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With paramount convenience and ease of use, it’s no wonder that more than three-quarters of Americans bank digitally. With the increase of online banking, it’s important to practice safe online banking habits. Stay diligent and be aware of red flags signaling a potential scam. For more tips, visit the Bank’s security section on the website….
What starts as an innocuous greeting, something as simple as “Hi, how is it going?”, can lead to the loss of thousands or even millions of dollars. Have you been the recipient of these texts recently? If so, it’s not a long-lost friend; it’s a new cryptocurrency long-con scam called Pig-Butchering. What is Pig-Butchering? It…
While the thought of owning a home is thrilling, meticulous planning and discipline is needed to save for a house. The first step is to establish a budget, especially for renters, to help determine an affordable monthly payment. A common rule suggests not exceeding one-third of your income on housing expenses. It is important to…
Buying a home gives you a great feeling of accomplishment, however, it comes with multiple expenses beyond the purchase price. These expenses are essential to the final stages of the process, and having a clear understanding of what they include will help you prepare financially. Read on for what closing costs include, gain practical tips…
A Message from Tony 2023 was a year of change for Chelsea Groton Bank, and for me. From taking on my new role as President and CEO of the Bank and President of the Chelsea Groton Foundation, to the renovation of the Groton headquarters building, it was a year of growth. As I reflect on…
Chelsea Groton Bank strives to bring customers exceptional service, which includes offering a range of convenient tools and services. With this in mind, the Bank is excited to invite customers and community members to schedule appointments with Chelsea Calendar to meet with a Bank subject matter expert. The flexibility to choose your preferred meeting method,…
Dana Chapel and her team in Niantic strive to provide outstanding service to everyone who comes into their branch. The respect and care the teams show customers and area businesses are a reflection of Dana’s leadership. Her passion for helping people shines through in her dedication to both her team and her family. Get to…
Though it’s the key to financial freedom and security, we sometimes get so caught up in our daily lives that we don’t make finances a priority. That’s why now – before the start of a fresh new year – is the perfect time to reflect on your financial life and heed some important lessons. Here…
Credit card companies are not the only ones that report your payment and usage history to the three credit bureaus (Experian™, TransUnion® and Equifax®). Did you know you can build credit without using a credit card? Read on for alternative strategies for boosting your score and adopting smart habits. Know Your Score: The first step…
Financial elder abuse occurs when someone illegally and improperly uses an elder’s – defined as a person 60 years or older – money or belongings for their own personal use. It has become the fastest growing crime across the country. The 65 and older population has grown rapidly since 2010. It’s estimated this population will…
