At Peoples Savings Bank, we are committed to helping our customers make smart financial decisions that support both their personal and financial health. One of the best tools available to help manage healthcare expenses while saving for the future is a Health Savings Account (HSA). An HSA is a special type of savings account that […]
Read More
As technology transforms the business of banking, it’s important to understand how these changes impact your financial security. Traditionally, consumers opened accounts directly with FDIC-insured banks, providing confidence that their money was safe. However, the rise of fintech companies has added new layers to consider. FDIC Deposit Insurance Coverage Opening a deposit account directly with […]
Read More
Traveling soon? As you prepare for your trip, it’s crucial to safeguard your finances and avoid potential money-related issues while you’re away. Here are some essential tips to help you enjoy a safe, worry-free journey: Determine your cash and credit needs: Avoid carrying large sums of cash, which can be difficult to replace if lost […]
Read More
Entering college or graduate school comes with financial decisions, especially regarding student loans. Understanding your options, borrowing wisely, and having a clear repayment plan are essential. Learn how to make informed choices and avoid common pitfalls with these helpful strategies. – Research Grants and Scholarships: Start with the FAFSA to explore federal aid opportunities. Determine […]
Read More
The FDIC’s January Consumer Newsletter offers strategies for achieving savings goals, emphasizing the importance of a specific savings plan. It encourages regular saving, promoting the concept of “paying yourself first” by setting aside a portion of earnings. The newsletter suggests automating savings through direct deposit and explores tax-advantaged retirement accounts with employer matching. It also […]
Read More