Savings

Investing 101: A Quick Guide to Savings Accounts

What you need to know (and ask) when putting your money into a savings account.
VIP Contributor
Financial Journalist, New York Times Bestselling Author, Anchor
2 min read
Opinions expressed by Entrepreneur contributors are their own.

In this video, Entrepreneur Network partner Nicole Lapin explains why the surest way to save money is through an automated process, sending a percentage of your earnings (Lapin suggests 5 percent, but it will vary for everyone) into a savings account before you can get your hands on that money and be tempted to spend it. Before starting that automated process, though, you'll need to decide whether you want to use an online bank, an actual bank or a credit union, each of which comes with its own strengths and weaknesses.

To learn more about which savings account could be best for you, click play. 

Entrepreneur Network is a premium video network providing entertainment, education and inspiration from successful entrepreneurs and thought leaders. We provide expertise and opportunities to accelerate brand growth and effectively monetize video and audio content distributed across all digital platforms for the business genre.

EN is partnered with hundreds of top YouTube channels in the business vertical and provides partners with distribution on Entrepreneur.com as well as our apps on Amazon FireRoku and Apple TV.

Click here to become a part of this growing video network.

Nicole Lapin's new book, Boss Bitch, is available on Amazon.

More from Entrepreneur

Jason's expertise and experience can help you with storytelling, motivation, and pitching your business to media.
Jumpstart Your Business. Entrepreneur Insider is your all-access pass to the skills, experts, and network you need to get your business off the ground—or take it to the next level.
Create your business plan in half the time with twice the impact using Entrepreneur's BIZ PLANNING PLUS powered by LivePlan. Try risk free for 60 days.

Latest on Entrepreneur