Savings Accounts

Introduction

Saving money makes sense. Saving can help you reach your goals and can make it easier to deal with unexpected events. It is never too early to start saving money — whether it's for a long-term goal such as your retirement, for a short-term goal such as a trip, or for a possible emergency. Every little bit that you can set aside — even if it's just $5 or $10 a week — will grow, with interest, over time.

There are many different ways to save money. One of the easiest ways is to open a savings account and to make regular deposits.

This publication provides information about savings accounts and explains how these accounts work. You can use the interactive tool to compare different savings accounts to find the account that's best for your needs.