Savings Tips

Need a reason to save? As everyday expenses get, well, more expensive, so do large, long-term costs like these. And there’s no better place or time to prepare for them than here and now.

Contributing to a savings account on a regular basis can make monetary goals easier and act as a safety net in case of emergencies. Prioritizing saving is important for your financial health.

Use the strategy below to build a saving plan customized for your short-and long-term goals. Need help? We’re here for you.

1. Set savings goals. One of the best ways to save money is to set goals for future events, large purchases, or emergencies. Determine how much money you’ll need and the amount of time you need to save.
2. Use direct deposit. Pay yourself first with direct deposit. Split your paycheck so a portion of it goes directly into your savings account. Just choose the day and amount, and we’ll take care of the rest.
3. Create a budget. Analyze your monthly income, subtract essential expenses, and cut back on non-essentials by organizing your spending in a budget. Move surplus money to your savings account each month.
4. Enroll in e-statements. Go paperless and manage your finances with electronic statements. Access e-statements online or via our mobile banking app 24/7, and watch your savings grow.
5. Use credit card perks. Some credit card reward programs provide a cash back option. Deposit that cash reward directly into your savings account if your credit card offers this benefit.

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