January 2019 - Somerville Bank

Christmas Club Accounts – A Great Way to Save for the Holidays and Avoid Holiday Debt

January 21, 2019

A Christmas club account – or “holiday account” – is a specially-designed, short-term savings account that allows you to deposit funds at regularly-scheduled intervals throughout the year and withdraw those funds in the last quarter of the year to spend on holiday-related expenses. Individuals that elect to open this type of account earn interest […]

New Year, New Money Habits. Step Up Your Money Goals in 2020.

January 7, 2019

Now That the New Year is Upon Us, It’s Time to Create New Money Habits. Now that it’s the beginning of 2020 it’s a great time to start. It is a common fact that as we transition into a New Year, we experience the urge to engage in new beginnings and fresh starts. Resolutions abound, […]