savings tools

Savings tools are financial options that help you set aside money for future needs or goals. They include accounts like savings accounts, which offer a safe place to store money and earn some interest; certificates of deposit (CDs), which lock in your funds for a fixed period at higher rates; and retirement plans like 401(k)s or IRAs, designed to grow your savings tax-advantaged for long-term security. These tools help manage your money responsibly, providing safety, growth potential, and planning for things like emergencies, education, or retirement.