FDIC-Insured - Backed by the full faith and credit of the U.S. Government

Savings Goals, Planning Tools & Savings Accounts

Saving for Your Next Starts Here

Savings strategies and tools for every goal.

Saving for what’s next should feel simple and empowering. At Park Bank, we’re here to help you achieve your next milestone, whatever that looks like for you. Whether you’re dreaming of a new home, planning a well-deserved getaway, starting a business, or preparing for life’s surprises, we’re with you every step of the way.

A Simple Approach to Saving

Every dollar saved puts you a step closer toward your next goal. Even small chunks, set aside consistently, can help build the future you imagine. 

What Are You Saving For?

Building up savings can help you avoid high-interest debt and give you peace of mind. Consider planning for the following:

Establish a cash reserve for unplanned expenses, such as medical or vet bills, vehicle repairs, or job loss. A good benchmark is having enough to cover three to six months of essential expenses. For health-related costs, consider enrolling in a Health Savings Account (HSA). 

Dreaming of time away? Open a dedicated vacation savings account and set a budget that includes transportation, lodging, meals, and miscellaneous expenses. This helps you stay focused on your goals and reduces the temptation to spend those funds elsewhere.

Is a wedding or college on the horizon for you or a loved one? A dedicated savings account can prepare you for life’s big milestones. 

Try our College Savings Calculator

Planning to buy a home? Start saving early. Many conventional mortgage loans require as little as 3% to 5% down for first-time home buyers, but aiming for 20% down lets you avoid paying Private Mortgage Insurance (PMI). See how much home you can cover the cost of with our Home Affordability Calculator.

Try Our Home Affordability Calculator

Planning a renovation or upgrade? Maybe it’s a new kitchen backsplash, patio, siding, or windows. Whatever your vision, setting aside funds for home projects can help you avoid personal loans or home equity financing.

Savings Tips

  • Build a Cushion: Aim for at least 3 to 6 months of living expenses in an FDIC-insured account.
  • Establish Goals and Track Spending: Set realistic short- and long-term financial objectives and use Park Bank digital banking to monitor your spending habits to stay on track.
  • Automate Your Savings: Set up automatic transfers from your checking to your savings account for effortless savings.
  • Create a Budget: Consider your household income in relation to your liabilities (e.g., mortgage, car payment, insurance, food, essentials, non-essentials, etc.). Account for every dollar and stay on track to meet your goals. Want to create a budget that works for you? Start with our Budget Calculator!

Wondering How Much to Save Each Month?

Use our Savings Goal Calculator to find the monthly deposit needed to reach your next money milestone.

Calculate Your Savings Goal

Is Your Savings Plan on Track?

Our Savings Interest Calculator helps you estimate the interest you can earn and the total value of your savings. From there, you can decide whether you need to save more to reach your goals.

See If You're On Track

Our Savings Solutions

  • Classic Savings: A simple account that helps you grow your deposits through interest without high monthly minimums or fees.
  • Money Market: The ideal choice if you want to earn tiered interest, where higher balances can earn higher interest rates, while keeping your money accessible.
  • Investor Savings: A perfect solution if you’re looking to enhance and diversify your investment portfolio while keeping funds liquid.
  • Certificate of Deposit (CD): Looking for a stability and predictable growth? A Certificate of Deposit can help you earn a competitive fixed rate while keeping your savings goal on track.
  • Individual Retirement Account (IRA): A powerful savings tool, offering tax advantages to help grow your retirement funds.
  • Health Savings Account (HSA): A solution specifically designed to help you save for health care costs.
  • Early Saver: The ideal account for young savers (21 and under) to help develop smart money habits.

Pro Tip: Set up automatic transfers from your checking account to your savings account on paydays to automate your savings!

Explore Savings Accounts

Accelerate Your Earnings with a Checking Account

  • Aspire Interest Checking: An ideal account to grow your money with tiered interest rates.
  • Imagine Checking: A powerful account loaded with digital banking tools and services for easy money management on the go.

Explore Checking Accounts


Keep Track of Your Goals

Our digital banking tools help you stay on top of your finances with ease. Manage your accounts, monitor your credit score, make payments, transfer funds, and more, from wherever you are.

Want Help Creating a Savings Plan?

Every achievement starts with a first step. Connect with a local banker to discuss your goals and find the savings strategy that works for you.

Talk With a Banker

Find a Branch

Compare Savings Accounts