BANKING & SAVING

Choosing the right place to save to build security, avoid fees, and grow your financial future

ISABELLA’S BANKING STORY

I opened my first checking and savings account as a teen, and learning how to manage my deposits, track spending, and avoid fees gave me a real sense of independence. I want to share what I’ve learned so others can feel confident managing their own money.

ABOUT

Banking and saving are key parts of managing your money. Banks, credit unions, and other financial institutions offer safe places to keep your money, track your spending, and build your savings.

Banking gives you access to services like checking accounts for everyday spending and savings accounts to store money for future goals. It also helps you avoid the risks of carrying cash, gives you tools to manage your money digitally, and builds a relationship with a financial institution that can help you later with loans or credit.

Saving means setting aside money regularly for future needs, whether that’s an emergency fund, college, a car, or long-term goals like buying a home. Having savings builds financial security and gives you freedom and peace of mind.

There are different types of accounts that can help you:

- Checking Accounts: For everyday use like spending, paying bills, and receiving paychecks.

- Savings Accounts: For storing money and earning a small amount of interest.

- High-Yield Savings Accounts or CDs: For growing your money faster over time.

Banking and saving are the first steps toward financial independence and long-term success.

Glass jar labeled 'House Fund' filled with assorted coins on a white background.

Bank On helps individuals find safe, affordable checking accounts that meet national standards for low fees, no overdraft charges, and online access. Use their account locator tool to find certified banking options in your area.

FDIC logo with blue letters and a circular seal.

RESOURCES

America Saves is a national campaign that encourages saving through free resources, goal-setting tools, and motivational content. It includes savings challenges and a pledge to help you commit to financial wellness.

NerdWallet Best Savings Accounts provides updated rankings and comparisons of high-yield savings accounts, with side-by-side reviews of fees, APYs, and features to help you choose the best place to grow your savings.

NerdWallet logo with green geometric N and the word 'nerdwallet' underneath.
Chime logo on a green background
Logo for Bank On, featuring a blue circular design and the words 'Bank On' in bold white letters.

FDIC BankFind Suite, run by the Federal Deposit Insurance Corporation (FDIC), is a tool that helps you verify if a bank is FDIC-insured and trustworthy. You can research a bank’s history, financials, and find local branches.

America Saves logo featuring a blue star and red upwards arrow

Chime is a modern, no-fee mobile banking option that offers automatic savings tools, early direct deposit, and no overdraft fees. It is popular among young users for its ease of use and financial education tools.

ISABELLA’S TIPS

  • Always read the fine print, especially when it comes to fees.

  • Automating your savings can make reaching goals easier than you expect.

  • Never hesitate to ask questions at the bank. Understanding your options gives you real power.