Hey! Thinking about saving for the future? Here are three alternatives to a traditional savings account:

1. A Money Market Account is a savings account with check-writing capabilities. They tend to feature higher interest rates than standard savings accounts and may require a higher minimum balance.
2. A Certificate of Deposit is a deposit held for a specific amount of time. The financial institution pays interest to the holder during that time period. They tend to have higher interest rates than savings accounts, but ...

Hey! When starting your own business, one of the most important things to consider is the finances. Not just what you earn or how you spend the money, but also where the funding for your business will come from.

When it comes to business funding, there are two main types: debt funding and equity funding.

Debt funding is, essentially, a traditional loan with interest. This type of funding allows for quick capital access, but the loan will have to be repaid regardless ...

Hey! Did you know that stress from money management is one of the biggest causes of things like employee turnover, absenteeism, accidents, disengagement, and poor performance?

The good news is there are a variety of financial education tools for employers to offer to employees.

One of these is the Southern@Work Financial Wellness Program through Southern Bank.

This program provides a customizable financial education plan for your employees and includes a suite of financial benefits and in-person training.

The goal with this program is to ...

Hey! If you’re on the hunt for a financial advisor, here are some tips to keep in mind.

Number 1. Pick one that fits your style. Online advising services tend to offer simplified, cheaper investment management, whereas traditional advisors have passed a certification and may have a focused specialty. They are typically more expensive but provide a more comprehensive financial plan.

Number 2. Review your needs. A customized financial plan is very helpful, especially if you have a complicated financial situation or ...