Prepare for the unexpected

A separate savings account used to cover or offset the expense of unexpected bills, your emergency fund serves as a safety net, there when you need it most.

Tips for managing an emergency fund:

  • Place emergency savings in an interest-earning account that is easy to access without incurring penalties, like our statement savings account.
  • Work toward saving enough to cover three to six months of expenses.
  • Only use your emergency fund for expenses directly related to unexpected emergencies

Consolidate your debt

Refinancing your home can allow you to pay off high-interest debt at a lower interest rate by borrowing from the equity you’ve built in your home.

Benefits of refinancing to consolidate debt:

  • A refinance allows you to pay off high-interest debt and consolidate it into a lower interest rate.
  • Consolidating your debts makes it easier to stay on top of payments.
  • A home loan is one of the most affordable ways to borrow money. NBM offers multiple refinance options, find the one that works for you!

Invest in your future

For many people, retirement is the biggest financial milestone of their lives. It’s important to set and work toward retirement goals so you can feel financially secure and enjoy that time.

Start saving for your retirement—we can help:

  • Work with our investment management affiliate, Community Financial Services Group,* to help plan for retirement.
  • We offer a variety of IRA accounts to help you save tax free.
  • Investing in retirement can help reduce the amount of taxes you owe on your income.

* Disclaimer: Community Financial Services Group, LLC (CFSG) is the trust and investment management affiliate of National Bank of Middlebury, Community National Bank, and Woodsville Guaranty Savings Bank. CFSG is also the trust and investment non-affiliate for Peoples Trust Company of St. Albans. CFSG accounts are not obligations of, or guaranteed or insured by any bank or any depository institution, the FDIC, the Federal Reserve Board or any government agency. Investments are subject to risk, including the possible gain or loss of principal.