Skip to main content
_FB_2018-Icons-finalized-cleaned-up_new_FB_2018-Icons-finalized-cleaned-up_newGroup 9
Back
Scroll to top

High Yield Savings Accounts in South Carolina

Personal Finances 2 min read

Ready to talk to an expert?

It’s no secret that travel can make you happier, but did you know that it can also improve your social skills, help you accomplish goals, make you more patient, and improve the quality of your relationships? If you want to travel but aren’t sure how you’re going to pay for it, consider a high-yield savings account with First Bank in South Carolina. A high-yield savings account can help you save up money for a weekend getaway, and earn interest while doing it.

Save for a Vacation with our High-Yield Savings Account

Do you want to go on a vacation, but aren’t sure where you would go? Here are five popular cities to travel to:

  • New York – What would a trip to New York be without seeing the Statue of Liberty, making your way to the top of the Empire State Building, walking through Central Park, or visiting Times Square?
  • Philly – Don’t miss your chance to visit art museums, historical monuments, and places like the Liberty Bell, the Franklin Institute, the Eastern State Penitentiary, and the Reading Terminal Market.
  • Washington, DC – Take a weekend to travel to our nation’s capital and learn more about U.S. history at the Smithsonian, the Washington Monument, the Lincoln Memorial, and the Museum of Natural History.
  • Chicago – Visit Willis Tower, catch a game at Wrigley Field, or take classic picture by The Bean (Cloud Gate) in Millennium Park.
  • Dallas – If you end up visiting Texas, make sure you spend a day at the Houston Space center and Houston Museum of Natural Science. Don’t forget to spend some time eating great Texan cuisine, like the famous barbecue.

Visit First Bank Today

A First Bank high-yield savings account can help you save money to get to any of these destinations. Stop by your local South Carolina branch to open an account today.

———-

Sources:

Travel Triangle: https://traveltriangle.com/blog/traveling-makes-you-happy/

Ready to talk to an expert?

Share:
First Bank’s Good To Know Logo
Sign up for our newsletter and be the first to know about new tips, insights, and products from First Bank.
First Bank may use this email address to contact you about products, services, and promotions.

You may be interested in...

How Much Should You Have In Savings at Age 25? If you’re wondering how much you should have in savings by the time you’re 25, you’re already on the right track. At an age where financial independence becomes increasingly more important, how much you can save depends on a number of factors, including income and debt. Savings at Age 25 Many experts agree that most young adults in their 20s should allocate 10% of their income to savings. One of the worst pitfalls for young adults is to push off saving money until they’re older. If you begin at 10% and find that you still have money left over by the time you receive your next paycheck, you may be able to comfortably increase the amount you’re saving per month. You should also consider saving for retirement. CNN Money offers retirement savings suggestions based on your income level: Income Amount Saved Per Year $40,000 $4,000 $65,000 $6,500 $90,000 $9,000 $115,000 $11,500 Financial Goals to Make Saving Easier As nice as saving 10% may sound, there are other factors that can impact to how much you may actually be able to save, including necessary expenses and debt. Here are some milestones that can help you save money each month and help your credit and future purchases: Pay off auto loans, credit card debts and other consumer debts as soon as possible. This does not include student loans and mortgages. You’ll want to focus on the higher interest debt first. Save three months’ worth of living expenses in case of job loss or emergencies. This will allow you to create an emergency fund in case you encounter unexpected financial hardships. Start investing your money in stocks, real estate or bonds. One of the easiest ways to do this is to take advantage of a 401(k) or other retirement fund offered by your employer. Often, employers will match your contribution, so this is a good way to maximize your investment and make it grow quickly. Visit a First Bank Location Today Regardless of your age, it’s important to make savings a priority. If you’re in your 20s and getting started, it can help to have some professional advice. To learn more, turn to the financial advisors at your local First Bank.* We help 3 min read
FHA Loans vs. Conventional Loans: How to Tell the Difference Overwhelmed with the prospect of buying a home? FHA loans and conventional loans are likely two sources of financing that you’ve considered. Let First Bank help you understand these options and come to a conclusion about which best suits your needs and budget. After all, choosing the right loan is key for timely, affordable payments. Choose the Right Loan with First Bank If you’re a first-time homebuyer or interested in purchasing your second home, there are different qualifications for each loan you should consider: FHA loans—The FHA, or Federal Housing Administration, provides mortgage insurance on loans made by approved lenders. Single and multi-family homes in the United States (and U.S. territories) can qualify. First Bank can help put you on the right track to securing one of these loans. The advantages of an FHA loan can be: Owing a lesser down payment, as low as 3.5%. Enjoying quicker eligibility following a major credit issue such as bankruptcy or foreclosure. Allowing a co-applicant to help you get the loan, even if you don’t live in the same household. Conventional Loans—A non-government insured loan that can be used with a second home purchase or an investment. Unlike FHA loans, conventional loans can require a higher credit score (often a minimum of 640), but they can have some major advantages for you. Conventional loans can allow: A risk-based premium, unlike FHA where one set premium rate is required from everybody, MI if applicable. Your monthly payments to be lower, even if you have a higher interest rate. Your loan to cover a higher loan amount. You to cover different types of loans like, investment or second home (FHA doesn’t do those types). When considering an FHA loan versus a conventional loan, keep in mind that conventional loans are not affiliated or insured with the government like FHA loans. Additionally, an FHA requires mortgage insurance and conventional loans do not, unless the LTV exceeds 80%. There is an upfront MI premium (1.75%) that is required on FHA loans that is not required on Conventional loans. For a more detailed look at FHA loans versus conventional loans, or assistance with applying, call or meet with your local mortgage loan professionals. *Loans subject to credit approval. 3 min read