Apr 30, 2019 / Money Tips
Life is all about finding the right fit. It’s true for friends, careers, communities, and even your financial goals. When you find the right fit for saving money, your financial goals can become realities. And at Utah First, it’s our job to help you find the best savings account for your unique needs. If you’re looking to find the right financial fit to help you save smarter, we’ve got you covered. Here are 3 ways to save at Utah First.
A Utah First personal savings account is simple, straightforward, and safe. You can start earning interest on your money with just $50. With access to your funds whenever you need them and government-backed security, your money is always safe, secure, and at the ready. And because it’s never too early to start saving, you can open an account for your child too.
A money market account allows you to earn more interest on your money than a traditional savings account. There are no minimum balance fees and you can start a money market account with just $50. You still have access to your money, but withdrawals are limited to just two per month to allow your money to grow faster. This account is a good fit for those looking to increase their savings at a more rapid rate and those looking to save for large, infrequent expenses. Your money is also backed by the U.S. government, making a money market account a no-risk savings plan.
If you’re looking to benefit from the best interest rate while still keeping your investment secure, a term deposit is right for you. With a term deposit, your funds are off limits for a minimum of 6 months, but you’ll quickly benefit from fixed, predictable returns. Term deposits also require a minimum investment of $2,000. Your money is government-insured to at least $250,000, so you can relax knowing that your investment is safe. Curious about IRAs or college accounts too? Check out all that a term deposit account offers.
The best savings account is the one that makes your life easier and allows you to achieve your financial goals. Stop by one of our branch locations or visit us online and we’ll help you find your perfect fit for saving money.