What is the most appropriate way to store user settings in Android application

I am creating an application which connects to the server using username/password and I would like to enable the option “Save password” so the user wouldn’t have to type the password each time the application starts.

I was trying to do it with Shared Preferences but am not sure if this is the best solution.

I would appreciate any suggestion on how to store user values/settings in Android application.

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