Summer has arrived with its sunshine, warm weather, and many opportunities to use your savings. You can have fun funding your summer adventures, improve your budget, or relax on the beach while your savings grow. There are different ways to enjoy your summer regardless of your preferences. Grab a cold drink, kick your feet up and make waves with your summer savings. 

Fund In The Sun 

Make a splash with these sizzling financial options that can help you finance your summer fun! 

Get a Credit Card from Your Bank 

A credit card gives you convenient and flexible purchasing power and can even offer great rewards. Certain credit cards reward with cash back or travel points, allowing you to earn while you spend during your summer adventures. Additionally, credit cards can help you build your credit history, which is important to have established when making big purchases, such as a home or a car, in the future.  

Banterra offers credit cards through Elan Financial Services that fit your lifestyle and financial goals. Find the right card that fits your lifestyle by visiting our website. 

Funding your Vacation 

If you're planning a major vacation this summer, think about obtaining a personal loan. This type of loan offers a lump sum of money to pay for your travel expenses and allows you to repay it with a fixed interest rate over time. Doing so allows you to plan and budget your payments. Furthermore, by obtaining a personal loan, you can avoid using a high-interest credit card for your travel expenses, which can save you money in the long term.  

For information on personal loans through Banterra, click here. 

Take out a Loan to Finance Home Renovations 

Perhaps instead of planning a getaway to paradise, you're looking to transform your home into a personal oasis. Taking out a home equity loan can be a great way to fund your renovations, allowing you to borrow against the value of your home and pay it back over time with a fixed interest rate. This type of loan also makes it easier to plan and budget your payments. Plus, investing in your home can increase its value and potentially provide you with a return on your investment in the future.  

See what home equity solutions Banterra has to offer.  

The Beach Bod Budget 

Whip your budget into shape and boost your summer spending power! 

Refinancing Loans 

Refinancing your loans can help you save money on interest rates, reduce your monthly payments, and potentially pay off your debts faster, freeing up more cash for you to spend on summertime activities and adventures. With various loan refinancing options available, it's worth exploring your options and speaking with your lender to find the best fit for your finances.  

See how Banterra can help with refinancing options on our website and contact us today. 

Consolidate Debt with a Personal Loan 

If you have credit card debts or other high-interest debts and are looking to free up more cash for summer spending, consider consolidating your debts with a personal loan. With a fixed interest rate and predictable monthly payments, a personal loan can simplify your finances and help you stay on track to achieve your financial goals.  

See what personal loan options Banterra has to offer. 

Sunsational Savings 

Bask in the brightness of your future with these sunsational investment and savings strategies! 

Open a High-Yield Savings Account 

Summer is the perfect time to start saving for financial goals or unexpected expenses. Opening a high-yield savings account can help maximize your earning potential with competitive interest rates and low fees. Consider setting a savings goal for your summer, similar to building an emergency fund or saving for a new car and make regular contributions to your savings account to stay on track.  

Banterra offers a variety of savings account options. Click here to determine what account is right for you.  

Open or Increase Your Retirement Account 

It’s always a good idea to start planning for your future, and this summer is no exception. Opening a retirement account or increasing your contributions can be a great way to take advantage of potential savings and secure your financial stability down the line. This can include traditional IRA or Roth IRA accounts, as well as 401(k) plans through your employer.  

To start planning or compare IRA options, visit our website! 

If you are looking for more information or have any questions on any of Banterra’s personal banking products, contact us today. 

Thanks for joining us, and we hope you’ll take advantage of summer savings!