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 …

From Candy to Concept

Young Americans Center for Financial Education Bank Leave a Comment

It starts with candy… A trip to Young Americans Bank involves many things for a young customer: making a transaction, grabbing a piece of candy, learning a new money fact, getting a Passbook stamped, and probably taking a pull on the money weights. Talking to your kids about money while in the bank is easy. It gets a lot harder …