How a Savings Account Works

When you get money, where do you keep it? Do you save it in your pockets, or stash it in a box under the bed? Have you thought about putting it in a savings account? A savings account is a safe way to take care of your money, and you even get paid for doing it.

A safe place to keep money
By putting your money in a savings account, you are less likely to spend it, and you can save for bigger and more important things in the future.

Money that you keep at home might get misplaced, or your little brother or sister might find it and, well, who knows what might happen then! You can protect your money at the credit union.

Keep your money safe
The credit union keeps your money locked in a fireproof vault, so you’ll never lose it. Your brother or sister would have a pretty tough time finding your money then!
Save and earn more money
Here’s the best part about putting money in a savings account: it earns INTEREST. What’s interest? Interest is money that the credit union pays you. That’s right, YOU GET PAID. Interest is like a reward to encourage you to save your money with the credit union.

Once you open a Savings Account, you can continue to put money in your account by making a Deposit. When you make more deposits, you’ll save more money, and that means more interest. Then you can just sit back and see your money grow!


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