It's never too late to start saving

Thu, 12 Mar 2015

America Saves Week is a reminder that it’s never too late to start saving and how important it is to take a fresh look at your financial plan to ensure that you are on track to meeting your financial goals. Although America Saves Week is over, it is still the perfect time to take action. And the following steps will put you on the right path toward successful saving.

Start with a Financial Plan

As the saying goes, if you fail to plan, you plan to fail! And the first step toward pursuing a financial goal is to have one. And be sure to write it down. Unlike keeping mental notes, writing down your goal makes it real. So you’ll be less likely to change it for short-term wants.

Smart financial planning cannot be done on napkins or on the back of envelopes. And it doesn’t hurt to receive some professional advice. At Webster, you can get a no-obligation review with a Financial Consultant at Webster Investments Services*. Just give us a call at 877.838.1570, we’re available 24 hours a day, 7 days a week. Or, visit www.websterbank.com/retirement to set up an appointment.

To find the Financial Consultant closest to you and learn more about them, click here, and enter your location. Then just select their name to view their biography.

Related Article: Make Your Money Work for You…Automatically

Choose an account that fits your goals

Whether you’re saving for college, a car, a home, or a rainy day, it’s important to have an account that can support your goals. At Webster, we’ll take the time to find out exactly what your financial needs and goals are so we can match you with the right account. 

  • Savings

    Whether you are saving for a short-term goal or long-term goal, we can help you find a way to save while making your balance, and even your interest rate, work harder for you. Click here to learn more about Webster Bank’s savings account options.
  • Checking

    Our checking accounts make it easy to manage your finances with any time, anywhere online and mobile banking, and over 300 ATMs. Also, every account comes with a bonus you won’t find at any other bank: The help of Webster bankers who will go the extra mile to live up to you. See which checking account best fits your lifestyle by learning more here.
  • CDs

    If you’re looking for a longer-term, higher-interest savings option, Webster’s choice of CDs can boost your earnings significantly. From traditional fixed-rate CDs to our “bump up” your rate option, you’ll find a CD option that will help you save while giving you the access to cash you need. Plus, all Webster CDs are FDIC insured to give you peace of mind.

Related Article: Retirement Plan Contributions Increased by IRS for 2015

Develop good saving behavior

One of the convenient things you can do is to sign up for direct deposit. It’s not just convenient; it ensures you have fast access to your money,  

Another convenient feature offered is our Holiday Savings Club. It’ll help you save painlessly throughout the year so you can avoid that end of the year pocket pinch.   

And be sure to share good financial behaviors and tips with your kids by encouraging them to save. Contact us for information on how we can help your child open their very own account

Keep learning

For more information, take a look at our earlier Bank Roll blog posts that discuss budgeting and How to Save, Save, Save Your Money in a Spend, Spend, Spend World.

And if you have any questions about saving or banking in general, add a comment below. 

*Securities and Financial Planning offered through LPL Financial, a Registered Investment Advisor. Member FINRA/SIPC third party link. Insurance products offered through LPL Financial or its licensed affiliates.  Webster Bank, N.A. and Webster Investments are not registered broker/dealers and are not affiliated with LPL Financial.  The Webster Symbol, Webster We Find a Way, and Webster Bank are registered in the U.S. Patent and Trademark Office.

Related Article: Save more, earn more, do more with Premier Banking

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