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 …

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 …