Simple Interest vs Compound Interest You want to earn as much interest as possible on your savings but not pay more than you have to when you borrow. One of the biggest factors in both is whether you’re accruing simple or compound interest. Simple Interest: Calculated annually on the amount you deposit or owe. Compound Interest: Interest earned
Inflation Calculator HOW IT WORKS Inflation measures the rate of rising prices in an economy. Contributing factors include an increase in the cost to produce goods or an increase in the demand for goods or services. No matter the reason, inflation is typical and the Fed has an inflation target of approximately 2% (this helps a healthy
Inflation measures how much prices rise over time. When prices rise, the value of a dollar falls and your purchasing power goes down.What Is Inflation?The price of goods and services—stuff you buy—isn’t constant; prices change over time. When prices go up, that’s inflation. During moments of inflation, it takes more money to buy products or services.
One of the most tedious parts of home buying is gathering the right documentation, but prepping beforehand makes it that much easier. The documents required for a mortgage application can be categorized by type: Proof of Income/Employment, Proof of Assets, Credit History, and Residential History. These give potential lenders a glimpse into your situation so
First Southern National Bank donates $25K to the Kentucky FFA Foundation. Kentucky FFA members in 11 counties now have even more opportunities to receive a grant to help with their SAE project, thanks to a donation by First Southern National Bank. First Southern made a $25,000 gift to the Kentucky FFA Foundation, directed to $500 SAE grants
Relationships are a core value at First Southern National Bank. They matter a lot – in our faith, our families, our friendships and our work. That’s why we want to introduce our team to you by featuring our team members! Learn more about McKenzie Willoughby, our newest loan and business development officer at the Lexington branch!
First Southern National Bank is pleased to announce the recent hire of Craig Lyons as a Loan and Business Development Officer in Stanford, KY. Craig can be reached at [email protected] or 606-879-0308 x 10414, or by visiting 103 Vincent Drive in Stanford.
We come alongside businesses like Pogue Electric Service in Greenville to establish relationships that go beyond finances.
Relationships are a core value at First Southern National Bank. They matter a lot – in our faith, our families, our friendships and our work. That’s why we want you to get to know us! Learn more about Jason Tucker, a Loan Officer at the Monticello branch.
Bradley Roy’s 9th Annual High School Open at Lake Cumberland. The 2021 Bradley Roy High School Open presented by Covercraft was likely one of the most challenging installments of the tournament’s nine-year history. 139 high school teams and 34 junior teams (6-8th grade) competed October 9th on Lake Cumberland, and the Top Five fished the following day
Relationships are a core value at First Southern National Bank. They matter a lot – in our faith, our families, our friendships and our work. That’s why we want to introduce our team to you by featuring our team members! Learn more about Nathan Brothers, our newest loan and business development officer at
Find out what Heather McWhorter, the Branch Manager at our Vincent Drive location in Stanford, loves most about working with customers!
