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 effectively optimizing your savings and checking accounts. Let’s walk through some valuable tips and long-term strategies to help you make the […]

Going to college or finally striking out on your own is an exciting time in your life, filled with new opportunities and experiences. It’s also a time when financial responsibility and smart money management become vitally important. One of the best ways for young adults to start on the right financial path is by finding […]

We understand the importance of providing our clients with comprehensive information and guidance on financial products and services. We also recognize that there can sometimes be confusion around home lending products which is why we’ve put together this simple breakdown. One key area where homeowners often seek assistance is in understanding the differences between home […]

In today’s fast-paced world, managing personal finances can be a daunting task, especially for busy young families. With the convenience and accessibility of debit cards, it is easy to overspend and fall into debt. As a trusted community bank in Connecticut, we understand the importance of smart spending and financial security for our customers. Let’s […]

You know you need a bank account, but with so many options it can be daunting to make a choice. Are you worried about overdrawing and being hit with fees? Or maybe you’re tired of searching for the account with the best interest rate because they’re always changing? If you’re looking to start better managing […]