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A Banking Blog with Information Centered Around You

The Central Bank banking blog is your go-to source for insight aimed at helping you better manage your finances -- and continue working toward your personal and business banking goals. Read on, soak up useful information and stay in the know. Our banking blog is here to help

 


 

Is There a Coin Shortage in Houston?

Posted on 1/8/2021 by in Coin Shortage

Like many places in America, Houston’s businesses and their customers have been living with the hassle of the pandemic-caused coin shortage. Like many places in America, Houston’s businesses and their customers have been living with the hassle of the pandemic-caused coin shortage. While the Federal Reserve Bank says there are enough coins in the economy overall, circulation has slowed since the beginning of the pandemic. That reduced circulation has led to reduced inventories in many local economies, including here in Houston.

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How to Manage Your Money During a Crisis

Posted on 1/8/2021 by in How to Manage Your Money

Has your financial situation changed since the start of the Coronavirus pandemic? Let us help you manage your money and get back on track to reach your financial goals. This current moment is challenging for everyone, but Central Bank has more than 60 years’ experience helping our customers through economic ups and downs and other crises. Check out our money management tips below and reach out if you need more personalized advice!

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Is Home Refinancing Right for You?

Posted on 1/8/2021 by in Home Refinancing

Since the Federal Reserve’s emergency rate cut in March 2020, Since the Federal Reserve’s emergency rate cut in March 2020, homeowners everywhere have been wondering if now is the time to refinance. Of course, each person’s needs and goals are different. At Central Bank, we strive to offer personalized financial solutions to each of our customers. In this article, we’ll share general tips for making a refinancing decision. We also encourage you to contact our Houston-based lenders to discuss your own situation in more detail.

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Commercial Customers Give Central Bank a Net Promoter Score® Score of 77.42, More than Double the Industry Average

Posted on 1/8/2021 by in Net Promoter Score

Joined by big names like USAA and American Express, Central Bank of Houston has one of the highest NPS scores in the industry. We are proud to be recognized for our personalized service and devotion to our customers. We will use customer feedback to continue to exceed your expectations and provide the features you’re looking for in a bank.

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Benefits of a Swimming Pool Loan in Texas

Posted on 1/8/2021 by in Swimming Pool Loan in Texas

How popular are private swimming pools in Texas? Just searching for “Homes for Sale with Swimming Pool in Houston” generates more than 1,000 listings. It’s clear that a backyard pool is a desirable feature in a state with hot and dry summers.

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How Much Savings Do You Need in Your 30s, 40s, 50s and Beyond?

Posted on 1/8/2021 by in How Much Savings Do You Need

Our previous article, Building Your Emergency Fund While Saving for Retirement, covered the basic building blocks of saving throughout your life. If you’ve started an emergency savings account, you’re one step closer to financial security and independence. Now we’ll break down retirement savings benchmarks by age. Whatever your ideal retirement age is, you’ll need to achieve financial independence first. Here’s how to do it.

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Building Your Emergency Fund While Saving for Retirement

Posted on 1/8/2021 by in Emergency Fund

Are you prepared to handle an unexpected expense without going into debt or asking friends and family for help? If the answer is no, you’re not alone. Many Americans say they “would have difficulty handling an emergency expense as small as $400,” according to the Federal Reserve’s sixth annual Survey of Household Economics and Decisionmaking.

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Financial Literacy for Young Adults

Posted on 1/8/2021 by in Financial Literacy

What You Need to Know as You Grow. Growing up, you spend your days learning new concepts and gaining the knowledge that will help you succeed in life. Recent surveys, however, have revealed that many people are lacking the basic financial skills to thrive as adults. As with any skill, knowledge isn’t the ultimate goal. Financial literacy must be practiced in order to serve you well as an adult. At Central Bank, we support the young members of our community with specialized banking products and the advice you need to be successful. It’s never too early to start practicing good financial habits that will benefit you throughout life.

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Buying Your First Home in Houston: What You Need to Know

Posted on 1/8/2021 by in Buying Your First Home

Houston is an ideal place for homeownership. When you combine the city’s affordability and robust economy with the overall favorable environment for home ownership—interest rates are still historically low—buying your first home in Houston is definitely worth considering. In this article we’ll look at why buying a home in Houston is a good idea, whether you’re looking to buy a home in Northwest Houston, the Heights, Uptown, Midtown or anywhere in between. Then, we’ll help you assess your own readiness for homeownership. Finally, we’ll walk you through the mortgage application and qualification process so you are ready to begin the home buying process.

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FAQs: Your Guide to CDARS

Posted on 1/8/2021 by in CDARS

Are you looking for a safer way to save? Protect your nest egg with our Certificate of Deposit Account Registry Service®, known as CDARS®. Administered by Promontory Interfinancial Network, a trusted partner of more than 3,000 financial institutions in the U.S., the CDARS service allows you to maintain a single relationship with one bank while receiving FDIC deposit insurance on up to $50 million, far more than the current limit of $250,000 per bank. So, you can continue to deal with CBHOU, the community bank that focuses on you, while receiving the same benefit as would come from holding multiple savings accounts at different financial institutions. As an added bonus, member banks in the CDARS Network swap deposit amounts. This means that, although your savings is divided among different banks, the total amount you deposit in CDARS will go to your primary bank for use with local lending.

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