turnover from Jan – Sep 2023 (p<0.05). Based on Sunny Day Fund Customer Analysis.
Fewer Loans & Withdrawals
CFPB found 59% of people withdrew early from their retirement savings when they had no emergency savings, compared to 9% who had saved for at least one month.
More Resilient & Healthy
People scored 10 points higher in their CFPB Financial Well-being Scores and reported lower stress when they saved for at least $1,000 versus having no savings.
Our Emergency Savings Account Featured In
For Employers
Improve financial well-being, lower stress, and achieve financial inclusion & health equity with emergency savings.
For Employees
Save for rain or shine, withdraw when needed, earn employer-sponsored cash rewards, and achieve your financial goals.
Workplace Emergency Savings + Benefits Blog
- Sunny Day Fund Welcomes Former Workday Executive Boada to Lead TechnologyErnesto Boada, former Senior Vice President and Interim Chief Information Officer at Workday and former Chief Technology […]
- Why Labor’s Evolution is Good for Us AllIn the midst of all things AI, I find myself reflecting on another transformation that seems to […]
- What simplified emergency savings look like: badcredit.org articleI sat down with Jon and Andrew at badcredit.org recently to talk about why working Americans want […]
- Five ideas to encourage better savings, thanks to behavioral economicsIn this three-part blog series, we delve into the role of behavioral science in influencing savings behavior. […]
- Barriers to Better Saving Outcomes for Working AmericansWe recently brought together industry experts and researchers to discuss what may be preventing working Americans from […]
- How behavioral science enables better savings habitsThough many American workers want to save, they’re finding it hard to follow through and it’s impacting […]
