Having bookmarks saves time as you access your favorite or frequently used websites.
Go to the website (URL) that you want to save as a bookmark.
Change the Name if you want and assign it to a folder then click "Done."
You will notice that the star at the far right of the website address line is now yellow, identifing that it is a favorite.
Based on the folder I selected when creating the boomark, it is showing up on the bookmark bar.
The shortcut for setting a bookmark is to simply click the white star at the end of the omnibox, give the bookmark a name, and assign it to a folder as above. The star will turn yellow, indicating that the site is now a favorite or bookmarked.