Before you can make the transition from renting your home to owning your home, you will need to have a substantial down payment, typically 5 to 20 percent of the home’s value. The American Bankers Association suggests the following tips to help save for it: Develop a budget & timeline Start by determining how much […]
6 Tips to Save for Your Down Payment Read More »
Former Federal Reserve Chairman Alan Greenspan once stated, “Financial education is a process that should begin at an early age and continue throughout life. This cumulative process builds the skills necessary for making critical financial decisions.” At Ireland Bank we understand the importance of helping our community’s youth build a strong financial foundation so that
Money Management for Teens Read More »
What is a credit score? A credit score is a number that represents the risk a lender takes when you borrow money. Your credit score shows how likely you are to pay back money you borrow. Most credit scores range from 300 to 850. A higher credit score means you are predicted to be less
Understanding credit scores Read More »
Request a copy of your credit score report – and make sure it is correct Your credit report illustrates your credit performance, and it needs to be accurate so that you can apply for loans – such as a mortgage. Everyone is entitled to receive a free copy of their credit report from each of
Improve your credit Read More »
Romance scams are a growing concern that can leave individuals emotionally and financially devastated. These scams often begin online through dating apps or social media platforms, where scammers exploit the desire for love and companionship. According to the Federal Trade Commission (FTC), in 2023 alone, victims reported losing a staggering $1.3 billion to romance scams.
Understanding Romance Scams Read More »
What is an HSA? An HSA is a tax-advantaged savings account designed to help individuals with high-deductible health plans (HDHPs) save for medical expenses. The funds in your HSA can be used to pay for a wide range of qualified medical expenses, including doctor visits, prescriptions, dental care, vision services, and more1. Key Benefits of
Understanding Health Savings Accounts Read More »
So you can enjoy giving and receiving Gift cards can be a convenient present for the holidays and special occasions. While they seem simple, it is important that both the giver and the recipient read the details for each card to avoid any misunderstandings, and there might be additional policies set by the merchant or bank issuing
What you should know about gift cards Read More »
As of January 1, 2024, the bipartisan Corporate Transparency Act requires many companies doing business in the United States to report information about the individuals who ultimately own or control them. The law was passed to curb illicit finance and protect U.S. national security. Filing is simple, secure, and free of charge. Learn more about
Beneficial Ownership Read More »
Every day, thousands of people fall victim to fraudulent emails, texts and calls from scammers pretending to be their bank. And in this time of expanded use of online and mobile banking, the problem is only growing worse. In fact, the Federal Trade Commission’s report on fraud estimates that American consumers lost a staggering $10
Can You Spot a Phishing Scam? Read More »
As fraudsters evolve their techniques to find new ways to prey on consumers and small businesses, community banks like Ireland Bank have continued to serve as our customer’s first line of defense by following industry standards and procedures to protect electronic systems, data applications, and networks from interference. Our staff also undergoes routine cybersecurity training
Safeguarding Against a Cyberattack Read More »
