If you have a mortgage, you’ve likely heard the term “escrow account.” It’s a common part of the homebuying process, but many homeowners aren’t entirely sure how it works, especially when it comes to paying property taxes. Understanding this process is key to managing your home finances effectively and avoiding any unwelcome surprises from your…
Life moves fast. Between work commitments, school runs, errands, and precious family time, finding a spare moment to manage your finances can feel impossible. If you’ve ever tried to follow a rigid budget only to feel overwhelmed, you are not alone. Many traditional budgeting methods seem designed for a world with more free time than…
Applying for a mortgage is a significant financial milestone, but for many homebuyers, it has also been an open invitation for a flood of unwanted calls, texts, and emails. This frustrating experience is about to change. A new era of mortgage privacy is on the horizon, thanks to the Homebuyers Privacy Protection Act, which was…
Navigating the Minnesota real estate market can be daunting, especially for first-time homebuyers. With increasing housing prices, limited starter home options, and economic factors influencing mortgage rates, understanding the market dynamics is critical. To shed light on these challenges and offer expert advice, KWLM sat down with Doug Frazzini, Capital Market Specialist at Heritage Bank,…
For many small business owners, securing the right financing is essential for growth and long-term success. Whether you’re launching a startup, purchasing an existing company, expanding operations, or investing in equipment, Small Business Administration (SBA) loans offer flexible funding options to support your goals. As Jeremy Goltz, Relationship Manager at Heritage Bank NA, discussed on…
At Heritage Bank, our mission is to help you make the most of your money. Recently, KWLM sat down with Jon Liesener, Banking Apprentice, and Mandy Fleming, Market Manager, to discuss smart financial resolutions. Their expert tips will help you save money and use high-interest checking accounts. This will guide you to financial success in…
Improving and maintaining a good credit score isn’t just a financial goal—it’s necessary for anyone planning a significant purchase, like buying a home or a car. Yet, many of us don’t fully understand the factors that impact credit scores or how to improve them effectively. That’s where Brandie Wenham, a seasoned credit expert and private…
Struggling with a low credit score that is keeping you from getting a mortgage? You’re not alone. Many people find themselves in a similar situation, but the good news is that improving your credit score is entirely possible. This blog will walk you through 5 simple and effective ways to help raise your credit score…
Are you trying to maximize your healthcare budget while maintaining access to quality care? Health Savings Accounts (HSAs) could be the solution for you. They offer substantial financial advantages and allow more flexible and affordable access to various medical services. But what is an HSA — and how does it work? Learn about HSAs: eligibility,…
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…
Making the most of your finances requires looking for creative solutions to maximize your money. Knowing which is the best choice for your financial situation can be challenging with so many options. This Rewards Showdown post will discuss the differences between Interest Checking and Rewards Credit Cards. We’ll explore the advantages of each and give…
Wondering why Adjustable Rate Mortgages (ARMs) are popular? While ARMs come with some risks, they can be a smart move when interest rates are on the rise. Let’s explore how an ARM works and why it might be the right choice in the current housing market. What is an adjustable-rate mortgage? An ARM is a…
Do you ever feel like your business checking account is making life more complicated than it needs to be? From high fees and limited accessibility to inconvenient hours and multiple trips to the bank – it’s easy for even the savviest of business owners to get frustrated. Read on for 3 key reasons why your…
In the current rising interest market, with a low inventory of houses, it’s common for houses to get multiple offers. As a potential buyer, how do you make your offer stand out? The answer isn’t always to make sure you have the highest offer. Read on to learn tips from an experienced Realtor and a…
Looking for a reliable and convenient online checking account? Discover our eCentive checking account! We are proud to announce that it has just been named the best online checking account of 2023 by WalletHub. With competitive interest rates, access to physical bank branches when needed, secure digital services, and customer support, our eCentive checking account…
Is the Common Savings Account Obsolete?
It is no secret that the common savings accounts aren’t as atractive as once before. Because of the many various alternatives out there, people are questioning whether a savings account is really the best way or plan to save money. At Physician Bank, while we continue to provide conventional savings accounts, we have some good alternatives, and we want to {help you find the correct solution that best aligns with your need. So, if you are wondering if the common savings account is dead, you don’t have to be concerned – at Physician Bank, you’re covered!
