When Should You Start Banking Online With Your Kids?

March 16, 2022 by First Federal Bank

Part of your job as a parent is to prepare your kids for the future. One important component of their future is learning how to handle money. Yes, financial literacy can seem daunting and complex, but you can start small by introducing your young kids to simple concepts like saving money in an online savings account. Here is a guide to help you...

Topics: Personal Banking, Financial Education, Family

Checks and Balances: Balancing Your Checkbook

February 16, 2022 by First Federal Bank

Balancing a checkbook has been shorthand for financial responsibility for generations. While it’s always been presented as a laborious, unenviable task, keeping your money in order is fairly simple as long as you stick to a routine. Since so much of our world is now paperless and digital, balancing your checkbook is easier than ever.

Topics: Personal Banking, Financial Education

What Happens After You Pay Off a Loan?

January 05, 2022 by First Federal Bank

Paying off a loan comes with a sense of relief and satisfaction. But what happens after you pass this milestone? You’ll have a few loose ends to wrap up — and some big advantages to pursue. Here are a few points to keep in mind once you’ve made that final payment:

Topics: Personal Banking, Financial Education

Online Check Deposit Basics

August 11, 2021 by First Federal Bank

Finding time to visit your financial institution during business hours to deposit a paper check isn’t always easy. Fortunately, you might have access to a 24-hour online check deposit option. If you have a smart device with a camera and a Wi-Fi or mobile data connection, this is a fast, convenient, and secure way to deposit funds into your account.

Topics: Personal Banking, Financial Education

Is a Construction to Permanent VA Loan Right for You?

July 23, 2021 by Wendy Hilton

A VA loan is one issued by private lenders and backed by the U.S. Department of Veterans Affairs. It can help U.S. active duty service members, veterans, and widowed military spouses buy a home. VA loans are popular, because they offer a no down payment option and do not require mortgage insurance. They can be easier to obtain than a conventional...

Topics: Personal Banking, Family, Homeowners

How Much Truck Do You Really Need?

July 05, 2021 by First Federal Bank

If you’re shopping for a truck, you have no shortage of options available. Almost every major brand on the market sells some kind of pickup, and many automakers offer multiple trucks. The best way to narrow down your choices is to ask yourself how much truck you need.

Topics: Personal Banking

When to Hire a Financial Planner

July 05, 2021 by First Federal Bank

No matter where you are in life, handling your personal finances can be a complicated and overwhelming task. One way to get the advice and assistance you need is to consult with a financial planner. These professionals are trained and certified to give you expert advice on how to make the most of your money. If you’re not sure whether seeking out...

Topics: Personal Banking, Financial Education

Using Automatic Bill Pay

June 02, 2021 by First Federal Bank

Do you ever feel like you’re spending too much time paying bills, juggling account passwords, and keeping track of due dates? If so, you can reclaim some of that time by automating some of your predictable, recurring bill payments. Here’s a look at the benefits and drawbacks of using automatic bill pay:

Topics: Personal Banking, Financial Education

What is a Bridge Loan?

May 28, 2021 by First Federal Bank

A bridge loan is a short-term loan used to provide immediate cash flow when financing is impending but not available right away. Bridge loans are sometimes also known as swing loans, gap financing, or interim financing. Homeowners typically use these loans to cover the cost of new property before they can sell their current house.

Topics: Personal Banking, Homeowners

CD vs. Savings Account

May 26, 2021 by First Federal Bank

Whether you’re putting aside funds for a rainy day, or a sunny summer vacation, saving money is an absolute must. When it comes to how you save, two of the most popular options are savings accounts and certificates of deposit. The best way to determine which choice is ideal for your situation is to understand the benefits of both.

Topics: Personal Banking, Financial Education

The content on this site is intended for informational purposes only and should not be considered accounting, legal, tax, or financial advice. First Federal Bank recommends that customers conduct their own research and consult with professional legal and financial advisors before making any financial decisions. Links to third-party websites may be provided for your convenience; however, First Federal Bank does not guarantee the reliability, accuracy, or safety of the information, products, or services offered on these external sites. We are not liable for any damages resulting from the use of these links, and we do not investigate, verify, or endorse the content or opinions expressed on any third-party sites.

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