It’s never too early to start building a strong foundation, and in today’s economy, it’s more important than ever to budget and save. You work hard- you deserve to live comfortably today, tomorrow and always.
Get Started Saving
It’s important to have a plan in place when you start to save. Take a look at your current savings and see if you can cover unexpected costs like medical bills or car repairs. When you understand where you spend your money you can identify saving opportunities.
Save for Emergencies
The first step to building an emergency fund is to evaluate your monthly expenses, so you’ll know how much remaining income you have to set aside. Use our calculator to help identify how much you can afford to save each month.
Experts recommend saving 6 months of expenses for an emergency fund
Write down the following:
What’s your monthly household income?
What are your monthly expenses?
How much do you want to save for emergencies?
How much do you currently have saved for emergencies?
This will help you determine how much you need to put away in savings per month.
You met your goal. Consider increasing the amount you want to save for emergencies.
Choose a type of account to save your money
Our Share Savings Account doesn’t have monthly maintenance fees, so you can grow your emergency fund – no matter how much you’re saving. You also get the advantage of daily compounding interest, so your balance can grow faster. Plus, we offer great rates that are consistently among the most competitive.
Our Money Market Accounts earn higher rates and enjoy quick access to your savings with our P&S Credit Union Money Market Account. Our Money Market Savings Account can help you maximize your savings without locking your money up. Not only will you earn a higher rate of return than with a regular savings account, but you’ll also have access to funds when you need them. It’s the ideal way to save on higher balances.
The Benefits of a P&S Credit Union Money Market Savings Account:
- Earn competitive dividends at a rate worthy of a term certificate
- Dividends earned on all average daily balances
- $25 minimum deposit to open, no minimum balance requirements
- No monthly service fees
- FREE Online Banking
- FREE e-Statements
Maximize Your Account Benefits
If you already have a relationship with us, take a look at how we can help maximize your savings.
Track your spending
With our mobile app, you can track your expenses and see where you’re spending your money.
P&S Credit Union Mobile Banking benefits:
- Review account summary & history
- Make transfers between accounts
- Receive balance information through text alerts
- Pay bills through Online Bill Pay
- Deposit funds through Mobile Check Deposit
Just open a new browser window from either your desktop or mobile device and enroll in Online Banking from the P&S Credit Union website. Follow the steps to register for two-factor authentication. Then, download the P&S Credit Union Mobile App from the Apple or Google Play app stores, and login. It’s that easy!
Schedule recurring transfers
Setting up recurring transfers on payday is an easy way to save. You’ll never even miss the money you’re saving. We can help you set up automatic transfers from your checking to your savings accounts.