Having a savings account or some form of a savings vehicle is one personal finance practice that has remained tried and true. Even as kids we were encouraged to save money in our piggy banks. Over the years, the popularity of different savings account options have phased in and out, impacted alternately by the current state of the economy, interest rates, and government policy. However, maintaining a savings account for emergencies, a vacation or an unexpected expense has remained an important part of any healthy financial plan that credit unions continue to stress to members. There are a few different options out there, each with pros and cons depending on your member's situation; how liquid they need their funds, if they can supply and maintain a minimum balance, and the time frame they could let their funds grow untouched. A little member education can go a long way when it comes to choosing a savings account that works. And having savings account options is key to ensuring you meet your member's needs.