Banking Terms You May Find Useful

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The following are some general terms and definitions that can be used to help you better understand your personal finances.*
 

APY: (Annual Percentage Yield) Denotes the total interest that could be earned if the funds remained in the account for a year. Most commonly used on savings accounts, CDs, and other interest bearing accounts. Does not require deposits to remain in account for a year to accrue interest (financial institutions may calculate earnings monthly, quarterly, etc.)… ATM: (Automated Teller Machine) Accessed with use of your financial providers debit or credit card…

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Am I Financially Literate?

a piggy bank wearing glasses illustrating smart banking

You don’t have to have a degree in finance or economics to become financially literate. Across the nation efforts to help empower consumers to become more financially literate have been popping up in schools, and even by financial institutions themselves. But what exactly does “financial literacy” mean…

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Resourceful Sites To Help You With Your Personal Finances

Here are a few sites I thought would be great to share. Keep checking in to see what new sites I’ll be adding to the list. Also, please remember while I think these are great resources, airbanking does not endorse any of the organizations that provide these resources. Continue reading

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