America Saves Week is an annual opportunity for organizations to help promote positive savings behavior and for families and individuals to save and build wealth. Learn more about why saving is so important and how to get started on building a nest egg at www.americasavesweek.org.
Do you want to start saving for the future or trying to pay off some pesky debt? You may want to consider these factors in choosing where you place your savings:
- Access. How quickly can you access your money? Community banks are not only locally owned, but they also have state-of-the-art technology so that customers can access their money when and where they need it.
- Safety. How safe is your money? At community banks, the FDIC insures deposits up to $250,000 per depositor. No one has ever lost a penny of FDIC-insured funds.
- Earnings. How much money will you earn? Community banks offer personalized customer service tailored to your individual needs and savings products that are often times better and more cost-effective than larger institutions.
– Terry Jorde, senior executive vice president/chief of staff at ICBA