New financial tools help young adults work toward financial independence
DOYLESTOWN, Pa. (June 2018) – Penn Community Bank has launched two new financial products, New Era Checking accounts and Common Cents Savings accounts, to meet the needs of young people aged 15 to 23 years old. Both types of accounts are designed to enable young adults to develop good spending and saving habits early in life, an important skill for long-term financial health.
For young adults preparing for the next step in life, the New Era Checking account offers the perks and flexibility they’re looking for:
• No minimum balance requirement
• No monthly maintenance fee
• No fees for transactions at ATMs not affiliated with Penn Community Bank
• No monthly service charge on a savings account
• No-fee online statements
• 3 total fee waivers for check orders or cashier’s checks or for those “oops” moments such as overdrafts, replacement cards, or stop payments
• Access to full suite of convenience services including card valet, MX Money, and online banking
Another important step for young people who want to achieve financial independence is developing a strong savings mentality. Penn Community Bank’s new Common Cents Savings account is the best option for a young person looking to reach a savings goal:
• Automatically round up debit card purchases to the next whole dollar and deposit into savings
• Unlimited deposits, transfers and withdrawals made at PennCB ATMs and branches
• Competitive interest rate compounded daily
• Combined statements
• No monthly service charge for 60 days from account opening regardless of daily balance
Building an independent life starts with developing healthy financial habits. Whether the customer is a student or a young person starting their first job, New Era Checking accounts and Common Cents Savings accounts from Penn Community Bank offer an easy and flexible path to financial independence.
To learn how these new accounts can help you or a young adult you care about, stop by your local branch or call the Penn Community Bank Customer Care Center at 215-788-1234.
About Penn Community: Penn Community Bank holds more than $2 billion in assets, employs more than 300 people, and offers banking, lending, insurance and investments at 24 bank branches and two administrative centers throughout Bucks County and Montgomery County, Pennsylvania. As an independent, mutual financial institution, Penn Community Bank is not publicly traded and operates with its long-term mission in mind: to help businesses grow and prosper, to provide financial resources to individuals and families throughout their lifetimes, to strengthen the local economy, and to partner with local organizations to act as a catalyst for positive growth in every market it serves.