There are a lot of tips for managing your money in a bank, and if you want to maximize your financial gains, master the tips for managing your money in a bank so you can get more out of it. This article gives you some tips on how to manage your money in a bank, if you want to learn more tips, please continue reading this article. How to save money most cost-effectively? You can try the ladder storage method. For example, if you have $50,000 to save, you can put $20,000 of it in demand, so you have $20,000 to use whenever you want. Then you can divide the remaining $30,000 into 3 equal parts and deposit them all as a fixed term.

After 1 year, you can deposit the maturing $10,000 for another 3 years. So after 3 years, the 3 certificates of the deposit we have in our hands will all be 3 years. Although the maturities are different, they are in turn 1 year apart. This method of saving allows you to equalize the annual maturity of your savings, which allows you to meet the interest rate adjustments of your savings and still earn the high-interest rate of a 3-year deposit. If you are a middle-income family, you can use this method of saving to build up a college education fund for your children. 

The second very cost-effective way to manage your money is the continuous monthly savings method. You can save the remaining money each month as a one-year lump-sum fixed deposit. In this way, after a year, the first certificate of deposit expires, you can take out the savings principal and interest, and then round up to the whole number. Then the next round of the cycle of savings, with this method has been cyclical, you will find that you always keep the deposit slip on hand in 12, a certain amount of money each month to gain. Here the savings method is more flexible and does not require a fixed amount, each person can make different decisions depending on their family's financial income. Even if there is an urgent need to use the funds, you can simply withdraw the savings that are about to mature or that you have recently saved, thus reducing some interest losses for us.

The last and most cost-effective way to manage your money is the portfolio storage method. For example, if you have $60,000 to save, you can open a principal-and-interest savings account, take out the first month's interest after one month, and then open a fractional savings account, and deposit the interest into the fractional savings account every month. In this way, you not only get the interest on your savings, but you also get the interest after you deposit your zero-deposit savings.