Celebrating National Small Business Week: Supporting Our Local Economy
05/05/2025
Each year, National Small Business Week (NSBW) celebrates the small businesses that play a huge role in our economy. As the oldest community bank in Onondaga County, Solvay Bank has always been proud to support the small businesses within our backyard. National Small Business Week is a time to honor those who contribute to our community and reflect on how we, as a local bank, can continue supporting them.
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Stay Alert: Protect Yourself from Bank Scams
04/28/2025
Scams are getting smarter. So should you. With the use of AI and other advancing technologies, scammers are using phone calls, texts and emails to trick people into giving away personal and financial information. At Solvay Bank, your safety is our top priority. We want to help you stay one step ahead.
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Spring Break Safety: Cybersecurity & Banking Tips When Traveling
03/12/2025
At Solvay Bank, your safety, both online and off, is our top priority. That's why we've put together this quick guide to help you travel smarter, protect your devices, and keep your money safe while you enjoy your break. Here are six essential tips to help you stay secure this Spring Break.
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What the Fed's Rate Cut Could Mean for Homebuyers
11/26/2024
Mortgage rates are a key factor for many homebuyers. Even a small change can have a big impact. For example, on a $450,000 mortgage, a shift from 6.5% to 7.0% can raise monthly payments by $150. After years of low rates, mortgage rates increased in 2022 and 2023. But with the Federal Reserve's recent rate cuts, there's new hope for lower rates ahead.
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What the Fed's Rate Cut Means for Home Equity Lines of Credit (HELOC)
11/26/2024
With the Fed's recent rate cuts, it's a great time to consider a Home Equity Line of Credit (HELOC). Lower interest rates can make borrowing against your home's equity more affordable. Whether you're looking to fund a home renovation, consolidate debt or cover other expenses, a HELOC offers flexibility and lower monthly payments.
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