In today’s world, every penny counts. But did you know that your bank could be doing more for you? You might be surprised to learn that there are several ways to squeeze more passive income out of your existing accounts. Here are 9 strategies to turn your bank into a money-making machine: 1. Interest Checking…
How do I switch banks? If you’re like most people, you’ve probably experienced a bank with poor customer service. If repeated offenses occur, you will consider switching banks. Knowing how to switch banks will make the process much easier. Switching banks might seem daunting, especially if you’ve been with your current bank for a long…
Discover the benefits of direct deposit at Heritage Bank NA. Streamline your payday and enjoy enhanced security and convenience with your checking account. In this post, you’ll learn how direct deposit can simplify your banking experience and provide peace of mind for you as an employee or a small business owner. Let us show you…
You’ve made a plan to pay off your credit card debt. Great! Now how do you go about keeping track of your progress? As a customer of Heritage Bank NA, you have access to our free myMoney tools in digital banking. By connecting your credit card – even if it’s through another financial institution –…
Is credit card debt on your mind? You’re not alone. Credit card balances increased by $45 billion in the second quarter of 2023, according to the Federal Reserve Bank of New York’s Center for Microeconomic Data. Looming credit card debt can put a damper on your financial goals. Paying down that debt is a crucial…
Heritage Bank has started offering a Customer Education Series called GROW. The series will cover a variety of topics that are aligned with our purpose, to help people succeed financially. With the GROW series, we intend to provide something that is truly unique among financial institutions, reinforcing our reputation as trusted advisors for our customers.…
What is an Individual Retirement Account (IRA)? An individual retirement account (IRA) is a tax-advantaged investment account that individuals can use for retirement savings. There are several types of IRAs, such as traditional, Roth, SEP or SIMPLE. Contributions to some IRAs may be tax-deductible or withdrawals may be tax-free. Why invest in an IRA?…
Wherever you are on your path towards financial independence, it’s important to think about what would happen to your financial accounts if you were unexpectedly pass away. It seems like a morbid thought, but planning for the well-being of your family is essential. Even if you don’t yet have a spouse or children, thinking ahead…
To break it down, APY, or Annual Percentage Yield, is the interest you earn on money stored in a savings account, while APR, or Annual Percentage Rate, is the interest you owe when you borrow from the bank. It’s important to know the difference between these two key terms as they impact your finances, especially when investing or taking…
The employee-owners at Heritage Bank are just as invested in your community as you are! We take pride in being the bank of choice in the communities we serve. Whether you are looking to buy a new home, or you want to refinance your existing mortgage for equity or rate reasons, let the Midwest Home…
