Savers Two Cents

Using the available equity in your home is a great way to finance home improvements, large expenses and education costs. However, before deciding on a home equity line of credit or a home equity loan you should estimate how much equity you have available to borrow in your home.

If you own your own business you know that managing your business’s finances can be a full time job. Maximizing automated solutions for these business related tasks is one of the services that banks are now offering to manage your cash accessibility. This multi-level service, called a Cash Management Program, is a versatile tool designed to streamline your business’s finances, making it more efficient and more cost effective. Cash Management Programs can often be tailor-fit to your business so you can optimize its functionality and reap the maximum benefits.

The consumer experience is evolving, with more access to information, news, and services from a pocket-sized device with limitless possibilities. The phrase “there’s an app for that” reached popularity of comedic proportions, but it is becoming truer every day.

Did you know that many financial institutions offer rewards programs for their debit card users? Do you enjoy the ease of shopping with your debit card, allowing purchases to come directly from your checking account so you don’t have to carry too much cash around? It’s even nicer when you see that card give something in return a little each time. Debit Rewards Programs do just that.

Checking accounts are a convenient way to access and manage your money. Using features like a debit card, online banking, bill-pay services, and mobile banking allow access from just about anywhere. But not all checking accounts are the same, so when shopping around for a checking account, it’s important to find what features you would find most valuable.

Have you ever been in a situation where you wanted to send someone money, and you wanted to do it quickly and safely?

If you’re like many consumers, you’ve probably got a couple of credit or debit cards in your wallet or pocket book. If so, you’ve probably also been receiving new cards with a slightly new look: a metal square embedded in the front of your card. That square is called an EMV Chip, and it allows your card to function as a “Smart Card”.

Our lives are getting busier and busier, we all need a little help with managing our daily finances as we juggle our work and family schedules. Online and Mobile Banking offers you secure 24 hour access anytime – anywhere with just the swipe of your finger.

In our last article we discussed the advantages of home equity lines of credit. This week we will discuss home equity loans.

A great way for homeowners to access less expensive borrowing options is through their home equity. Home equity lines of credit are a valuable financial resource for a home owner who is comfortable accessing the available equity in their home to secure credit at rates much lower than unsecured loans. If you are trying to be prepared for ongoing or unexpected expenses like tuition or renovation projects, a line of credit might be right for you.