Michigan Encourages Financial Check-ins and Savings Goals During America Saves Week

MI DIFS Press Releases

Published April 6th, 2026

Detected April 7th, 2026

Summary

The Michigan Department of Insurance and Financial Services (DIFS) issued a press release for America Saves Week (April 6-10, 2026) encouraging Michiganders to conduct financial check-ins, review budgets, and set savings goals. DIFS also promoted Michigan Open Account Coalition (MOAC) Month, highlighting low-cost banking access through partnerships with approximately 40 financial institutions across 67 Michigan counties to serve historically underserved communities.

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What changed

This press release announces Michigan's participation in America Saves Week 2026 and MOAC Month, promoting financial literacy and banking access. DIFS Director Anita Fox encourages consumers to review accounts, budgets, and savings goals. The Michigan Open Account Coalition (MOAC), formed in 2022, connects consumers with certified low- or no-cost accounts at participating banks and credit unions. DIFS is sharing financial wellness content on social media throughout April.

Affected parties include Michigan consumers seeking to improve financial wellness and the approximately 40 banks and credit unions participating in MOAC across 67 counties. Financial institutions may see increased inquiries about low-cost account options. No regulatory obligations or compliance requirements are imposed; this is purely informational outreach to promote financial literacy and inclusion.

What to do next

Monitor for updates on MOAC program changes
Review financial wellness resources on DIFS website

Source document (simplified)

DIFS Encourages Financial Check-Ins and Setting Savings Goals During America Saves Week

April 06, 2026

Media Contact: DIFS-press@michigan.gov
Consumer Hotline: 877-999-6442, Michigan.gov/DIFScomplaints

FOR IMMEDIATE RELEASE: April 6, 2026

(LANSING, MICH) America Saves Week is April 6–10, and the Michigan Department of Insurance and Financial Services (DIFS) is participating by encouraging Michiganders to take this opportunity to conduct a financial check‑in. Throughout the month of April, DIFS is also celebrating ‘Michigan Open Account Coalition (MOAC) Month’ in conjunction with National Financial Literacy Month and America Saves Week.

“DIFS is committed to supporting Michiganders as they improve their financial wellness, and America Saves Week is a great time to perform a financial check-up by reviewing accounts, personal and family budgets, and looking for opportunities to save,” said DIFS Director Anita Fox. “Setting clear and achievable savings goals is one of the best ways to build positive saving habits, create financial security, and better prepare for major purchases or unexpected emergencies.”

America Saves Week is an annual campaign supported by thousands of organizations nationwide as a call to action for consumers to commit to saving successfully and improving their financial wellness. A financial check‑in can help individuals gain a clear view of their finances, set savings goals, and create a plan to achieve them.

Michiganders can improve their financial wellness by opening an account with a bank or credit union if they do not already have one. Through the Michigan Open Account Coalition (MOAC), a partnership between DIFS and about 40 participating banks and credit unions in 67 Michigan counties, consumers can access certified low- or no-cost accounts and critical financial services to help them build stronger financial futures without worrying about hidden fees or costs. For more information on opening an account and a list of participating institutions, visit Michigan.gov/DIFSOpenAccount.

MOAC was formed in 2022 by DIFS, the Michigan Bankers Association, Michigan Credit Union League, and community organizations. Its mission is to encourage relationships between financial institutions and historically underserved communities, to educate consumers about the importance of having a relationship with a financial institution, and to promote the availability of, and access to, consumer financial accounts with low and transparent fees. During America Saves Week, DIFS is sharing content on X, Facebook, and LinkedIn to highlight the importance of saving and to offer motivation for individuals and families to start or continue their savings goals. There is also a wealth of personal finance resources on the DIFS website or the State of Michigan Financial Literacy page.

Consumers who have questions or disputes that cannot be directly resolved with their financial institutions can contact DIFS Monday through Friday 8 a.m. to 5 p.m. at 877-999-6442 or file a complaint online at Michigan.gov/DIFSComplaints.

The mission of the Michigan Department of Insurance and Financial Services is to ensure access to safe and secure insurance and financial services fundamental for the opportunity, security, and success of Michigan residents, while fostering economic growth and sustainability in both industries. In addition, the Department provides consumer protection, outreach, and financial literacy and education services to Michigan residents. For more information, visit Michigan.gov/DIFS or follow the Department on Facebook, X, or LinkedIn.

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