Celebrated the first full week of April each year, America Saves Week has encouraged people to develop and analyze their progress toward financial goals. Here at NASB, we offer a variety of accounts and services to help you achieve those goals more quickly.
When considering which savings account is best for you, it’s essential to identify the features and benefits available. Are you focused on building a healthy emergency fund, saving for a fulfilling retirement, or securing advantageous interest rates? By clearly defining your financial ambitions, you can make an informed decision and give yourself the best chance for savings success.
Earn Money Faster with Competitive Interest Rates
By consistently saving money in an account with favorable interest rates, you use your time effectively to grow your wealth faster. Depending on your capacity to contribute, you may want to consider the many interest options each savings account offers. By targeting favorable rates, it's possible that setting aside even a few dollars a day can lead to impressive gains in the future.
Consider your coffee budget, for example:
- How much money do you spend on coffee each month?
- Now, input this number into our savings calculator and see the total in 30 years with interest payments.
Does this number shock you? Perhaps seeing this will encourage you to bring your coffee from home more often. If so, then we're off to an excellent start for making some serious progress toward your savings goals.
Save Time by Exploring Mobile Banking
If you have a busy schedule, you’ll enjoy the convenience of checking your balances, depositing checks, and transferring funds directly from your smartphone or tablet with a mobile banking app. That means you’ll have more flexibility in monitoring and managing your finances, ultimately leaving you more time for the critical moments in life.
Commit to Your Retirement Without Sacrificing Accessibility to Funds
Steadily growing your fund contributes to a potentially rewarding future lifestyle. Devote a portion of your monthly income to building your retirement fund with an IRA savings account. A variable-rate IRA savings account offers a convenient way to build towards your retirement while maintaining easy access to your money. That means you can make as many in-person withdrawals as you desire while contributing any time you wish - up to the maximum allowed amount set by the IRS.
Maximize Your Savings: The Key Advantages of Certificate of Deposit Accounts
Certificate of Deposit (CD) accounts offer several advantages, including guaranteed returns and a fixed interest rate, making them a safe investment option. They are low-risk since they are typically insured by the FDIC up to a specific limit. CDs also encourage saving by requiring funds to be locked in for a set period, helping investors avoid the temptation to spend. Additionally, they often offer higher interest rates than regular savings accounts, providing better growth for your savings.
Have questions about opening a savings account with NASB? Visit our savings account page to learn more about each account, or stop by one of our many conveniently located branches in the greater Kansas City area. You can also easily open a savings account online and achieve your financial goals today!
