Announcing FinFit’s New Partnership with Sunny Day Fund 

Financial stability has become a top priority for employees across the United States. Unfortunately, many are caught in a cycle of debt, with little to no emergency savings to cushion them during tough times. This financial instability not only affects individual workers but also has a broader impact on workplace productivity and morale. As a result, the need for robust financial wellness programs has never been more critical. 

According to recent studies, over half of U.S. employees identified building an emergency savings fund as a financial priority. However, 74% of American workers still live paycheck to paycheck, leaving them vulnerable to unexpected expenses and financial stress. This is where emergency savings accounts become essential. These accounts provide employees with a safety net, helping them avoid high-cost payday loans, borrowing from retirement funds, or falling deeper into debt. 

Recognizing the urgent need for better financial security, FinFit is excited to announce its partnership with Sunny Day Fund to bring Emergency Savings accounts to our FinFit SafetyNet platform. This collaboration aims to empower employees to build short-term liquidity and establish longer-term savings in one seamless experience. 

Emergency savings accounts are more than just a financial buffer, they are a crucial element of a healthy financial life. Without savings, employees are forced to make difficult choices, such as taking on high-interest debt or cutting back on essential expenses. These decisions can lead to a downward spiral of financial hardship, affecting both their personal lives and their performance at work.  

With emergency savings, employees can face life’s unexpected challenges, whether it’s a car repair, medical emergency, or a sudden loss of income, without the added stress of financial insecurity. This financial peace of mind enables employees to stay focused and productive, knowing they have a safety net to fall back on. 

Sunny Day Fund has a proven track record of turning employees into consistent savers. In 2023 alone, more than 80% of workers with a Sunny Day Fund account increased their contributions, with the average account holder contributing over $1,500 throughout the year. Moreover, these accounts boast a market-leading 4.6% APY, ten times the national average, ensuring that employees’ savings grow over time. 

In partnership with Sunny Day Fund, FinFit is committed to providing employees with the tools they need to build a strong financial foundation. Our new Emergency Savings accounts are a crucial step in this direction, offering employees the security they need to face life’s challenges with confidence. Together, we are not only improving the financial wellbeing of employees but also contributing to a healthier, more productive workforce.