Savings instruments are financial products designed to help individuals save money while earning interest. Common examples include savings accounts, certificates of deposit (CDs), and money market accounts. These instruments typically offer lower risk compared to investments in stocks or bonds, making them suitable for conservative savers. Many savings instruments are offered by banks and credit unions, providing a safe place to store funds. They often come with specific terms, such as minimum deposit requirements and withdrawal limitations. Overall, these tools help individuals manage their finances and achieve short- to medium-term savings goals.