Start Saving with Purpose—and a Plan
At Savings Bank of Walpole, we believe saving should be simple, intentional, and empowering. Whether you’re preparing for the unexpected or working toward something exciting, we’re here to help you build strong saving habits—one step at a time.
Why Saving Matters
Saving isn’t just about stashing money away. It’s about building a buffer that gives you freedom, flexibility, and peace of mind. With a solid savings foundation, you can:
- Reduce financial stress and feel more in control
- Handle life’s surprises without going into debt
- Work toward big goals, like a home or vacation
How to Start—and Stick With—Saving
- Set a Clear Goal – Give your savings a purpose. Whether it’s an emergency fund, a down payment, or holiday expenses, naming your goal helps keep you motivated. We offer SBW GOALS* Saving Feature in Online Banking to help you meet your goals easily.
- Pay Yourself First – Treat savings like a non-negotiable bill. Set up automatic transfers from your checking account—weekly, bi-weekly, or monthly.
- Start Small and Build – Saving just $10 or $25 per week adds up quickly. Focus on progress, not perfection.
- Track Your Progress – Use our online and mobile banking tools to monitor your balance and celebrate milestones.
- Avoid Dipping In – Keep your savings in a separate account, and consider turning off overdraft transfers to make it harder to spend impulsively.
Build an Emergency Fund—One of the Best Financial Moves You Can Make
An emergency fund helps cover unexpected costs—like car repairs, medical bills, or temporary job loss—without relying on credit cards or loans.
Aim to save:
- $500–$1,000 to start
- Eventually, 3–6 months of essential expenses
Pro tip: Keep your emergency fund in an account that earns interest but still gives you quick access when you need it.
SBW Makes Saving Easy
We offer local savings accounts that help you stay on track:
- Competitive interest rates
- No monthly maintenance fees on most accounts
- Friendly, local support whenever you need it
- Online and mobile tools to help you manage your money
Savings Calculators
Interactive Savings Resources
Savings Bank of Walpole Partners with Banzai to bring you financial literacy tools. Check out their quizzes and articles:
Savings Guides & Tips
Saving
Build financial security through an effective saving strategy. These resources include easy-to-understand activities and articles on saving topics like creating a budget, saving account types, and emergency funds.
Savings Accounts
If you’re building an emergency fund, saving for a big purchase, or getting money together to invest, using an insured savings account can put you on the right road.
Saving Money for Youths
It’s exciting to dream about how you’ll spend your money (when you have some). Brainstorming a list of savings goals is typically less inspiring. But really, the two go hand-in-hand. Without money in savings, it’s hard to make your wish-list expenses come true.
Emergency Funds
As much as we’d like to pretend otherwise, we all have our spells of bad luck—an unexpected illness, a car accident, a leaky pipe. If you want to get through the inevitable rough patches without breaking the bank, it’s vital to have a robust emergency fund.
Finding Funds in an Emergency
If you find yourself facing an emergency that you’re financially under-prepared for, the prospect of what to do next may feel overwhelming. Don’t panic. There are things you can do to get through this crisis.
When Times Get Tough
When emergencies and unexpected situations strike, it’s important to be prepared and make wise decisions.
What Is Inflation?
Inflation measures how much prices rise over time. When prices rise, the value of a dollar falls and your purchasing power goes down.
How 529 College Savings Plans Work
529 plans aren’t simply a savings account. Officially called qualified tuition plans, 529 college savings plans offer tax breaks, flexibility, and more for those investing in the future.
Get Personalized Help with Your Savings Goals
Stop by your nearest branch in Cheshire County, NH or contact us for personalized support—no pressure, just practical advice. Give us a call at (603) 352-1822 or (877) WALPOLE.
*The SBW GOALS savings feature is for SBW online and mobile banking customers only and is user-specific and cannot have joint access. Only the user that establishes the SBW GOALS feature will be able to view the history and any related savings progress and statements. SBW GOALS can be modified or canceled at any time by user.