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The penny is being retired in 2026 because it costs more to make than it’s worth. Cash totals may be rounded to the nearest five cents, but card and digital payments stay exact. Existing pennies remain legal tender—you can spend, deposit, or save them. St. Mary’s Bank is here to help members navigate this change smoothly.

On September 17, 2025, the Federal Reserve lowered its key interest rate by 0.25%, bringing it to a target range of 4.00% to 4.25%. This is the first rate cut since December 2024, and with two more expected this year, it likely won’t be the last. Rate changes can feel abstract, but they directly affect how much you earn on savings and how much you pay on loans. So, what does this mean for you and your overall financial strategy?

Scams to acquire personal account and card information are becoming more sophisticated. Text messages and emails disguised to look authentic or phrased to panic the recipient are on the rise. St. Mary's Bank is here to help if you suspect your private account information may have been compromised. Never hesitate to call us or visit our Security Center at stmarysbank.com/security.

Guide kids towards financial independence by engaging your child with tools like their own kid's savings account. Help them set small, achievable goals, like saving for a new game or a special outing. Celebrate their milestones to reinforce positive habits.