Helping youngsters learn about money and various types of financial matters will aid in setting those kids up for to experience a better financial situation as they age. Financial independence is becoming extremely important in a world where just the basics are...
“Small businesses are the heart of a community. They build jobs, opportunities, and local pride. Every great small business – from the owner of a corner café to the hardware store that is family-owned – starts with a dream. But turning that dream into reality often...
It is a known fact that life is an unpredictable journey. Unanticipated circumstances that result in financial emergencies are known to occur at any time during that journey. Unexpected medical bills, property damage, vehicle repairs, and accidents can and will result...
Today, there are two different types of IRA accounts. These are the Traditional IRA and the Roth IRA. While it is true that the requirements of each of these types of IRA do differ, the decision to invest in one or another heavily depends upon your income level....
Now that the interest rates of credit cards are at an all-time, record high, it is easy for holders of these cards to end up spending hundreds and even thousands of dollars each year on finance charges. The debt that is capable of accumulating is very expensive. In...
In recent years, the business of banking has continued to grow and evolve. Traditionally, consumers will typically open an account directly with a bank. They may do it in-person, on the website of the bank, or on the bank’s mobile app. If you are interested in or use...
Somerville Bank has 8 Locations