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 …

Money jar

Resolve to Talk About Money With Your Kids This Year

Janet Redwine General 1 Comment

The events of the last year have had a financial impact on families across our country, regardless of income.  The Bureau of Labor reported a 6.7 percent unemployment rate in December, and The Commonwealth Fund estimates that 7.7 million people lost their jobs between March and June.  CNBC reported in September that 60% of businesses that temporarily closed because of …

Happy New Year from Young Americans

Rich Martinez General Leave a Comment

Happy New Year from Young Americans Bank and Center for Financial Education!  We are so excited for the new year and remain committed to our mission of ensuring youth receive the knowledge to become financially self-sufficient, more productive citizens, and active participants in our free enterprise system. I am extremely proud of the Young Americans team for the work that …

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 …

Concept of the Month

Concept of the Month: Let’s Take a Money Adventure!

Natasha Rea Bank Leave a Comment

You may already know some interesting facts about our own U.S. currency, such as:  $ The people and symbols that appear on our currency  $ The materials our coins and cash are made of  $ The shapes and sizes of our coins and cash  But how much do you know about money from other countries? Foreign currency can be very …