Older adults are increasingly the targets of scammers who use deception and fear tactics to convince the elderly to send money or provide personal account information. Make sure your loved ones are aware of these common type of scams.
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The importance of life insurance
Explore the important role life insurance plays in safeguarding your family’s financial future, the different policy types, and how to choose the right one.
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Is Buying a Home With a 20% Down Payment Standard?
A 20% down payment is anything but standard. Making a smaller down payment does involve some form of mortgage insurance (MI). Conventional loans are available with as little as 3% down.
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ITM – a new way to bank
ATMs can only offer so much. When you need to talk to a banking professional, that’s where the ITM shines. Simply select the option to talk to a live Bank Midwest employee and, in seconds, one of our employee-owners will appear on-screen to help you with your banking needs.
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Saving for a house and other financial considerations
Buying your first house is both exciting and frightening at the same time. When starting to save for your home down payment, consider all the implications that may affect the home financing process as well as your budget after moving in.
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Is a CD The Right Savings Vehicle For You?
A CD is an excellent way to start setting aside money for the future and benefit from the high yield interest rates.
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Robocalls: The good, the bad, and the illegal
Robocalls have become a frustrating and persistent problem for many people, with an estimated 46 billion robocalls made in the United States in 2020 alone. If you’re wondering why you’re getting so many robocalls and what you can do about them, read on. Why do you get so many robocalls? According to the Federal Trade…
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What is ransomware and how to stop it
Recklessness online may cause you to inadvertently install malicious computer software known as ransomware. Here’s how to prevent ransomware for businesses and personal devices.
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Building vs buying a house : What is right for you?
If you’re stuck between building and buying a house, ensure you have all the information you need before making your decision. Take a look at the pros and cons of both building and buying a house and inspect the price difference between the two.
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Buying a house in winter can have its advantages
With the exception of a few sun belt states, buying a house in the winter just seems off. The traditional time to go from listing to listing is spring and summer. But while things slow down this time of year, there are some hidden advantages to choosing winter as your buying season. In fact, experts…
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The pros and cons of giving gift cards during the holidays
Gift cards might be the perfect solution to finding a present for everyone on your list this holiday season.
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Revocable living trust – the trust everyone can use
A revocable living trust is practical for many individuals and families because it transfers assets in 3 areas: control, probate, and taxes. And, it’s one of the most effective estate management tools.
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Your back-to-college insurance guide
Consider insurance needs for your college student’s possessions, apartment or dorm room, and the car he or she takes to school.
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Credit Card Balance Transfers: What You Need to Know
A credit balance transfer is a potential solution that you can use to avoid high interest and pay off credit card debt. But you will need to use this method carefully because it doesn’t truly eliminate your spending history.
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What You Need To Know About Refinancing and Why It’s A Smart Financial Move
Current homeowners can also benefit from low mortgage rates by choosing to refinance their home. Ultimately, refinancing helps save money by paying less interest. The savings can be diverted into a retirement account, paying off debt or even pay more on mortgage payments to shorten the life of the loan.
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3 simple steps to boost your credit score today
You may find that your credit score, no matter your age, is not where you’d like it to be. Your credit score is important, and there are many ways you can increase it over the course of a few months.
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Health savings accounts, explained
What is a Health Savings Account or HSA? HSAs are tax-free investment accounts designed to help people pay for future medical costs, like deductibles and co-pays. It goes hand-in-hand with your health insurance coverage and functions like a checking account to pay for your health-related expenses.
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A whale of a fraud
Bank Midwest has been the target of a type of fraud attempt called whaling that is growing in popularity. Instead of going after small fish (individuals), attackers are beginning to target bigger ones like organizations. All companies, even small ones, must remain alert for this growing type of attack since there currently isn’t any type…
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Why you may want to avoid store credit cards
Store credit cards may sound like a great way to save money, but they may not be right for everyone.
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What to avoid when buying a home
The average homebuying timeline will vary for everyone, but yours could potentially be delayed if you make a handful of certain financial moves. Learn what to avoid when buying a home.
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