Concept of the Month

Concept of the Month: Credit Smart

Natasha Rea Bank Leave a Comment

Credit is important in today’s world.  We use credit cards to pay for purchases, and we must have credit to be able to take out a loan from a bank or financial services institution.  This month, Young Americans Bank helps you learn all about credit! What is Credit? Credit is the borrowing of funds with the intent of paying them …

Concept of the Month

Concept of the Month: Slow and Steady Wins the Race

Natasha Rea Bank Leave a Comment

The Early Investor Catches the Worm You may have heard the saying that “time equals money” or “money equals time.”  But, do you know what that means?  In the world of investing, the earlier you start investing, the more money you’re likely to have at the end.  In short, the longer you invest, the more money you’re likely to earn. …

Concept of the Month

Concept of the Month: Time, Talent, Treasure

Natasha Rea Bank Leave a Comment

Are you looking for a way to give back this holiday season?  This month, Young Americans Bank has some ideas for how YOU can be a philanthropist!  That’s a big word that means sharing your time, talent, or treasure to make your community a better place.  It’s not as hard as you might think! Time It takes just a moment …

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 …