Savers
A better financial tomorrow starts today
Now there’s an easy, secure, and seamless way to build your emergency and retirement savings
Making a difference for Maryland workers
Build your future with a MarylandSaves WorkLife Savings Account
MarylandSaves is an innovative workplace savings program that puts you in control of your financial future. This is an opportunity to invest in yourself, to set your dreams in motion. With MarylandSaves, you’ll have your own WorkLife account, where you’re in control of how much you save. Get all the details here.
You’ll have money when you need it
For emergencies and when you retire
Build over time
Your paycheck contributions have the potential to grow
You’re in control
Decide how much you contribute each month
Your account stays with you
Keep your money through career changes without complicated rollovers
Participation is voluntary
Stay enrolled or opt out and rejoin whenever you want
Not sure you’re ready to have emergency and retirement savings?
You may not want to start saving now – even though you can always get your money back. That’s okay. If you’ve been enrolled automatically, you can either drop your contributions to just 1% of your paycheck or opt out entirely and rejoin later. When the time is right, we’ll be here for you and you can rejoin the program any time.
See how the program helps employees save
More than one quarter of Americans have no money saved for retirement.1 You can change that right now.
If you’re 25 now and save $150 a month, by the time you retire you could have over $300,0002
With MarylandSaves, your monthly investment could potentially grow into big savings over time. Use our retirement calculator to see what your financial future could look like.
Still have questions? We’ve got answers in our FAQs
References
1. “Your Evening Briefing: One in Four Americans Have No Retirement Savings,” Bloomberg, 17 April 2023. https://www.bloomberg.com/news/newsletters/2023-04-17/bloomberg-evening-briefing-one-in-four-americans-have-no-retirement-savings
2. Hypothetical example is based on a monthly contribution of $150 for 40 years, at a 6% projected annual rate of return, compounded daily. Note this is just an example based on a retirement age of 65, your actual savings may be more or less.