When the Federal Reserve, often called "the Fed," changes its rates, it can impact not just banks, but everyone who uses them - including regular people. However, how much these changes affect the interest rates you pay is not always a clear case of cause-and-effect. In this article we’ll help you understand how federal interest rate changes might influence consumer interest rates.

The holiday season is a magical time, filled with festive gatherings, gift-giving, and cherished moments. However, it can also be synonymous with overspending. As we get caught up in the spirit of giving and celebrating, it’s easy for expenses to spiral out of control. Fortunately, by utilizing debit cards as your primary form of payment, you can maintain financial discipline without sacrificing holiday cheer.

In the modern financial landscape, having a strong credit score is more important than ever. Whether you plan on buying a house, leasing a car, or even getting a job, your credit score can play a crucial role in determining your financial freedom and opportunities. But what exactly is a credit score, and how can one build and maintain it from scratch? This comprehensive guide aims to answer these questions and more.

For many families, financing a college education is a major financial challenge. But despite the increasing costs of higher education, strategic planning and saving can mitigate the financial burden so that students can pursue their academic and career goals without taking on overwhelming debt. Here, we’ll explore various strategies for paying higher education costs, breaking down several tried-and-true traditional savings methods alongside some unconventional tactics.

You may have heard the buzz about the Federal Reserve's decision to cut interest rates on September 18, 2024. This move comes at a critical juncture for the U.S. economy, and its ripple effects will be felt across various sectors. But what does this rate cut really mean for you and the broader economy?

One of the most effective tools for saving and growing your money is through Certificates of Deposit (CDs). CDs are a type of financial product offered by banks that allow individuals to earn a fixed interest rate over a specific period of time in exchange for depositing a certain amount of money. In this post, […]

Effective money management is an essential skill for maintaining financial stability and promoting long-term financial health. Whether you’re navigating a budget for the first time or laying the groundwork for future investments, understanding the principles of money management will provide the necessary foundation to achieve your financial goals. This comprehensive guide aims to highlight the […]

With the convenience and accessibility it offers, digital banking has become imperative to the way consumers manage their finances. This comprehensive guide aims to provide consumers with a deeper understanding of digital banking, its benefits, features, and how to make the most of this modern banking experience. What is Digital Banking? Digital banking, also known […]

As homeowners build equity over time, they often seek ways to tap into this asset to address various financial needs. A Home Equity Line of Credit (HELOC) has emerged as a popular and versatile option for leveraging home equity. This financial tool allows homeowners to borrow against the value of their property, providing access to […]

As a local community bank, we understand the importance of effectively managing your financial resources so that they can go the furthest for you. One of the key elements of good money management is optimizing your savings and checking accounts. Let’s walk through some valuable tips and strategies to help you make the most of […]