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What Is an Interest-Bearing Checking Account?
Because they are intended for short-term deposits and paying day-to-day living expenses, checking accounts typically do not generate interest: money the bank pays to the account holder in consideration of borrowing their money. Savings accounts, which are designed for...
Introducing Ease Rewards Checking by Sherburne State Bank
Do you want to earn interest on the money you keep in the bank – but can't be bothered to transfer funds back and forth between your savings and checking accounts? Thanks to Sherburne State Bank's Ease Rewards Checking, you can! Our newest program combines the...
Home Buying in a Higher Interest Environment
“Real estate cannot be lost or stolen, nor can it be carried away. Purchased with common sense, paid for in full, and managed with reasonable care, it is about the safest investment in the world.” – Franklin D. Roosevelt Here are the median sales prices for...
Are Community Banks Safe?
The recent failures of multiple high-profile financial institutions such as First Republic Bank and Silicon Valley Bank may have left you feeling uncertain. If a major interstate bank with hundreds of billions of dollars in assets can fold so suddenly, what's to stop...
How to Finance Startup Costs for a Small Business
Maybe you have a revolutionary business idea that's going to change life as we know it. Or maybe your idea for a business has already been successfully implemented countless times before – and you have the skills and the initiative to make it your living, too. It...
Electronic Banking and Mobile Banking
Banking has implemented electronic technology for quite some time now. Although they weighed over 30 pounds, the first all-electronic calculators found homes on many bankers' desks. The SWIFT payment network, which enables secure electronic transmission of information...
Benefits of Savings Accounts and Money Market Accounts
A checking account will make your money just as readily available as if you had chosen to store it in your wallet. But like the cash in your wallet, the money you keep in a checking account typically will not earn interest. Stocks and bonds are both...
How to Finance a Pleasure Vehicle
The freedom of taking to the open road on a motorcycle. The thrill of traversing the countryside on an ATV or snowmobile. The satisfaction of knowing everything you need for your road trip is right alongside you in your RV. These are all priceless feelings – but you...
How to Keep Your Money Safe While Traveling Abroad
Every Minnesotan loves two things: Minnesota in the summertime, and leaving Minnesota during the winter. Once the cheerful holiday season passes and the long, interminable gloom of January and February sprawls ahead, many of us vacation to places where rum punches are...
How to Save Money for Holiday Shopping
The most wonderful time of the year doesn’t start at the end of December. It begins a few months earlier when you cut back on spending in an attempt to get your loved ones every gift you can buy. It’s a financial challenge for many people, but somehow we all still buy...