UNSPSC 64101502: Simple savings account

A deposit account held at a bank or other financial institution that provides principal security and a modest interest rate.

UNSPSC 64101502 Simple Savings Account (Commodity) describes state and local financial products and services tied to deposit accounts, though recent state and local solicitations under this code show minimal alignment with the nominal taxonomy. The opportunities posted do not reflect savings account products or services; rather, they span financial advisory services, auditing, debt collection, benefits consulting, grant consulting, and specialized financial examination and technology services. This code shows little relevant recent activity—the posted opportunities represent a cross-section of financial consulting and administrative services that do not map to deposit account management as the code nominally suggests.

State and local issuing bodies soliciting under codes tagged adjacent to or including this commodity span state departments (Michigan DIFS financial examinations, Washington Saves program administration, Maine environmental compliance reviews), county governments (Sacramento, DeKalb, Gwinnett, Monroe, Sarasota, Douglas), cities (Phoenix, Milpitas, St. Cloud, San Antonio, Gainesville, Bridgeport, New Smyrna Beach, Detroit), school districts (Pinellas, DeKalb), transit authorities (Orange County Transportation Authority, Detroit Department of Transportation), and special-purpose districts (Washington State Housing Finance Commission, Madison Metropolitan Sewerage District). Geographic spread spans California, Michigan, Florida, Georgia, Arizona, Texas, Washington, New Mexico, Illinois, South Carolina, and Connecticut, with no single jurisdiction dominating recent activity. Representative recent opportunities include the Michigan Department of Technology, Management, and Budget's RFP for Financial Examination Services Pre-Qualification (RFP 260000002746, proposals due November 4, 2026, establishing a pre-qualified contractor pool for insurance company financial examinations); the City of Phoenix's RFQ for Financial Advisory Services (RFQU260189, sealed offers due earlier in 2026, establishing a qualified vendor list across five financial advisory service categories); and the Orange County Transportation Authority's RFP for Sales Tax Audit and Recovery Services (RFP 250352, contract term through September 30, 2031, with compensation entirely performance-based on recovered tax revenue). The code's low relevance to actual procurement signals that financial services activity under this nominally deposit-focused commodity is heavily misclassified or that state and local buyers use broader financial services codes for these transactions.