1Password, the popular service that allows users to securely store their various passwords, has today announced a new plan for families that makes it considerably more affordable. In a blog post, AgileBits, the company behind the service, detailed 1Password for Families, explaining that the service costs $5 per month for a family of five, while additional people can be added for $1 per month.

1Password for Families allows each family member to have their own private individual 1Password account, but also includes a shared stream of passwords that all members of the family can access. For instance, families that share a Netflix account can store the login information in the shared 1Password for Families account. Wi-Fi logins are another example of a piece of data that would really be useful for families.

The owner of the 1Password for Families account has access to an Admin Console that allows people to be invited to the family, as well as offering tools to manage which family members get to see what information.

As part of 1Password for Families, users get access all of the 1Password apps. The app is available for Mac, Windows, iOS, and Android.

To celebrate the launch of 1Password for Families, AgileBits is offering a handful of early-adopter added perks. If you sign up by March 21st, you’ll get $10 credited to your account (so two free months), 2GB of secure storage for your documents, and the ability to have 7 family members on a 5 person account.

1Password is available for free in the App Store and the first month of use is free. 1Password for Families is an interesting move on the part of AgileBits to get 1Password into the hands of more people. Right now, 1Password is hugely popular among the tech community, but adoption among the general public could pick up considerably with 1Password for Families.