Pillar Page: Savings
No matter what’s next for you – a new car, first home, bucket-list trip or even an unexpected bill – understanding your savings options will help you get there. Learn how to maximize your savings, build your emergency fund, save for retirement and more.
Before asking yourself how much you should be saving, start by defining what you are saving for.
Savings Calculator
Calculate your savings growth by factoring in monthly payments and compound interest.
Emergency fund
A savings account set aside for unexpected expenses or financial emergencies, typically covering 3-6 months of living expenses
Compound interest
Interest calculated on the initial principal and also on the accumulated interest of previous periods. It helps savings grow faster over time.
Annual Percentage Yield (APY)
The rate of return on a savings account or investment, taking into account the effects of compounding interest over a year
