It is no secret that despite showing recent signs of recovery, the state of the economy is still less than stellar. Thus, people must act more financially responsible and cautious on both a day-to-day and long-term basis. For those who do manage to not only make ends meet by the end of the month but also have enough money left over to save a significant amount of their earnings, there are a couple of savings options. The first and most obvious would be to deposit money into the relative safety of a savings account. The bank holding onto the money in the savings account keeps the money secure not only with the brick, mortar and electronic security but also with a guarantee from the government that your money will be there when you need it up to a certain amount.