Regardless of which savings method or methods you choose, start by discussing your savings needs with your banker. Your total dollar investment in the bank can open doors to a package of services that is right for you. The table below breaks down the variety of savings vehicles you might want to consider. Bookkeeping is automatic. No or low minimum balance required.
Money is readily available.
Banking may be limited to branch transactions during banking hours. Passbooks can be lost or stolen. Interest rates are low compared to other programs. Customers receive by mail monthly or quarterly statements detailing deposits, withdrawals and other account information. Low or no minimum balance required.