How much money do you need to have in order to make it worth it to put your money in a savings account?

Answer 1

Any amount. You've got to start somewhere!

Answer 2

It's worth putting money into a savings (or other FDIC-insured investment) account whenever you make more money than you spend.

You may not make much off the interest, but every dollar that is put away is another dollar available for emergencies.

Answer 3

I would think that you would want to have the savings account to slowly build up savings over time. It usually takes time to save up a decent amount but that is perfectly fine. I would start of with $100, and build on that. Over time it really does add up.

Answer 4

I'd say anything! Begin saving now, even if you only have a little extra, it adds up! Most banks let you set up a regular savings at $50 or $100 to start. (Young children usually don't have a min. to start) Start saving now, it will be worth it later!

Answer 5

The key to a savings account isn't how much you open it with, its that you keep adding to it without withdrawing. You only add what you can afford to. Otherwise, you'll keep taking it back out. I opened mine with $50. And $20 from each (weekly) paycheck goes in. It's growing fine.

Answer 6

Some banks require a certain amount to open, like $50.00. No amount is too small to save, it will eventually add up.

Answer 7

I would say anything over $200, because most home insurance policies will only cover up to $200 for cash lost to a named peril [fire, theft, wind, etc.]

Answer 8

about $300-$1000.

Answer 9

any spare cash you have and keep adding to it