Saving Automatically

Add Easy to Your Savings Journey

We can all use a little help with our savings habits. Automatic transfers to a savings account are one of the easiest ways to build your savings to pay for a vacation or holiday spending, or to simply save money for the future. As part of America Saves Week, here’s a quick look at automatic savings and how it can boost your financial life.

Automatic Deposits Turn into Real Savings

Automatic deposits into a savings account are a powerful way to overcome savings obstacles and build strong savings habits. When you automatically deposit money into a savings account, you’ll reduce the temptation to spend the money first. You’ll also build good saving habits and feel a sense of control through consistency. Lastly, you won’t have to rely on willpower or your memory to pay yourself first, ensuring a portion of your income goes toward your savings goals.

One of our favorite automatic savings options is Clearwater’s V.I.P. (Very Important Purchase) Savings Account. This account helps you control spending temptation and earn a higher rate of interest on balances up to $2,500 for a maximum of 12 months. It’s a great way to automatically save for annual expenses such as vacations or holiday spending. Stop by any branch, we’d love to help you determine which type of savings will help you start saving automatically.

Rates subject to change. Insured by NCUA.