FDIC: Consumers Encouraged to Develop A Plan to Save for Their Goals

The Federal Deposit Insurance Corporation (FDIC) encourages consumers to use America Saves Week as a time to begin or continue saving towards financial goals.

“Saving money on a regular basis in a federally insured financial institution is a proven way to safely and steadily reach your financial goals,” said FDIC Chairman Martin J. Gruenberg. “Whether you are opening your first savings account or have had one for a while, during America Saves Week I encourage you to establish a regular contribution to an insured account. You might be surprised how the habit of regular savings—even in small amounts—can help you make progress to a stronger financial future.”

America Saves Week, which runs between February 23 and February 28, 2015, is an annual opportunity for organizations to encourage consumers to make a savings commitment, and then provide access to ideas, tools, and other helpful resources to help consumers develop a plan to achieve their goal. In particular, the Weekencourages consumers to think about ways to automate saving, such as through regular transfers into a savings fund. The FDIC has developed educational resources to help consumers evaluate savings options to achieve their savings goals.

To learn more about America Saves Week and savings-related resources from the FDIC visit https://www.fdic.gov/deposit/deposits/savings.html.