America Saves Week is The Perfect Time to Discover the Benefits of Saving

Mar 01, 2018

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It's Never Too Late to Start Saving 

All week long, The Federal Deposit Insurance Corporation (FDIC) has been encouraging people to use America Saves Week as an opportunity 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 easily. 

When considering which savings account is the best fit for you, it’s important 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 having a clear picture of 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 are using 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 has to offer. 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 a great 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 NASB’s free mobile app. That means you’ll have more flexibility in monitoring and managing your finances, ultimately leaving you with more time for the important moments in life.     

Eliminate Forgetfulness with Convenient, Automatic Savings 

If you want a different approach to saving money, then consider growing your savings by depositing the difference on everyday purchases. You can save money on every debit card purchase by rounding the transaction up to the nearest dollar with our Deposit the Difference account. (NASB transfers the difference from your checking to your savings automatically. That means you can conveniently save money while taking advantage of your usual spending habits.)     

Commit to your Retirement Without Sacrificing Accessibility to Funds

By steadily growing your fund, you contribute to a potentially -rewarding future lifestyle. Devote a portion of your income every month 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.       

Have questions about opening a savings account with NASB? Visit our savings page to learn more about each individual 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 begin the journey to achieving your financial goals starting today!