Are you still simply depositing your salary in the bank, or do you not know that there is a lot more to saving money in the bank? If you want to make money with no effort, if you want to get the most out of the rest of your monthly salary, then this article will help you learn more about how to save money in the bank.

Automatic rollover is a smart choice for your savings at the bank. An automatic rollover is an agreement with your bank to make a rollover when you make your savings. The advantage of doing this is that it avoids the loss of interest on the overdue portion of the deposit that is accrued on a demand basis if the deposit is not transferred in time after maturity. Even if the interest rate drops after the deposit is made, you can still calculate interest at the rate before the drop. And if the interest rate increases after maturity, we can also take out and redeposit the deposit and enjoy the same increased interest rate. If you want a flexible and convenient way to save, then demand savings is your first choice. We can use this money for daily living expenses. For example, you can deposit your regular monthly income into a demand deposit account for your daily use, and you can use this amount to pay all the bills that you need to pay for your life. However, you should also note that since the interest rate of the demand deposit is low, you should withdraw and switch to a time deposit in time.

Usually, a time deposit is suitable when you have a sum of money that you do not need to use for a long period. So this way of storage must pay attention to the deposit period to be moderate, specifically, you can do this: if you want to deposit for 5 years, then you can not directly deposit for 5 years, but you can divide the deposit into 1 year and 2 years, and then the rolling rotation of storage, this way of interest earnings effect is the best. However, if you are in a period of low-interest rates, it is better to set a longer deposit period, not to save for 5 years, and then not to access it in sections, because when interest rates are low, the principle of savings income is that the longer you save, the higher the interest rate on your savings, and then the better the income you get. If you have a large demand deposit to use shortly, but you do not specify the specific date of use of the depositor, for example, the individual's purchase funds, speculation in the stock market when holding funds or holidays when the stock market is closed idle funds. For such funds, you can set the deposit in a 7-day slot.

After learning about the above banking tips, you are ready to take action. It is important to know that the right way to manage your money will allow you to have money left over from your monthly fixed expenses not just lying in the bank. Saving smartly can gain you additional assets for your life again.

（Writer：Woys）