McLean, VA, Jan. 23, 2020 -- Freddie Mac (OTCQB: FMCC) today released the results of its Primary Mortgage Market Survey® (PMMS®), showing that the 30-year fixed-rate mortgage (FRM) averaged 3.60 percent.
First Security Bank & Trust and the Independent Community Bankers of America® (ICBA) are encouraging consumers to start the New Year right by establishing good credit habits and financial wellness goals to get on the path to financial prosperity.
Consumers spent more than $700 billion on holiday shopping in 2018. With this year’s holiday shopping season launching in full force, First Security is highlighting five tips to help consumers keep their holiday spending under control.
Everyone’s estate must be settled, whether or not the owner leaves a valid will.
The privilege of choosing an executor is, in itself, one of the significant advantages of making your will.
In a financial sense, the executor or personal representative you name in your will to settle your estate is your successor.
At First Security Bank & Trust, your financial security is our top priority. You may have seen some recent headlines about a security breach regarding payment information at Hy-Vee, Inc. grocery stores, and we want you to know that we have NOT heard of any of our customers’ information being compromised. We are monitoring this situation closely.
First Security was excited to welcome Charles City area educators back for the start of the 2019-2020 school year by serving them breakfast on Thursday, August 15th. Nearly 300 teachers and staff gathered in the middle school commons for breakfast, allowing them to catch up with one another before the start of the new school year.
The U.S. National Security Agency announced the formation of a new Cybersecurity Directorate earlier this week.
Effective October 1, the directorate’s mission will be the creation of a “major organization that unifies NSA’s foreign intelligence and cyber defense missions,” according to the agency’s website. It will be led by Anne Neuberger, the former NSA Deputy Director of Operations and Lead of the Russia Small Group.
Summer is nearly here, bringing a bit of rest and relaxation to hundreds of millions of people around the world. Workers eagerly anticipate summer vacations: 68 percent of Americans and 64 percent of Europeans planned a summer holiday in 2018. Vacations create special memories and experiences that we all cherish.
As college students prepare to graduate and begin their professional careers, First Security Bank and the Independent Community Bankers of America® (ICBA) want to remind them of the importance of planning for their financial future.
The time has finally come — the day when your child will leave home for college. It's the culmination of all your years of sacrifice, hard work, and preparation. And while it's exciting to think about this new phase in your child's life, it's not uncommon to become emotional and worried about the prospect of your child living without you. Here are some easy ways to prepare your child (and you) for the big moment:
“Grandma,” the voice on the phone said. “It’s your grandson. I’m in trouble.”
“Yeah. It’s Charlie.”
With that simple conversation, Edith was on the path toward giving thousands of dollars in cash to a scammer. Her “grandson” told her he ran into trouble with law enforcement in another state, that he had been arrested, and that he needed money for bail. The scammer was very convincing, and Edith went right to the bank to withdraw the funds.
The calendar has switched over to a new year, which means – among other things – tax season is here. In 2018, more than 79 million taxpayers received refunds at an average amount of $2,864. While it may be tempting to spend it all, there are many ways to put that kind of financial windfall to work for you.
It's been proven time and again; you don't have to be a business school graduate to run and manage a successful business.
It's supposed to be the most thankful time of the year. A time to enjoy quality time with friends and family and feast on delicious treats. Yet with the amount of cooking, cleaning, and planning, those in charge of hosting the annual Thanksgiving dinner celebration can feel exhausted, inadequate, stressed ... anything but thankful.
Freedom. It's one of the most attractive benefits of self-employment.
A recent survey conducted by TD Ameritrade found that millennials, on average, expect to retire at the age of 56. While the current average retirement age is 63 – and is expected to rise – this may seem like an unrealistic goal. First Security Bank & Trust recommends millennials put together a savings plan now to work toward their long-term goals.
There are so many things to love about being in your 20's; you have ample time to explore new and exciting career opportunities, and to build independence. You also have valuable time to do something that will be very important when you get older — build your wealth.
Some people retire on income from an employer-sponsored defined benefit pension plan. Employers that sponsor defined benefit pension plans are responsible for contributing enough to fund promised benefits.
U.S. Department of Labor data show a trend away from defined benefit plans and toward defined contribution plans, though. A key difference is that the employer bears the investment risks of a defined benefit plan. In defined contribution plans, employees bear the investment risks, and there is no guarantee that your defined contribution account balance will be adequate for your retirement.
There’s never a bad time to teach children financial responsibility, but it may be difficult to find unique ways to help them relate it to the real world. Did you know that you can use back-to-school shopping as a way to give children an interactive financial lesson?
When First Security first introduced Video Banking to customers, many wondered just where the Video Bankers were located. One Video Banker always joked that they were “inside the box” or working directly behind the screen. In reality, the Video Bankers work from Charles City where they remotely interact with customers and assist with their banking needs.
Since Video Banking’s inception at First Security, there have been many misconceptions about the new technology. Customers didn’t know that it was more than an ATM or that the Video Bankers were local people working inside the same building as all the other bankers and tellers in Charles City.
We’ve had a great kick off to summer events this season! First Security employees have been busy volunteering at many events and parades. A few of the events we have participated in just in the last couple weeks are Party in the Park in Charles City, Gran Festival in Hampton, Tuesday on the Town in Hampton, Floyd Fun Days, and Greene River Days.
Young people and those living outside of Charles City may not realize that May 15th marks an important anniversary for the Charles City community. 50 years ago, “at 4:50 PM nature shed its robes of spring glory and lashed out at picturesque Charles City with one of its most heinous brainstorms – a devastating tornado apparently unparalleled in Iowa history.