Savings Plans
Having a personal savings plan is an important part of anyone's financial health. Principal Bank offers several savings options to help you build cash for life's little emergencies.
Savings Accounts
While a savings account might not offer the higher interest rates of some savings options, it's still important to maintain cash in an account that can be easily accessed for spending emergencies or for that purchase you just have to have.
Try Direct Deposit. Direct Deposit of your paycheck is convenient for your checking account, and a great way to save money as well. Just have your employer automatically deposit a portion of your check directly into your savings. If you never see it you'll never miss it. It's a great way to save.
Money Market Accounts
Money Market Accounts are another savings option that provide easy access to your cash when you need it, while also offering higher rates of interest. The higher your savings balance grows, the higher your interest rate grows with it.
Certificates of Deposit
CDs are another great savings tool. They offer a higher interest rate than a savings account, but are still flexible enough to provide cash for short-term goals. Principal Bank offers traditional CDs with terms from three to sixty months. And unlike many other bank CDs, Principal Bank offers monthly compounding of your interest. Plus, your interest can be automatically deposited into a Principal Bank checking account for immediate access.
Check Out Our Current Deposit Rates.
How much should you be saving to meet your life's goals?
Use our Savings Calculator to find out.
