641.628.2191  |   800 Main St. Pella, IA

October 2, 2012

With interest rates at record lows, you face a number of choices for managing your money. Whether you want to save, spend or invest, consider your options and choose the strategies that best suit your particular financial circumstances. Here are five tips for low-interest-rate periods:

  1. Consolidate debt. With interest rates at historic lows, it makes sense to consolidate debt into one low-interest loan. For example, if you have outstanding balances on several credit cards, consider transferring those balances to one credit card with the lowest interest rate. If you qualify, it may be a good time to apply for a home equity line of credit to consolidate debt or make a home improvement.

  2. Shop around for credit cards with the best interest rates. You may be able to get one with better terms than the one you are currently using. Or, ask your credit card issuer to lower your interest rate to make it more competitive.

  3. Make large purchases now. If you've been thinking of making a major purchase like a house or a car, today's low-interest rates make it a good time to finance big-ticket items. However, make sure you have a good credit record and can pay off the loan before applying.

  4. Order a free copy of your credit report. Review the report carefully to verify its accuracy and dispute any errors. Errors in your credit report may affect your credit score, and higher credit scores can mean lower interest rates. To order a free copy of your credit report from each of the three major credit bureaus every 12 months, and to purchase your credit score, visit www.AnnualCreditReport.com or call toll-free (877) 322-8228. If your score is lower than you'd like, pay down your balances and pay bills on time to raise your score.

  5. Keep saving. Just because standard savings accounts aren't paying a lot of interest now doesn't mean you should stop saving for your future. Your savings will still accrue, you'll be less likely to spend it and you know it will be safe. If you can afford to lock up your money for a while, longer-term Certificates of Deposit (CDs) typically pay the highest interest rates. 







  • 28 Oct 2016

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  • 29 Oct 2016

    Mostly Cloudy 73°F58°F


You guys are awesome! We love banking with you! :)

Jodi from Pella

1 - MCB Colors Voted Best Bank of the Red Rock Area by the public.

The service is exceptional and the staff is knowledgeable.

Dia from Pella

When I drive through the Windmill bank they are the most friendly ladies ever! I have never had a bad experience there!!

Tasha from Pella

I like how you are involved in the community and support the local schools.

Timothy from Pella

My husband and I have been humbled and blessed by the ways that MCB has worked with us to help us achieve our financial goals.

Marilyn from Pella

I recently moved to Pella and decided to choose Marion County Bank.  I can't tell you how happy we are with that decision.

Aaron from Pella

Thank you for being a bank that cares about the community. The Pella Bucks promotion is an awesome example of this....I am proud to bank with MCB.

Deb from Pella

I feel confident banking with Marion County.

Melanie from Pella

We really appreciate your input and prompt response with questions.  If we've learned one thing through this process, it is that it really pays to stay local!

Erica from Pella

Marion County Bank has such friendly, helpful staff - I haven't encountered anyone who wasn't nice during my transactions.

Lori from Pella

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  • 28 Oct 2016

    Mostly Cloudy 77°F48°F

  • 29 Oct 2016

    Mostly Cloudy 73°F58°F