5 ways to organize your savings

Mason jars might be popular in hipster décor, but in an increasingly cash-free society, they might not be the go-to for saving money anymore. Luckily, with EQ Bank, it’s easy to keep your savings organized. Here’s how.

1. Let’s face it, life can be expensive, so most of us are probably saving for multiple different things at once. Whether it’s retirement, furniture, or your regular emergency fund, it's easy to open up to five separate accounts with EQ Bank. Plus, you have the freedom to gear up and down as necessary. If your furniture budget is fleshed out, but your car breaks down, it might make sense to transfer those funds accordingly. Life changes constantly; it should be easy for your finances to adapt. (Did we mention transferring money between your EQ accounts is free? Something to keep in mind.)
   
   
2. Sometimes it takes two to reach a goal faster. That’s one of the reasons we introduced joint accounts. Set up an account with a partner, a family member, or even your bestie and get even closer to your shared dream of soaking in the sights in Iceland from a yurt.
   
   
3. Unfortunately, saving money isn’t always thrilling. Why not inject some excitement into the process by setting yourself a savings goal within your EQ Bank app. Simply set the goal amount, and your projected timeline, sit back and let us be your cheering section. You got this!
   
   
4. If all your savings sit in one lump sum, it might be difficult to separate the retirement fund from the Iceland yurt fund. Take the guesswork out! Having money sectioned out into multiple accounts gives you one less thing to think about when you’re calculating your budget every month.
   
   
5. Worried that spreading your money around will make it less secure? We’ve got your back. Deposits made under EQ Bank are aggregately eligible for CDIC protection up to $100,000, per insured category, per depositor, as outlined here. (Yep, even funds in our US Dollar Account are eligible for protection!) Bottom line? You’re protected.
   
   

Ready to get organized? Log in or sign up to get started!