Growth & Jobs | Why long-term savings deserve a place in your financial plan

In today’s economy, households, businesses, and institutions are thinking more deliberately about how they protect and grow their money.

The cost of living remains an important consideration, interest rates continue to influence borrowing and saving decisions, and businesses are still navigating changing operating costs, consumer demand and economic uncertainty. Against that backdrop, simply leaving all available funds in an ordinary savings account used for transactions may not always be the most effective approach.

A stronger financial plan usually balances three things: liquidity, security and return.