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April is Financial Literacy Month! Woohoo! Okay, we realize you're probably not that excited about it or even know anything about it. Who could blame you with everything going on in the world today?
But the truth is, many of us are thinking a lot about our finances lately – and the economic worries we now face. All around the country, people of all ages are wondering Will I be able to afford groceries? Pay my rent or mortgage? Send my kid to college? Or ever have the money to retire someday?
We wanted to reach out with a quick check-in. These past few days and weeks have been confusing, overwhelming and exhausting to say the least. Our worlds are constantly changing. But, at the same time, we continue to see hope and positivity shine through. Neighbors helping neighbors and communities rising to shop and eat local, keeping our favorite shops and restaurants going.
Your Money is Safe – at Avidia Important Answers to your Questions about Deposit Protection Amid COVID-19
At Avidia, we understand the COVID-19 situation and the disruptions to your daily life may be leaving you with many questions and uncertainties, not the least of which involve your money. Recently, for example, we received calls from customers concerned about the safety of their deposits. To help you with any concerns you may be having regarding deposit protection, we wanted to share the following answers to some common questions.
Are my bank deposits still secure?
The COVID-19 outbreak has taken a toll on people and families around the world. It’s also put a tremendous strain on local businesses, which are so vital to our communities. Many of these businesses have been forced to shut down or to scale back operations, putting a tremendous drain on cash flow. While this outbreak has made us feel powerless, we do have the power to help support local businesses in a few key ways. Here are 10: