Families who invest in a Boston Saves account to start saving for their children’s future by the end of January will receive a $25 incentive, the city announced Wednesday.

“Boston Saves is critical to investing in Boston’s young people and families with every opportunity possible,” said Mayor Michelle Wu. “This program empowers families to plan early and save even more for their children’s future.”

Boston Saves, a city-run savings account program for children who enter BPS school from grade K2 to 4 launched in 2019, is again offering its a January promotion for families. Under the promotion, families of eligible children may receive an extra $25 in their children’s savings account if they log in for the first time by Jan. 31.

The city also automatically adds $50 to a Boston Saves account automatically made for every child entering BPS up to 4th grade. Children may accrue money from ongoing incentives to go toward future college or career training, and parents are provided access to financial education resources.

In the program’s first five years, nearly 20,000 students have saved over $1.3 million in their Boston Saves accounts, the city release stated. Of the total, families have earned $145,344 through incentives alone.

Last year, 500 families earned $14,575 during the January incentive promotion.

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Research links students with savings — even in small amounts — to more positive outcomes in post-secondary enrollment and success, the release cited.

“By taking this simple step of logging into the Savings Center, families are not only securing financial rewards but also investing in the educational journey and success of their children,” said Superintendent Mary Skipper.

Families may login to their Boston Saves accounts via the BPS or boston.gov/bostonsaves websites.