News – Stay Updated About The Latest in Banking
Encouraging Children to Save
Sometimes when children hear their parents or other adults in their lives talking about cutting spending or saving money, they assume that the family is going through a rough patch. As appropriate based on children’s ages, family conversations about money goals,...
Split Deposit: The Workplace Perk that Will Help Employees Build Wealth
American workers are not saving enough for their future or to even cover emergencies and planned expenses that may crop up in the short term. According to the Federal Bureau of Economic Analysis, the average personal saving rate for Americans hovers around 5 percent –...
Saving as a Family
When you have a family, it seems like there is never enough money to go around and saving money frequently gets pushed aside. However, saving money can help stabilize your family’s financial life. Saving is putting money aside for future use and requires discipline...
Make Your Tax Refund Work for You!
Every year, the middle of April marks the end of the federal tax return filing season. For many Americans, that can mean seemingly endless forms, pay-stubs, and other paperwork. However, tax time can also be a unique opportunity for saving for your future! You can...
Education Savings is Simplified in 2018
The recent tax bill expands 529 savings plans to include expenses for elementary and secondary education. And, the annual gift tax exclusion has increased. This is big news for education savers – no matter how much you are saving! Congress wanted to make it easier to...
Is It Always Best to Pay Off Credit Cards Before Saving for Retirement?
Conventional wisdom says you should pay off your credit cards before saving for retirement. While it’s generally true you should pay off high-interest credit card debt as quickly as possible, there are a few situations where retirement savings should come first. Let’s...
Living at Home: A New Normal for Millennials
Living and Saving as a Millennial The generation of the internet age is one of the largest and most diverse in the U.S. Although Millennials have been defined by a relationship to technology, the generation has been steadily redefining adulthood. Millennials have...
Saving for Big Ticket Items
5 Easy Steps When Saving for Big Ticket Items Very few of us have money at the ready to cover an emergency, never mind the money for the big ticket items we’d like to purchase. This is why it’s that much more important to prioritize savings to cover both the items...
Cyber Security
We thought you should know a few things about Cyber Security. There is a big difference between https:// and http:// When you see https://, this means the information entered into the site is encrypted. Why is this important? Encrypting information...
5 Important Questions When Choosing Your New Home
Moving into your own place can be exciting and frightening at the same time. At Patterson State Bank, we suggest considering the following questions when choosing your new home. 1. How much money do you have saved for a down payment?Start with an evaluation of your...
Timesaving Benefits of Your Online Account
7 Top Timesavers to Help You Find More Time in Your Day! MOBILE APP lets you quickly check your balances, transfer money, monitor account activity, and more - all on the go and secure. TEXT ALERTS helps you keep track of your money with quick text message that notify...
6 Tips for Improving Your Credit Score
A crucial step of purchasing a home is ensuring that you have good credit history. At Patterson State Bank, we suggest the following 6 tips to improve your credit score. 1. Request a copy of your credit report and make sure it is correct. Your credit report...
