Growing your family can add extra expenses to your budget like childcare, health insurance and college tuition. It's a good idea to adjust your savings plan now to help manage the additional costs. Start by identifying your family's goals, so you can determine the amount you need to save.
The first step to saving for short- and long-term goals is to identify the amount you need to save and when you need the funds. Use our calculator to determine how much to save each month toward your goal.
Now it's time to make your money work hard for you. Take a look at some of our suggested product offerings to see which ones fit your goals.
Our Online Savings account doesn't have monthly maintenance fees, so you can reach your goal – no matter how much you're saving. You also get the advantage of daily compounding interest, so your balance can grow faster. Plus, we offer great rates that are consistently among the most competitive.
Keep in mind that our rates are variable and may change after the account is opened. Fees may also reduce earnings.
Our High Yield CD is a great way to maximize your savings strategy. We offer flexible terms to help your money grow faster. Our CD ladder tool can also teach you how to combine long-term earnings with more frequent access to a portion of your money. Plus, we offer great rates that are consistently among the most competitive.
Keep in mind that you'll pay a penalty if you make an early withdrawal.
Many college savings plans restrict your ability to use funds for expenses like tuition or books, but custodial accounts don't have these restrictions.
Try naming your accounts to match your savings goal. This can help you remember what you're saving for while keeping your eye on the prize.
