Savings
An account to help you save more money by earning a higher rate, but keeping the money liquid to use when you need it.
What is a Money Market Account (MMA)?
An employee sponsored retirement plan.
What is a 401k or 403b?
Money set aside in your budget for discretionary spending.
What is "fun money" or a spending account?
An account used for regular, expected large expenses. Such as vehicle registration, insurance payments, vet bills, etc.
What is a sinking fund or short-term savings?
This is a savings account for larger savings plans- like a down payment, vacation or a new car.
What is a long-term non-retirement savings?
This account is used for unexpected expenses, like car repairs, loss of a job, or large home expenses.
What is an emergency fund?
An account used to go towards meaningful gifts or charitable donations.
What is a Holiday or Charity account?
A great resource to support you building your wealth and working with a specialist to help you plan for your financial future.
What is Wealth Management or Financial Advisor?
These types of accounts are used for approved medical expenses including, co-pays, medications, and emergency visits.
What is a Health Savings Account (HSA) or Flexible Spending Account (FSA)?
An account to keep your money safe and earn a competitive rate that compounds daily at the same time. Penalties may apply for early withdrawals.
What is a CD (Certificate of Deposit)?
A retirement account that can use either post- or pre-tax money, depending on which type of account you choose that works best for you and your goals.
What is an Individual Retirement Account (IRA)?
A separate account that pulls money for your monthly expenses. This separates the money you have left to spend from money you need to put aside for regular expenses.
What is a "Bills" account?