The FDIC has announced it is accepting applications for the second phase of its Youth Savings Pilot Program, which fosters financial education through safe low cost savings accounts for school aged children. Pilot participants will benefit from the FDIC’s technical assistance and resources for best practices. Participants’ programs will also be featured in an FDIC report on the pilot in the fall of 2016. Any bank is eligible so long as it intends to launch a new youth savings account and financial education program or expand an existing program. Applications for Phase II of the pilot are due by June 18, 2015. Interested applicants should email youthsavingspilot@fdic.gov.