The holiday season is often thought to be the happiest time of the year. Unfortunately, during the holidays, many criminals see the hustle and bustle of the season as an opportunity to trick you into unknowingly providing your bank account information and/or personal data. To ensure you don’t let bad actors ruin your holiday fun, First Bank is providing six tips to keep in mind this season.
First Bank's Wealth Management advisors help clients avoid three common behavioral biases that can lead to poor investment decisions and aim to align strategic plans with short and long-term goals, risk tolerance, and life stage.
Here are some things to consider as you weigh potential tax moves before the end of the year. The window for most tax-saving moves closes on December 31, so don't procrastinate.
You might have heard of the term compound interest before and the benefits it can have on your finances. A compound interest account is any account that pays you interest on your principal and interest, not just your original deposit.
The Federal Reserve's Federal Open Market Committee (FOMC) lowered the benchmark federal funds rate one-half percentage point. It was the first rate cut since the Fed raised the funds rate aggressively from March 2022 to July 2023. The long-awaited policy shift suggests that a soft landing — the rare feat of bringing down inflation without causing a recession — is in sight.
CD laddering is the process of spreading cash across various CD maturity terms and rates. Learn more about CDs and laddering to elevate your savings strategy.
Regardless if you’re just starting out, starting over, or are somewhere in between, it’s important to include saving for the future as part of your financial plan. Designed to safeguard your money until you need it, a savings account is a secure place to deposit your money while building up your savings over time.