Determine What Type of Savings Account is Right for You
Saving money can be difficult - especially if you’re in school or just starting your career. Keeping a small nest egg in case of an emergency car repair, unexpected bills, or planning for a large, future purchase is a wise financial strategy. But getting started with...
How to Guard Against Identity Theft Without Relying on a Third-Party Tool
In light of the many high-profile security breaches at Equifax, Deep Root Analytics, and Yahoo over the last couple of years, it’s more important than ever to ensure your private information is kept as secure as possible. The unfortunate nature of these cybersecurity...
Feds Raise Rates: Growth Forecasted
As predicted, the Fed raised rates 25 bps to 1.25%. Bank of Bozeman increased some of our rates for deposits. The prime rate increased correspondingly to 4.25%, but long-term mortgage rates are at some of their lowest levels all year. So we have good news for...
Is the Stock Market Volatility Giving You Indigestion?
If you’ve been losing sleep over the past month's stock market volatility as you watch your stock portfolio gyrate, perhaps it is time to consider taking some of those funds and investing in your local community bank. Your savings are Federal Deposit Insurance...
Making Compound Interest Work for You
Compound interest is interest paid on interest already earned on a deposit or loan. Think of it as ‘interest on interest’. For those of you who struggle to pay off credit cards, compound interest is likely the culprit. Interest from the prior month is added to the...
Will the Feds Raise Rates?
Bankers get this question a lot – from customers, investors, and our bank boards. There are seemingly endless experts out there with an opinion based upon their assessment of the latest economic data, world events, and the psychology of the individual Fed governors....