Rainy Day Fund

Denison’s Rainy Day* Fund program gives you the opportunity to earn up to $100 through our incentive program when you start your savings account! Through a partnership with First Federal Savings, we challenge you to save $500.

*To save for a rainy day means to put something aside for a future need.

Most financial emergencies that students encounter can be addressed with as little as $500. But most students (and many adults) just don’t have $500 set aside to cover an emergency.

One great way to save for emergencies is to open a savings account. You can use your emergency savings to remain stress-free when an unexpected expense throws you off course.

How to get started.

Step 1: Establish an account

Visit the Granville office of First Federal Savings across from Three Tigers, and open a new Rainy Day Savings Account in your name. There are no monthly fees. If you already bank here, that’s great, but you will need to open a Rainy Day savings account, too.

Step 2: Save, Save, Save!

  • You can open your account with no money
  • Your balance must be at least $5 30 days after you open the account
  • After that, you decide how much you’re going to contribute to your account regularly.
  • You can make deposits into your First Federal account in person or with your mobile device. If you work at Denison, you can also set up a direct deposit from your Denison paycheck. The Financial Wellness Office can help you set up a savings plan so you reach your savings goal.

Step 3: Collect up to $100 in cash incentives

To encourage you to reach your savings goal, we will give you up to $100 in cash incentives. The money will be deposited directly into your savings account.

To claim your incentive please submit incentive claims through the WhatTODU checklist through your account. You do not need to claim the incentives in any particular order.

BONUS: $250 drawings every semester give you an extra chance to meet your goal.

Each semester we announce a special task that you can complete to enter a drawing for $250 that will be deposited into your First Federal Rainy Day Savings account. We’re not going to share the drawing tasks with you here — they’re a surprise! Once you are enrolled in the Rainy Day Savings Program our regular weekly emails will keep you up-to-date on these opportunities.


To be eligible to participate in the Rainy Day Savings Program, you must:

  • Be 18 years old or older
  • Have a valid driver’s license, state ID, or passport
  • Be a current student at Denison
  • Be a new participant in the Rainy Day Savings Program
  • Be really excited about saving money!

Program Requirements

  • Make a deposit of at least $5 into your new First Federal account within one month of opening your account.
  • Continue to meet the eligibility requirements listed above.
  • Claim all your incentives by July 1, 2023, through WhattoDU.

Financial Emergencies

You may withdraw and use your funds at any time during the program. The money in the account, including money you’ve deposited and cash incentives you’ve earned, can be used when you have a financial emergency.

But before you withdraw your funds, please check with us first. We may be able to help find other ways to meet your financial emergency while preserving the money you have worked so hard to save!


Connect with the Financial Wellness Office at financialwellness@denison.edu or visit the Hoaglin Wellness Center, Room 110.

Thank you!

Thank you to First Federal for holding the savings accounts and funding incentives.

Frequently Asked Questions


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