Learning to Save

Accountants rejoice, tax season is almost over! If you haven’t received your refund yet, don’t panic, your check could already be in the mail. If you owe, come in and see us to set up a savings account. Our knowledgeable bankers can help you set up a savings account to prepare for next year.

This week in our saving series, we’ve posted an article with a tax refund calendar so you know when to expect your return.

In this savings series, we will be posting need to know information to help novice savers become experts and take charge of their finances! Check back weekly for more stories.

4.18.17 | When to Expect my Tax Refund? The Tax Refund Calendar
Featured on: The College Investor

Summary: One of the most pressing questions in the life of a tax filer – when can I expect my tax refund to come? Now, with a IRS e-file, you can get your refund in as little as 8 days from when you file, if you elect for direct deposit. For 9 out of 10 taxpayers, the IRS issued refunds in less than 21 days from the date the return was received last year.

4.10.17 | 6 Best Places to Park your Emergency Fund
Featured on: Smart Asset

Summary: An emergency fund is an essential personal finance tool. Everyone needs to have some cash reserves for those unexpected moments instead of relying on credit cards or short-term loans to see you through. But where should you keep your money… Hint: not under the mattress.

3.30.17 | What is a Money Market Account
Featured on: NerdWallet

Summary: A Money Market Account is like your basic savings account’s more mature sibling, and it’s an option worth considering if you’re looking for a safe place to deposit a large chunk of money and earn a little interest.

3.22.17 | How to Save Money: 100 Great Tips to Get You Started
Featured on: The Simple Dollar

Summary:  No matter where you are on your financial journey, you need to know that it’s possible for anyone to turn their financial life around. Sometimes all it takes is that first step in the right direction to get things moving in your favor. Just go through the list and find a few that apply to you and use them in your life. When you do, you may quickly find that you’re saving more money than you ever thought possible!

3.16.17 | 7 Tips to Establish Good Saving Habits
Featured on: American Bankers Association

Summary: The idea of saving can be scary for some, but once you break it down there are easy ways to make big impacts on your savings account. Start by setting up your account and taking advantage of the bank technology! Read more tips and tricks in this article.

3.7.17 | 10 Smart Uses for Your Tax Refund
Featured on: Kiplinger

Summary: Have a tax refund coming your way? Consider using it to benefit your personal balance sheet. The average refund has been around $3,000 for the past two years (most people receive their refund within three weeks of filing their returns). That’s a nice chunk of change. Here are ten good things you could do with the money…

2.28.17 | How Savings Accounts Grow From The Magic Of Compound Interest
Featured on: Forbes

Summary: When you’re young, it seems like retirement is too far away to worry about or you don’t know how to get started with a savings account. While you might have decades ahead of you, the one thing you can’t make up for is lost time. And compound interest gives the biggest returns to those who have been in the game the longest.

2.21.17 | What is a Savings Account?
Featured on: NerdWallet

Summary: A savings account is a simple account that lets you store cash securely and earn interest on your money. However, Banks offer multiple savings vehicles, each with varying requirements and levels of return. Knowing the differences — what’s good about them, what could be a problem — is the first step toward finding the right savings account.