Short-term saving
Do you prioritize travel and new experiences?
Short-term saving works for events you already anticipate, such as your next adventure.
Long-term saving
Do you like to be prepared for the unknown?
A long-term savings plan is a great way to plan ahead – it’s ideal for retirement, emergency funds, or when there’s an unknown withdrawal timeline.
Money market account
Do you prefer to do things the “old school” way?
If you consider yourself more traditional and prefer writing with pen and paper, a money market account will allow you to write checks.
Traditional savings account
Do you prefer to stay up-to-date with the latest technology?
If you’re tech-savvy, consider a savings account which allows you to transfer funds electronically.
Auto-save
Do you have a busy, social lifestyle?
If you don’t have a lot of time and want to route money into your savings account(s) at fixed intervals, set up auto-save.
Manual transfers
Is organization an important part of your lifestyle?
If you prefer seeing money go from one account to another when needed, make manual transfers.
Microsaving
Are you young, or just starting to save?
Even saving a few dollars at a time will gradually add up. Doing this consistently will enable compound interest to build over time.
Segmenting savings
Are you looking after a family, or balancing multiple goals?
For multiple savings goals, it may be useful to mentally or visually separate them into categories. Those buckets can help you track each balance so your general saving progress is clear.
U.S. Bank and its representatives do not provide tax or legal advice. Your tax and financial situation is unique. You should consult your tax and/or legal advisor for advice and information concerning your particular situation.