Wednesday Workshop: Savings Account Showdown

Date and Time


10/02/2024

Length

1 hour

Description

Are you maximizing your savings potential? Not all savings accounts are created equal, and knowing which one is best for you can make a big difference in your financial success. 

What to Expect 

Introduction (10 minutes) 

  • Overview of the importance of where you save money and how different accounts work.
  • Ice Breaker: Short story of when saving paid off. 

Main Topic (45 minutes)

  • High-Yield Savings Accounts: Pros, cons, and who benefits from them. 
  • Money Market Accounts: Features, benefits, and fees. 
  • Certificates of Deposit (CDs): How CDs work and their best use cases. 
  • Regular Savings Accounts: When to use traditional savings accounts vs. other options. 
  • Comparing Accounts: What to consider (fees, interest rates, accessibility, etc.).  

Wrap Up (5 minutes) 

Whether you’re new to saving or looking to optimize your current strategy, this workshop will give you the tools you need to make informed decisions. With interest rates and fees varying widely between accounts, it’s important to understand how to make your money work harder for you.

Join the discussion

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