#United States #Seattle #Financial Security #Emergency Savings #SecureSave

SecureSave Reaches Milestone of $100 Million in Emergency Savings

On September 18, 2025, SecureSave, a prominent provider of Emergency Savings Accounts (ESAs), revealed that its users have collectively saved over $100 million for unplanned expenses. This achievement not only marks a significant financial milestone but highlights a crucial step in providing users greater security in today's unpredictable economic landscape.

The Impact of Financial Emergencies

As inflation continues to challenge many households, SecureSave has enabled its users to tackle more than 400,000 financial emergencies. From sudden car repairs to unexpected healthcare costs, it’s clear that the need for accessible emergency savings is prevalent among American workers. Research reveals that nearly 30% of American employees lack any emergency savings, struggling to cover unanticipated expenses.

For instance, almost 40% of working Americans would have to dip into their savings to manage a $500 unexpected cost, while one in seven would find themselves unable to meet such a challenge at all. These statistics underscore the dire need for financial tools that cater to emergency savings, a gap that SecureSave aims to fill.

A Growing User Base

The company's growth trajectory reflects the increasing need for Emergency Savings. In just two years, SecureSave has seen its user base grow nine-fold, now serving over 90,000 employees across approximately 120 employers. Their platform is designed not only to be user-friendly but also offers a compelling participation rate of 60%, far surpassing other elective benefits in the market.

Top Reasons for Using ESAs

So, what drives users to contribute to their ESAs? The top reasons reported by users include:

• - Inflation: 16%
• - Car/Transportation: 7%
• - Home Repairs: 6%
• - Healthcare: 5%
• - Travel: 4%

Such data illustrates that SecureSave's platform effectively addresses a variety of financial needs, fostering a culture of savings intended for both expected and unexpected costs.

Retention and Incentives

Notably, SecureSave boasts an impressive 95.5% annual customer retention rate. Users tend to keep their accounts open due to the value they derive from the service. To further incentivize savings, over 90% of plan sponsors match employees' contributions, offering anywhere from $24 to $5,200 in the first year alone.

“Reaching this savings milestone reflects our commitment to supporting financial well-being,” said Devin Miller, CEO of SecureSave. This sentiment is echoed by various partners who see the tangible impact of SecureSave on their clients’ financial stability.

Industry Recognition

Brian Ford, Head of Financial Wellness at Truist Momentum, commended SecureSave, noting how the benefit is a rarity that not only delivers immediate support but also establishes long-term value for users. It positions SecureSave as a leader in promoting financial wellness in workplaces, easing the burden of financial strain on employees.

Conclusion

SecureSave continues to provide an essential service for employees seeking to bolster their financial confidence amidst uncertainty. By reaching over $100 million in contributions, SecureSave is not just facilitating savings; it's empowering individuals to take control of their financial future. As economic challenges persist, the importance of having a safety net cannot be overstated, and SecureSave stands out as a beacon of support.

About SecureSave

SecureSave offers simple, affordable Emergency Savings programs for employers and employees. It aims to help Americans prepare for unforeseen expenses without risking their financial future. For more information, visit their website or contact their media team.