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Oct122017

National Savings Day

NATIONAL SAVINGS DAY

Today, October 12th, marks National Savings Day. We all save things. Whether it is money, sentimental objects or time, we are all capable of saving and do so on a daily basis.

As a credit union working to Build Strong Financial Futures, we are here to remind you how important [and easy!] it is to save money and have an emergency fund set aside for unexpected expenses. 

I'm sure you, like anyone else, has been told over and over that saving money is important, but considering more than half of Americans have less than $1,000 in their Savings Account, it seems people are having a hard time finding the extra cash to set aside.

Photo Credit: www.cnbc.com

In today’s economy, it isn’t uncommon for an individual to live paycheck to paycheck, leaving nothing extra at the end of the month to save. Although individuals are aware of the importance of saving, sometimes in low-income level families, it just isn’t possible.

Here at Star Choice, we saw these surprising statistics and set out to create and implement a product that would help people who don’t feel they can't save money, save. That's when our Award Winning Build It! Certificate was created.

The Build it! Certificate allows you to open a 12-month Share Certificate (or CD) for just $25. (Let's face it, we can all find a spare $25 at some point to get a savings account started!) This certificate has a higher interest rate than our normal 12-month certificate and requires a much lower minimum deposit so your dreams can be built faster and your savings can grow higher.

After the initial $25 deposit, this CD only requires a minimum of $40 to be deposited per month, making it easy to establish a savings plan with obtainable goals. This equates to $10 every week or just $1.42 a day! Little by little, the Build it! Certificate adds up to big savings.

Celebrate National Savings Day by opening up your very own Build it! CD and let your dreams of Building a Strong Financial Future begin. Contact us today to get started!

 

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