Jan 22, 2018
In 2017 alone, the Federal Reserve increased the interest rate not once, twice, but a total of three times. As a result of this fact, the interest rates associated with credit cards is expected to increase. “Credit is a system whereby a person who can’t pay, gets...
Jan 8, 2018
At the start of the New Year, we here at Somerville National Bank acquired a State Charter. We are now pleased to announce that we are now Somerville Bank. Essentially, this means that we are authorized for the state, by the state and we are capable of engaging in...
Dec 26, 2017
According to information released in November of 2017, the average household in the United States has $6,662 in credit card debt. In addition to this, it has been estimated that the consumer who uses a credit card for holiday shopping spends in excess of $1,000. As a...
Dec 18, 2017
According to the yearly consumer survey by the National Retail Federation, holiday spending in 2017 will increase from an average of $936 to an average of $967. That is a 3% increase from spending averages in 2016. Many individuals find that it is easier to utilize...
Dec 11, 2017
It’s the holiday season and consumers everywhere are looking for great gifts at low prices! Do you have your eye on a large refrigerator/freezer complete with ice maker and filtered-water dispenser? Perhaps a large-screen 3-D TV is on the family wish list....
Dec 4, 2017
In recent years, a large number of credit card companies have been engaging in the act of cross-selling add-ons. In most instances, these are identified as “protections” that assist the credit card holder in the event of a financial hardship, such as the development...
Somerville Bank has 8 Locations