FDIC Encourages Consumers to Develop a Plan to Save Toward Their Goals

The Federal Deposit Insurance Corporation (FDIC) is encouraging consumers to use America Saves Week as a time to begin or continue saving towards financial goals they have set for themselves. FDIC Chairman Martin J. Gruenberg said, "During America Saves Week, I encourage everyone to set a savings goal and develop a plan to meet it. Even if you are starting small, saving money in a federally insured bank account is the safest way to build savings for the unexpected or future dreams. The Week is an opportune time to commit to making a financial plan that sets the groundwork to save successfully."

America Saves Week, which runs between February 24 and March 1, 2014, is a week wherein various organizations engage the communities they serve to promote consumers making a savings commitment, and then gaining access to ideas, tools, and other resources that help the consumers to reach the goal. In particular, the Week encourages consumers to think about ways to automate saving toward the goal, such as through regular transfers into a savings fund. The FDIC has developed educational resources to help consumers evaluate savings options.

To learn more about America Saves Week and savings-related resources from the FDIC, visit http://www.fdic.gov/deposit/deposits/savings.html.