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. 

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

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