Banks Near Austin TX 78742

[Jamey Swinton]

Experts recommend that you save your emergency fund dollars in an interest-bearing bank savings account.

There is a reason for that: You want to have easy access to the dollars in case of an emergency. With a savings account, you will be able to tap your savings quickly. Moreover, if you have your dollars in an interest-bearing account, you will at least earn a bit of money. You will not get rich by having those dollars in a traditional savings account. However, you might make a bit of extra cash.

Many financial experts recommend that you start you rainy day fund before you take on other significant financial tasks such as paying off high-interest rate debt. That is because a fiscal emergency if you do not have the cushion of an emergency fund, could throw your financials into chaos. If that occurs, a crisis could send your high-interest-rate debt soaring to new heights.

If you want to get financially healthy, the message is clear: It is time for you to commit to a rainy day fund of your own.

If you think saving for retirement isn’t a priority, think again. Whether you’re working your first job or your twentieth, we want to help you plan for the road ahead. Don't know where to start? Come see us - that's what we're here for!

• Minimum Opening Balance of $500
• Interest-Bearing Account1
• Investment terms ranging from 3 months to 5 years
• May incur penalties for early withdrawal

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Banks Near Austin TX 78742