Using a Second Account as Overdraft Protection

Overdraft fees are a pain. In our post last week we share some tips for how to avoid overdraft fees all together. But life, and your budget, doesn’t always line up perfectly with when you have money and when you need to spend it. Sometimes you actually do need to spend money before your pay check hits your account, like when you’re out of toilet paper. What are your options then? Well, a great option to consider is to use a second account, like a savings or line of credit, as a back-up account to pull funds from in case of an overdraft. Of course there are pros and cons  to each of these.

Avoiding Common Phone Scams

Though phone scams sound old and outdated, they still are common today. Primarily, people who are over fifty years of age are victimized through telephone fraud. Every year people lose money to telephone scams. Scammers act very friendly, and will sweet talk the money out of people any way they can. 

55th Street Branch Access Updated

The City of Rochester has been working on updates to the intersection near our 55th Street NW branch.  As of August 8th, the existing access point for our 55th Street branch off of West Circle Drive was closed permanently and moved further down the road, to the intersection with Members Parkway NW.  We have included the map below to show you the updated access points. 

The 5 Best Ways to Avoid Overdraft Fees

We've all had that terrible feeling when you realize you've overdrawn your checking account...again! And like squeezing lemon juice on a paper cut, you also get hit with an overdraft charge, #lamesauce . If you’re ready to tell overdraft fees to kick rocks, then keep reading, because we've rounded up the best ways to avoid overdraft fees to help you keep your money in your pocket.

The Power of Compounding Interest

What is compounding interest? Compound interest is interest calculated on principle and on previous years’ interest. To explain the power of compound interest a little better, let’s look at the following example:

Basics of a CD Ladder Strategy

A Certificate of Deposit, commonly referred to as a CD, is a financial product that is offered by banks and credit unions, which makes them a secure and safe place to keep money that you aren’t planning to spend anytime soon. To initiate a CD, there is usually a minimum amount you need to deposit.

7 Ways to Help Save for Retirement

There comes a time in everyone's life that they starts to think of a retirement plan. Many people don’t think about it until their thirties. By then, the ideal time to start saving for retirement may have passed. Everyone knows they should be doing it, yet we all make excuses and give reasons for why we can’t save for retirement.

The 4 Best Ways to Transfer Funds and Make Payments

Our newly upgraded Online Banking system comes with lots of excellent new features! To ensure you know how to use these features and feel comfortable navigating the updated system we have put together a series of blog posts to highlight these features and offer a few tips. A large part of your finances involves moving your money around between your accounts and paying other people. This article will share with you the best ways to transfer funds and make payments in the upgraded Online Banking system!

4 of the Best Security Feature Enhancements

Our newly upgraded Online Banking system comes with lots of excellent new features! To ensure you know how to use these features and feel comfortable navigating the updated system we have put together a series of blog posts to highlight these features and offer a few tips. We take the security of your personal information seriously, so we have put together this post to specifically discuss the new security enhancements and why they are important for your safety.  

4 Tips to Personalize Your Online Banking Account

Our newly upgraded Online Banking system comes with lots of excellent new features! To ensure you know how to use these features and feel comfortable navigating the updated system we have put together a series of blog posts to highlight these features and offer a few tips. We know how important it is for your personal finances to feel, well, personal! This post will share a few quick tips to help you customize your new Online Banking experience!