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Discover LudwigThe phrase "are saving" is correct and usable in written English.
It is typically used in the present continuous tense to indicate an ongoing action of saving something, such as money or resources.
Example: "We are saving for a new house, and every month we set aside a portion of our income."
Alternatives: "are accumulating" or "are setting aside".
Dictionary
are saving
verb
To prevent harm or difficulty. transitive
Exact(60)
They are saving something.
We are saving water.
We are saving lives.
"We are saving Venice".
Americans are saving less.
"But we are saving lives".
They are saving my life.
"Remind people that you are saving lives".
Young adults are saving, too.
Bairstow's runs are saving him at present.
"We are saving six months potentially".
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Since I tried Ludwig back in 2017, I have been constantly using it in both editing and translation. Ever since, I suggest it to my translators at ProSciEditing.

Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com