FDIC Encourages Consumers to Save Automatically to Achieve Financial Goals — 2017-02-24

America Saves Week is February 27–March 4, 2017 The Federal Deposit Insurance Corporation (FDIC) encourages consumers to commemorate America Saves Week by taking advantage of automatic savings to achieve financial goals. Over time, small automatic deposits into a retirement or savings account can add up with compounded interest, helping consumers cover unexpected expenses and build wealth. FDIC Chairman Martin J. Gruenberg said: “During America Saves Week, I encourage everyone to establish a financial goal and then make a plan for automatic, recurring deposits into a savings account to help achieve that goal. This is an opportunity for people of all ages. In fact, parents and guardians can guide their children in learning about saving by establishing or strengthening savings account relationships with banks.” There are a number of ways to take advantage of automatic savings.