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Build Your Emergency Fund

Think Twice about that Twenty

Have you bought one or two things last month that you didn’t need? Most people will admit to the occasional impulse buy. But what if you thought twice about those unnecessary purchases? Instead of paying $20 here and there for something you don’t need, pay yourself by putting the $20 into a savings account instead. Saving just $20 each paycheck could add up to more than $500 in a year* – and you probably wouldn’t notice the difference.

Cutting back on unnecessary spending is a great step toward building an emergency fund. Most experts recommend setting aside three to six months’ worth of living expenses in case a sudden financial burden arises – loss of a job or car problem, for example. Having money saved can help protect you from taking on debt if the unexpected happens.

We Can Help You Save

Ready to build your emergency fund? MutualBank has the tools you need to reach your savings goals – whether you can deposit a little or a lot.

Basic savings account – Our interest-earning savings account has little to no fees and is a great way to start saving for your financial goals with any amount. Sign up for direct deposit or automatic transfers from your checking account.

Money market account – Your savings will add up quickly with one of these higher-interest-earning accounts. While there is a minimum balance requirement, there are a variety of options to best meet your needs while earning a higher interest rate.

Certificates of deposit (CDs) – We offer flexible certificates with a variety of terms.  Unique to MutualBank is a Clockwork CD that requires a minimum deposit weekly, biweekly or monthly as a convenient way to save.  We have a CD that’s right for your savings plan.

To get started, contact a MutualBanker today at 800-382-8031 or open your account online. Go Ahead…live a better life.

Don’t forget: Why not save money by avoiding unnecessary fees? Sign up for overdraft protection, and remember to pay yourself with the money you save.

* With biweekly paydays.

Contact a Representative Today

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  • Heartbleed Details

    The OpenSSL Heartbleed vulnerability has been in the news...

    Tuesday, April 15, 2014

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Personal Banking Security Measures for the 21st Century

clientuploads/21st-Century-Securitysquare180.pngMany of us are constantly connected to the online world these days. This means that the potential is there for our computers and personal information to be compromised which greatly increases the risk of ID theft and financial fraud to occur. However, by taking some basic precautions you can significantly reduce the risk of your computing environment being compromised. Following these simple guidelines should help your computing environment become more secure:

Keep your computer and software up-to-date

Keep your computers and network equipment secured with the latest software updates and enable automatic updates whenever possible.  This includes updates to third party applications such as Java and Adobe Products.  

Use hard drive encryption

In the event your machine is lost or stolen, drive encryption can prevent others from accessing the data on your hard drive.  The purpose is to encrypt or scramble your data on your machine so that it can only be read with your encryption key.Many operating systems offer drive encryption.  Microsoft offers Bitlocker and Apple has FileVault. There are also other third party encryption offerings.   

Enable your firewall

Think of the firewall to your computer as the fence around your property.  If there were multiple holes cut in the fence, it wouldn’t be very useful at keeping people out.  Firewalls are typically enabled by default on Windows machines, but double check to make sure it’s on.  Here are instructions to do so if you are using Windows 7. Only allow necessary applications inbound access through your firewall. The same principles apply to your network firewall. 

Configure your screensaver

Set an auto-locking screensaver so your account gets locked out after a few minutes.  This is useful if you forget to lock your machine when are away from it. On Windows machines this can usually be done by pressing the “Windows Key” and the “L” button simultaneously.

Make your passwords stronger

The longer and more complex the password, the better.  At least 16 characters with a combination of upper and lowecase letters, numbers, and special characters is a best practice.

Configure your router

Use the strongest wireless security available (currently WPA2-CCMP) with a long and complex password for your wireless network. Disable WPS on your wireless router for greater security.   

 


Think that some secure banking information
of yours has been compromised?

If you suspect that your personal financial information has been compromised, call MutualBank Customer Support at 800-382-8031.


 

Monday, April 7, 2014

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Build Your Emergency Fund

Think Twice about that Twenty

Have you bought one or two things last month that you didn’t need? Most people will admit to the occasional impulse buy. But what if you thought twice about those unnecessary purchases? Instead of paying $20 here and there for something you don’t need, pay yourself by putting the $20 into a savings account instead. Saving just $20 each paycheck could add up to more than $500 in a year* – and you probably wouldn’t notice the difference.

Cutting back on unnecessary spending is a great step toward building an emergency fund. Most experts recommend setting aside three to six months’ worth of living expenses in case a sudden financial burden arises – loss of a job or car problem, for example. Having money saved can help protect you from taking on debt if the unexpected happens.

We Can Help You Save

Ready to build your emergency fund? MutualBank has the tools you need to reach your savings goals – whether you can deposit a little or a lot.

Basic savings account – Our interest-earning savings account has little to no fees and is a great way to start saving for your financial goals with any amount. Sign up for direct deposit or automatic transfers from your checking account.

Money market account – Your savings will add up quickly with one of these higher-interest-earning accounts. While there is a minimum balance requirement, there are a variety of options to best meet your needs while earning a higher interest rate.

Certificates of deposit (CDs) – We offer flexible certificates with a variety of terms.  Unique to MutualBank is a Clockwork CD that requires a minimum deposit weekly, biweekly or monthly as a convenient way to save.  We have a CD that’s right for your savings plan.

To get started, contact a MutualBanker today at 800-382-8031 or open your account online. Go Ahead…live a better life.

Don’t forget: Why not save money by avoiding unnecessary fees? Sign up for overdraft protection, and remember to pay yourself with the money you save.

* With biweekly paydays.

Contact a Representative Today

Back to Education Resources

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