Need a down payment for a new car or a home? Want to start a savings account for your grandchild? We offer several secure, simple and accessible savings plans. We also offer services like Direct Deposit, Online Banking, and automatic fund transfers that can make saving easier and more convenient.
THE HARDEST PART ABOUT SAVING IS PSYCHOLOGICAL.
The hardest part about saving money is psychological. You have to decide to do it. Research shows that many people postpone saving. Some can’t decide how much to save; others just procrastinate. Because most savings plans require action – you have to sign up or make that deposit each month – indecision and procrastination can be your worst enemies. The key to saving is making it automatic.
AUTOMATION – THE KEY TO SAVING.
Many employers can deposit money straight from your paycheck into your savings account. You can make the request for Luzerne Bank to regularly transfer money from your checking account to a savings account. Some people transfer funds each week or once each pay period. If you are enrolled in Online Banking, you can set up the automatic payments yourself, selecting the time of the month for the transfer.
You may also sign up to transfer money between your accounts through Telephone Banking, the bank’s 24-hour automated account information line.
LET YOUR MONEY MAKE MONEY FOR YOU.
Remember that the best way to make money is to plan for the long term. This way your money can grow and compound. You begin to earn interest on your interest. In other words, your money makes money for you. Start automatic savings as soon as you can, even if you’re only transferring a small amount.