Saving for the Future

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Achieve financial security by saving and investing. Start by saving a portion of each paycheck. Use online and mobile banking to automate and track your savings. Plan, set goals, and reach them.

Type of Savings

Short-Term: Save for a car or home down payment

Long-Term: Save for retirement

Emergency Fund: Essential for unexpected expenses like medical emergencies or car repairs

The Power of Investing Early

Learn the foundational concepts that drive investment growth. Understanding time, compound interest, and the rule of 72 can help you make informed decisions and build wealth over the long term.

The longer you invest, the more your money grows. Short-term investments should be conservative to protect your principal, while long-term investments can take more risks.

The longer you invest, the more time your money has to grow and recover from short-term market downturns. Long-term investors can take on more risk because they have time to ride out market fluctuations.

Compound interest allows you to earn interest on both your original savings and the interest you've earned, helping your money grow faster over time. Use a compound interest calculator to see how time, contributions, and rate of return can impact your savings.

See Your Money Grow

Estimate how long it takes to double your money. Divide 72 by your annual rate of return. For example, at a 10% return, your investment doubles in 7.2 years.