How a Savings Account Works - page 2

Keep your money safe

The credit union keeps your money locked in a fireproof vault, so you’ll never lose it. Your brother or sister would have a pretty tough time finding your money then!

Save and earn more money
Here’s the best part about putting money in a savings account: it earns INTEREST. What’s interest? Interest is money that the credit union pays you. That’s right, YOU GET PAID. Interest is like a reward to encourage you to save your money with the credit union.

Once you open a Savings Account, you can continue to put money in your account by making a Deposit. When you make more deposits, you’ll save more money, and that means more interest. Then you can just sit back and see your money grow!

Back to "Save Your Cash" Training Center


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