<Table> <Tr> <Td> </Td> <Td> "Save It for a Rainy Day" (1976) </Td> <Td> "On and On" (1977) </Td> </Tr> </Table> <Tr> <Td> </Td> <Td> "Save It for a Rainy Day" (1976) </Td> <Td> "On and On" (1977) </Td> </Tr> <P> "Save It for a Rainy Day" is a song by American singer / songwriter Stephen Bishop . The song was the first hit single from his debut album, Careless . It features Chaka Khan on backing vocals and a guitar solo by Eric Clapton . </P> <P> "Save It for a Rainy Day" peaked at number 22 on the U.S. Billboard Hot 100 and number 21 on the Cash Box Top 100 . In Canada, the song peaked at number 20 . </P>

Who sings save it for a rainy day