Financial Tips & Digital Banking Insight

What is the difference between APR and APY?

APR (Annual Percentage Rate) and APY (Annual Percentage Yield) are two different ways of expressing interest rates and are commonly used in the context of financial products such as loans, credit cards, and savings accounts. While they sound similar, they represent different aspects of interest...

What is a credit score?

A credit score is a numerical representation of an individual's creditworthiness. It is a tool used by lenders, such as banks, credit card companies, and other financial institutions, to assess the risk of lending money or extending credit to a person. The credit score is generated based on...

Why Is It Important to Know Your Credit Score?

No doubt, credit scores play a crucial role in your financial life. From helping secure a loan to getting you the best interest rates, your credit score is an important factor in determining your financial health. But guess what? As of 2019, nearly 40% of Americans didn’t know their credit score,...

Comparing Your Favorite Mobile Payment Services: Zelle vs. Venmo vs. Paypal

According to a report by Global Newswire, the global P2P (P2P) market size is expected to reach over $9,135 billion by 2030. The growing use of the internet for online purchasing is expected to propel the growth.

10 Low Cost Cities to Consider Moving to In the U.S in 2023

The cost of everything is a hot-button topic nowadays, so it is no surprise that people are looking to do anything to save a little cash, even if that means relocating. Relocating comes with many added expenses, so you will have to save quite a lot in the cost of living to make it worthwhile.

10 Companies That Will Pay You For Spreading Positive Word of Mouth

It's always good to help a friend, but it's even better when you get something in return. Many shy away from referral programs because they feel like they need to become salespeople or they think the offer is too good to be true. The truth is that a referral program is just a company's way of...