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Your financial well-being is our priority. Beyond our valuable products and services, we're happy to provide informative articles on a variety of financial topics, and tips you can put into action.

IRA, 401k, and Roth written on a sheet of note paper, surrounded by money and a calculator
Andrea Rodrigues
Retirement

What are the Differences between a Traditional IRA and a Roth IRA?

An IRA, or Individual Retirement Account, allows you to save for retirement on a tax-deferred basis or with tax-free growth.

Check presentation at the Narrows Center for the Arts
Andrea Rodrigues
Business

BankFive Awards Grant Totaling $30,000 To The Narrows Center for the Arts

BankFive is proud to announce that it has recently awarded a $30,000 grant to the Narrows Center for the Arts in Fall River.

widow gazing sadly at a photo of her late husband
Deirdre Jannerelli
Money Management

What to do with Finances when a Spouse Dies

After losing a spouse, thinking about your finances can seem overwhelming. Here are some tips to help you navigate your financial obligations during this difficult time.

Woman looking at a privacy setting screen on her laptop
Andrea Rodrigues
Security

Be Vigilant With Your Social Media Privacy

While using social media outlets it is important to never let your guard down to avoid the possibility of your privacy being invaded.

Note book with rent and buy pros and cons listed in it on a desk surrounded by a calculator and money
Andrea Rodrigues
Home Tips

Buying Versus Renting a Home

Deciding whether to buy or rent a home can be a difficult decision, but these pros and cons can help you evaluate your options.

cartoon featuring an employee in the spotlight, under a magnifying glass, surrounded by colleagues
BankFive
Employee Spotlights

Employee Spotlight: Renee Roberts

Renee Roberts has been with BankFive for nearly 12 years, working her way up from Teller to her current role of Lending Specialist.

home buyer with their hand out getting the key to their new home
Andrea Rodrigues
Home Tips

How to Start the Home Buying Process

Here's a look a some of the things you can do both online and offline to start the home buying process on the right foot.

Blue Small Business Banking Partnership Logo
Andrea Rodrigues
Business

BankFive Selected to Participate in the Small Business Banking Partnership

For the ninth year, BankFive has been selected to participate in the Small Business Banking Partnership created by the Massachusetts State Treasury.

hand flipping through a stack of money next to a piece of paper that reads - down payment assistance
Andrea Rodrigues
Home Tips

Buying a Home with No Down Payment

There are specific types of mortgages that can give borrowers some relief from traditional down payment requirements.

Illustration of a laptop computer with a security shield in front of it
Andrea Rodrigues
Security

Security Freezes and Fraud Alerts for Extra Online Protection

Extra precautions such as security freezes and fraud alerts can help protect your finances and identity while conducting everyday business online. 

A stack of multi colored debit cards piled on top of a leather wallet
Andrea Rodrigues
Money Management

ATM vs. Debit Cards – Have You Ever Wondered How They Differ?

While many people think an ATM card and a debit card are one and the same, there are actually several differences between these two types of cards.
 

Ivan Brito, M.O. L.I.F.E. Chief Operating Officer and Andrea Amaral Rodrigues, BankFive VP, Marketing Manager.
Andrea Rodrigues
News

BankFive Donating $10,000 to Local Charities

In the spirit of the holiday season, BankFive announced today that it is giving a total of $10,000 to several soup kitchens and similar organizations in the area.

street signs pointing to 401k one way and ira another way
Deirdre Jannerelli
Retirement

You Might be Wondering - Is an IRA the same as a 401k?

IRAs and 401ks share a lot of similarities, but they have very unique differences as well. Here's a detailed look at these two popular retirement savings accounts.

Man and women sitting on the floor holding a blue print drawing of a house
Andrea Rodrigues
Home Tips

30-Year vs. 15-Year Mortgage – Which Is a Better Fit for You?

If you're thinking about purchasing a home, it's important to know the differences between a 30-year and 15-year mortgage.   

cartoon featuring an employee in the spotlight, surrounded by colleagues
BankFive
Employee Spotlights

Employee Spotlight: Priscilla Beaulieu

Our Human Resources Officer Priscilla Beaulieu has certainly worked her way up the employment ladder. She started out with us 20 years ago as an intern!

Woman holding shopping bags in a mall while shopping for Black Friday deals
Andrea Rodrigues
Security

Black Friday and Cyber Monday Security Tips

Following these security tips on Black Friday and Cyber Monday, will help you remain protected while searching for those holiday deals.

Monica Carreiro Botelho, Mortgage Originator
Andrea Rodrigues
News

BankFive Hires Monica Carreiro Botelho as Mortgage Loan Originator

BankFive is pleased to announce that it has hired Monica Carreiro Botelho as a Mortgage Loan Originator.

a house surrounded by people's hands holding renovation tools like hammers and saws
Andrea Rodrigues
Home Tips

Things to Keep in Mind When Buying a Fixer Upper

If you’re considering buying a fixer upper, here are some things to keep in mind before finalizing the purchase and successfully reaching your renovation goals.