Coins with clock

Compound Interest: How Your Money can Work for You!

Owen Lennon Bank Leave a Comment

“Time is money” is a familiar expression. When it comes to saving, a plan where you start with less money early will often have greater ultimate value than saving larger sums later. The additional time matters because of compounded interest, a concept that is known as the time value of money. One of the best financial habits you can form …

Welcome New Board Members!

Janet Redwine Bank, General Leave a Comment

Young Americans Bank and Center for Financial Education are honored to welcome six new Board Members this year to help lead our organization.  Their experience and passion are such an asset to both institutions, and they are already hard at work providing guidance, support, and oversight.  Meet all six Board Members below!   Chris Becze, Armanino As Tax Partner at Armanino, …

Concept of the Month

Concept of the Month: Savvy Shopper

Natasha Rea Bank Leave a Comment

The holidays are quickly approaching, so today Young Americans Bank brings you our tips for savvy shopping!  Whether you’re looking for the perfect gift or you’re looking to spend some money you’ve been gifted, these tips will help you save money. Think before you buy Do you really need this? Is this the one you want and will you still really, …

A Dream Job at Young Americans Bank

Janet Redwine Bank 4 Comments

For Loan Officer Natasha Rea, working at Young Americans Bank is her dream job.  She just became the Bank’s new Loan Officer, so I sat down with her to learn more about her passion for youth financial education.  You could argue that Natasha Rea grew up at Young Americans Bank.  Her mother worked in the Accounting department, which meant that Natasha became knew the Tellers …

Concept of the Month

Concept of the Month: Debit versus Credit

Natasha Rea Bank Leave a Comment

These two words sound similar, but in fact they are very different: debit and credit.  This month, Young Americans Bank introduces these two concepts to help youth understand what they are and how they are used in the banking world. Credit The term credit relates to borrowing.  When using a credit card, you borrow money from the credit card company to …

FDIC sticker with piggy bank

What is the FDIC?

Janet Redwine Bank Leave a Comment

It’s hard to step foot inside a bank without seeing the letters FDIC.  And that’s for a good reason!  The FDIC, or Federal Deposit Insurance Corporation, is an independent agency created to keep customer money safe.  Today’s blog will explore how the FCID came to be and why consumers can trust banks that are members of the FDIC. In the …