Managing a Savings Account

Use these savings account tips to better understand how to manage a savings account.

Deposit and withdrawal slips

You may recall from the checking account lesson that deposit and withdrawal slips are written orders to your bank. Use these slips to put money in or take money out of your savings account.

Here's an example of a savings deposit slip:

deposit slip with parts labeled

To fill out a savings deposit slip:

  1. Write your name and account number on the deposit slip.
  2. List the amount of money you want to deposit. Cash and checks are usually listed separately, then totaled.
  3. Take the slip to a teller at your bank, or withdraw money using an ATM.