How to Save Money

Setting yourself up for financial success is as easy as opening a savings account. The trick is to commit to putting a portion of your income in your savings account every payday. Securing a high-yield savings account is an effective way to prepare for emergencies and major life events, such as buying your first home or a new car.

Great savings accounts offer liquidity to access money whenever you need it. Savings accounts also provide the security of the FDIC insuring your funds up to $250,000. Leading financial institutions typically offer additional perks and low fees at terms that meet your savings level.

GOBankingRates is your go-to place for learning how to build your savings account. Here you can find rate tables, how-to guides and savings tips to help you devise a plan that works for your financial goals. Learn the ins and outs of how to save money using a savings account.

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