There is Certainty in Savings – Save Today, Tomorrow and for Your Future


This article is sponsored by Capitol Federal® Savings Bank.

No one can predict the future, so having a healthy and robust savings account is an excellent way to prepare for the unexpected. By developing a stable savings plan, you create a personal safety net in the event of an emergency, gaining the freedom to become more financially secure for the future. It’s really that simple, and all it takes is to start somewhere.

At Capitol Federal®, our philosophy has always been a commitment to helping you protect your money. Whether you’re just getting a savings plan started, or are thinking of adding saving avenues to your portfolio, we have the products, services and dedicated employees ready to help you on your financial journey. Choosing the right account for your needs and financial situation is the first step. Listed below are all options you can explore, plus all are FDIC insured to the maximum allowable by law and will not lose value, so you know they are a dependable savings option:

 Savings Account: The simplest and most straightforward way to save. You can automatically deposit money into this account from another account, or from a different financial institution. This account is a safe and secure method to save money.

Money Market Select: Similar to a savings account but with the added features of a checking account, a Money Market gives you greater flexibility when transferring funds to and from the account for alternative investments. A Money Market Select may also sometimes feature a slightly higher interest rate, but with a few transaction limits.

CDs: Certificate of Deposit provides a predictable return over time and is FDIC insured to the maximum allowed by law. A CD gives you the confidence of knowing your money is safely growing in a secured account. There are penalties for early withdrawals, so make sure you select the term that works best for you before opening a CD. You may also open several CDs in a strategy known as a CD ladder. This gives you some financial flexibility while taking advantage of future interest rates.

IRA: Individual Retirement Accounts (IRAs) are tax advantaged investing tool that individuals use to earmark funds for retirement savings. There are several types of IRAs as of 2020 : Traditional, Roth, SEP and Simple IRAs. Keep in mind, rules regarding maximum contributions and income limits for IRAs change each year.

We all know saving is an essential part of life, and knowing your money is safe and secure will give you confidence during times of uncertainty. For more than 127 years, customers have trusted CapFed to help them save for a car, a house, retirement, an emergency or just a rainy-day fund. Trust CapFed to help you save today, tomorrow and for your future. While we cannot predict the future, we can help you be ready for whatever the future holds.

Open a savings account online, or contact one of our 9 Greater Wichita branch locations.  We’d love to help you and your family feel more secure in your savings plan.

About Capitol Federal®

For more than 125 years, Capitol Federal® has remained steadfast in its corporate philosophy of Safety in Savings, Sound Lending Policies, Quality Customer Service, and Commitment to Community.

Capitol Federal is a leader in residential lending in Kansas and Missouri and boasts more than $9 billion in assets. In addition to single-family residential lending, the Bank offers commercial and small business loans, business banking services, along with personal accounts, including checking, savings, money market, IRA and certificates of deposit, as well as trust services.  With 54 locations, the Bank’s network extends throughout Kansas and into Missouri.

Member FDIC, Equal Housing Lender.