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Edvisors (“Edvisors Network, Inc.”) provides independent advertising-supported platforms for consumers to search compare and apply for private student loans. Loan offers from participating lenders that appear on our websites are not affiliated with any college and/or universities, and there are no colleges and/or universities which endorse Edvisors’ products or services. Lender search results do not constitute an official college preferred lender list. Edvisors receives compensation from lenders that appear on this site. This compensation may impact the placement of where lenders appear on this site, for example, the order in which the lenders appear when included in a list. Not all lenders participate in our sites and lenders that do participate may not offer loans to every school.

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Saving

Editor's Picks for Saving

Penny Redlin

Types of Savings Accounts

By Penny Redlin

If you decide you need a savings account. Here are some of the different types you can choose from: traditional savings accounts, high yield savings accounts, certificate of deposit, money market account and cash management accounts.  

Read Article
Savings - Jar of money with label that says emergency fund
Penny Redlin

What is an Emergency Fund

By Penny Redlin
An emergency fund is a source of funding on which you can rely when life throws you lemons. It is a cash reserve that you allocate strictly for when unexpected, costly and urgent issues arise. Such issues do not include dire wants, such as a new television or a pair of shoes but rather, true emergencies.
Read Article
Sign with 3 arrows in different directions, spending, budget and saving
Ainsley Rindfleisch

Financial Goals

By Ainsley Rindfleisch
Financial goals are a plan for managing your money. These goals help you to save and manage how you spend, as well as keep you focused on where your money goes.
Read Article
Ainsley Rindfleisch

How to Save Money as a College Student

By Ainsley Rindfleisch
This may be your first time managing your own money; you may not be aware of the different strategies and tools available to help you make your money go further and even save some along the way!
Read Article

Saving

 To open a savings account your need to determine which bank or credit union you want to have your account with.  Consider number of locations & ATM’s, the interest rate offered and any fees you will or could be charged. 
Read More Info

An HSA (Health Savings Account) is a type of savings account designed to be used for qualified medical expenses.  You can contribute money pre-tax out of your paycheck and use the money for approved expenses without any tax penalty.  
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A savings account is an account you open with a bank or credit union, where the bank holds your money for you.  In exchange for giving your money to the bank to hold (and use while they are holding it) the bank will pay you interest.
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The answer to this question is “it depends.” If you’re looking at saving money each month on the amount of your student loan payment, you will likely be able to reduce your monthly obligation by extending your repayment term. However, extending your repayment term may cost you more overall in interest paid over time, but can help to reduce your monthly expenditures.
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Compound interest is when you earn interest on the money you previously earned in interest, when that money is added to your initial deposit.  For example if you deposit a $1000 in a bank paying a 5% annual interest rate and left it there for 10 years, when you go to collect your money you would have $1629.
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A CD (Certificate of Deposit) account is a type of savings account you can open at the bank.  When you open a CD account you agree to leave your money in the bank for a specified time period. 
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Saving

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  • Saving

Saving

Ainsley Rindfleisch

How to Save Money as a College Student

By Ainsley Rindfleisch
Updated on 11/14/2022
Penny Redlin

Types of Savings Accounts

By Penny Redlin
Updated on 10/26/2022
Penny Redlin

What is an Emergency Fund

By Penny Redlin
Updated on 10/05/2022
Ainsley Rindfleisch

Best Online Savings Accounts for Students January 2023

By Ainsley Rindfleisch
Updated on 11/11/2022
Ainsley Rindfleisch

The Difference Between Checking and Savings Account

By Ainsley Rindfleisch
Updated on 11/07/2022
Ainsley Rindfleisch

Financial Goals

By Ainsley Rindfleisch
Updated on 11/07/2022
Elaine Rubin

What is a High Yield Savings Account

By Elaine Rubin
Updated on 11/14/2022
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Edvisors (“Edvisors Network, Inc.”) provides independent advertising-supported platforms for consumers to search compare and apply for private student loans. Loan offers from participating lenders that appear on our websites are not affiliated with any college and/or universities, and there are no colleges and/or universities which endorse Edvisors’ products or services. Lender search results do not constitute an official college preferred lender list. Edvisors receives compensation from lenders that appear on this site. This compensation may impact the placement of where lenders appear on this site, for example, the order in which the lenders appear when included in a list. Not all lenders participate in our sites and lenders that do participate may not offer loans to every school.

Edvisors is not a lender and makes no representations or warranties about your eligibility for a particular loan or financial aid. Lenders are solely responsible for any and all credit decisions, loan approval and rates, terms and other costs of the loan offered and may vary based upon the lender you select. Please check with your school or lender directly for information related to your personal eligibility.

Edvisors has endeavored to provide accurate information. However, the results provided by lenders are for illustrative purposes only and accuracy is not guaranteed, as such, Edvisors assumes no responsibility for errors or omission in the information provided.

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