Saving time frame

When you have a goal set you’ll have an idea of how long it’ll take to save for it. Whether it's a protective buffer, next year's vacation or the down payment for an apartment, the goal may feel smaller once you have figured out what it requires from you.

Saving short term – less than one year

A buffer should be your first savings priority. The money that’s there to cover you in case something happens. When your goal is within reach, or when you know you might be needing your money sooner rather than later, it’s important that you have quick access to them and that it doesn’t lose a lot of value over night. We recommend having short term savings in a regular account for your convenience.

Saving up to five years

If your savings goal is within five years, it’s a good idea to save with low risk. You don’t want the market to dip when you need your money. Since the stock market is notoriously volatile we recommend choosing other methods for your shorter savings goals.

Saving longer than 5 years

For long term savings such as down payment, where you don't need the money for at least 5 years, higher risk saving may be rewarding. Since higher risk also means greater possibility of returns. By spreading your risks among many different saving alternatives, you max your chances of return and at the same time minimize risks.