Concept of the Month

Concept of the Month: Interested in Interest?

Natasha Rea Bank Leave a Comment

Saving your money with compound interest is just like planting seeds and watching them grow! Interest is free money the bank gives you for having your money in the bank. Compound interest is free money the bank gives you in addition to the money they already added quarterly (every 3 months).  Regular Interest: Simple interest is based on the principal amount …

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 …

Concept of the Month

Concept of the Month: Nine Common Tools for Investing

Natasha Rea Bank Leave a Comment

Bonds, CDs, futures, oh my!  There are so many investing terms out there, it’s hard to know what’s-what.  This month, we break down nine common tools to help you understand what investing is all about! Bonds A bond is an IOU. By buying bonds, the bondholder lends money to a company or a government. In return, the borrower promises to …

Concept of the Month

Concept of the Month: Be Your Own Boss

Janet Redwine Bank, YouthBiz Leave a Comment

Be your own boss, start your own business, create your own invention! You don’t have to be an adult to start your own business. Take a look at these kids who started their own businesses and entered our Spotlight on YouthBiz Stars competition in 2018: Liam Lennon, age 12, Owner of The Lucky Penny Emily Rudnick, age 15, Creator of …