"I'm Saving My Love" was recorded at the RCA Victor Studio in Nashville, Tennessee, United States on January 9, 1963. The session was produced by Anita Kerr. The song was released as a single in April 1963, serving as the follow-up to Davis' major country pop crossover hit, "The End of the World". "I'm Saving My Love" also became a top-ten hit, reaching number nine on the Billboard Magazine Hot Country Singles chart, while also just missing the top-forty on the Billboard Hot 100. In addition, the single reached number thirteen on the Hot Adult Contemporary Tracks chart, becoming Davis' second entry on that chart.
