Offer FreeKick as an employee benefit – for FREE
• Enhance employee retention & recruiting
• PAY Get PAID to provide in-demand employee benefits
Provide FreeKick as a benefit for your employees and their families
Deposit a portion of your company’s cash reserves in a 100% FDIC-insured account and receive
- A premium interest rate on your risk-free deposit, plus
- Free FreeKick accounts for your employees and their families
Program Overview
Austin Capital Bank, member FDIC, is the owner and operator of FreeKick
Program Summary
- Obtain a premium market rate on your risk-free deposit with Austin Capital Bank. Account is 100% FDIC-insured up to $100 million
- Select amount and interest rate for your deposit from fixed rate or floating rate options
- Receive employee benefits for FREE: including identity protection, credit monitoring, and credit building benefits for your employees and their families
Example
An employer with 100 employees deposits between $200,000 and $300,000 for 12-months
- Employer earns between 3.0% and 5.0% on their deposited cash reserves
- All 100 employees and their families receive free FreeKick services
Austin Capital Bank provides 100 unique FreeKick program activation codes for employees
- Identity protection services for up to 2 adults and 6 children
- Credit building for up to 6 children aged 13 to 25
- $26,700 annual value of free employee benefits
Earn a premium yield on your risk-free investment plus receive employee benefits for FREE
|
Amount of Deposit |
$200,000 |
$250,000 |
$300,000 |
|---|---|---|---|
| # of Employees |
100 |
100 |
100 |
| Amount of Deposit per Employee |
$2,000 |
$2,500 |
$3,000 |
| Interest Rate |
3.00% |
4.00% |
5.00% |
| Interest Earned |
$6,000 |
$10,000 |
$15,000 |
| Annual Value of Free Benefits |
$26,700 |
$26,700 |
$26,700 |
| Cost of Benefits – Equivalent Yield |
13.4% |
10.7% |
9.0% |
| Total Effective Yield On Your Deposit |
16.4% |
14.7% |
14% |
Example above is for illustration purposes only. Amount of deposit required, and yield paid on deposit investment may vary based on number of employees covered and current market yields at time of investment and enrollment.
FreeKick is safe, secure, and simple to implement
- Deposit is 100% FDIC-insured
- No systems integration is required between FreeKick and employer
- Simple to implement – Low HR burden: simple one-step code issuance process requires minimal HR support
- Bank grade information security of all personal information; digital, legal, and regulatory infosec
- Austin, Texas (US) based call center customer support
- Austin Capital Bank has over a million users and hundreds of thousands of accountholders on its proprietary banking platform that powers FreeKick
Please connect with us and we’ll quickly follow-up with how to partner with us and quickly and easily provide free benefits to your employees and receive a premium return on your reserve funds.
Improve Employee Financial Wellness and Stability
It’s no secret that employee financial wellness increases employee retention, satisfaction, and productivity.
Identity Protection and Credit Building are two HIGH-IMPACT financial wellness benefits employees are seeking from their employers.
With FreeKick you can provide both benefits for FREE to your employees.
Identity Protection
- Half of all employees want help from their employer getting identity protection services.1
- More than half of employees have reported theft of sensitive personal information.2
- Almost 70% of HR professionals say that identity theft benefits are growing in importance and are evaluating identity theft coverage as an employee perk to allow them to compete in hiring and retaining employees.3
Identity theft is rampant, and everyone needs identity protection – including adults and children. ID protection is expensive for employees to buy themselves, costing a family $350 to $700 per year, or costing an employer more than $150 per employee per year if purchased as part of an employee benefits package.
Providing FREE Identity Protection and Credit Monitoring saves your employees money and improves their financial and mental wellbeing.
Credit Building
Having a strong credit profile can dramatically improve your employees’ financial stability.
In one study of employer offered credit building benefits:4
- After 18 months, 71% of all employees in the program improved their credit scores
- The number of employees with a prime score increased by 30%
- Employees with at least $1,000 of available credit on one or more credit cards increased by 41%
Having access to non-predatory credit can dramatically improve employees’ financial wellness and employment stability.
Sixty percent of employees actively want their employer to offer emergency savings as a workplace benefit, with high interest among younger workers and workers of color.5
- FreeKick’s credit builder account helps employees build a rainy day emergency savings fund
