<prompt> Human: Hello,I currently make 10hr and on average I work about 20hrs a week summer hours, I am saving 100 and pocketing 100 from each of my paychecks. Should I be saving more of my paycheck? I have two savings accounts through Capital One 360 that I use for my money, one has a debit card I use as a spending account and my other account is used exclusively for savings. My savings accounts APY is currently 0.75 and has about 1000 in it. Should I try and put as much money as possible into my savings to earn more interest or should I save money to put into a CD? I asked my mom about opening a CD in the future and she told me that a CD would not be worth my time unless I have 10,000 that I could use to ladder. Should I just stick to a savings account for now?Also, I will not be buying a car when I turn 16 which means I wont have to pay any insurance, I bike everywhere and I plan to invest in a nicer bike instead for about 700. What would be the best way to buy the bike? Should I keep saving and eventually pull out 700 all at once or should I be doing something else?  <response>: Youre awesome, kid. Wish I was like you when I was that age. 