Maximizing Your Savings Potential: A Deep Dive into Bank Plus Savings Features
Saving money is an essential part of any financial plan, and choosing the right savings account can make a big difference in how quickly you reach your goals. Bank Plus offers a variety of savings accounts, each with its own unique features and benefits. This blog post will guide you through the different types of Bank Plus savings accounts and help you choose the one that's right for you.
Our Customized Guide to Bank Plus Iowa Savings Accounts
Grow your savings effortlessly with this free account that links to your Kasasa® checking and earns high dividends.
Regular Savings Accounts
Regular savings accounts are a great option for people who want a safe and convenient place to save their money. You will earn a competitive interest rate on the daily balance in your account, and you will receive a quarterly statement of activity.
Explore our savings accounts at Bank Plus.
Maximizing Your Savings Potential
Choose the right account: Consider your savings goals and needs when choosing a savings account. Are you looking for high-interest or is easy access to your money more important? These factors influence what type of account you should open.
Set up automatic transfers: Set up automatic transfers from your checking account to your savings account each month. This will help you save money without having to think about it.
Already have online banking? Here is how to set up automatic transfers:
- Log in to Online Banking through our website – not the mobile app
- Once logged in, click the Transfer Tab
- Select what accounts you want to set up the transfer for, and check the repeat button if you want to set up a automatic transfer
- Select the frequency of your transfer (Weekly, Monthly, Annually etc.), how many times to repeat the transfer, amount of transfer, and add a description that will show next to the transfer on your account
- Click the Preview Transfer button, review it and then click the Complete Transfer button
- Your transfer is now complete!
- You can go back to the transfer tab at any time to view, edit, or delete your automatic transfer.
Avoid fees: Some savings accounts may have monthly fees. Be sure to choose an account that has no fees or that you can qualify for fee waivers.
By following these tips, you can maximize your savings potential and reach your financial goals sooner.
Additional Savings Tips:
- Consider using a savings calculator to figure out how much you can save over time.
- Set realistic savings goals.
- Reward yourself for reaching your savings goals.
With a little effort, you can save a lot of money and reach your financial goals.