Set and forget your savings – and watch them grow!

Discover how much easier it can be to reach your savings goals when you break your big savings target into small achievable steps. Then you can set and forget by automatically transferring money from each pay into an Essential Saver account. Sit back and watch your money grow.

 

Achieve your savings goals faster in five easy steps with Health Professionals Bank:

1. Work out how much you want to save by when: Setting a deadline holds you accountable to your goal and creates a sense of urgency. When you enter your savings goal in the Health Professionals Bank mobile app¹, you’re reminded of it every time you use the app.

2. Break your savings goal into amounts to save each pay period: Use our savings planner calculator to work out the amount you’ll need to save each pay period to reach your goal.

3. Choose a savings account: Make sure you earn a great rate of interest every day on every dollar you save. The interest paid on your account makes a difference over time. Also check that there are no conditions, such as a minimum deposit amount, that could disqualify you from earning interest.

4. Pay yourself first: Set up an automatic payment to your savings account just after your pay goes in. Automatic transfers are a great habit to help you avoid the pitfall of spending first and saving what’s left over.

5. Watch your savings grow: Regularly track your savings in the mobile app to see how close you’re getting to reaching your targets. Adjust your automatic transfers if necessary.

Accelerate your savings with Essential Saver

With Essential Saver, you earn a great variable rate on every dollar you save. Your money isn’t tied up – take it out whenever you need it without penalty*. So, whether your saving goals are small or big, now’s the time to consider powering-up your savings with Essential Saver.