While rising rates and inflation impacting the cost of everyday items can make it more difficult to save, those with a bit of a nest egg already built have an opportunity to grow their savings with the help of higher interest rates. Here are tips to help take advantage of risin...
Where are interest rates? Bond yields are near historic lows with the 10-year treasury benchmark currently offering 1.46% as of March 2021. With 10-year treasury yields this low, the expectation is that yields can only go up from here. When rates go up, the market price of existing fixed...
The WSFS Bank segment provides loans and other financial products to commercial and retail customers. The Cash Connect segment offers ATM vault cash, cash safe, and other cash logistics services. The Wealth Management segment focuses on an array of fiduciary, investment management, credit, and ...
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Clearly there's a lot in play with regard to the economic environment and banking environment. But most importantly, we continue to see the opportunity ahead of us, as Roger mentioned, as the largest local headquartered bank in the greater Philadelphia region and state of Delaware. And we s...
Inflation and rising interest rates have been top-of-mind for many consumers in recent months, as the cost of everything from groceries to gasoline, and cars to houses, has increased. A recent WSFS survey found that 44% of Greater Philadelphia and Delawa
As interest rates continue to rise, locking in a fixed-rate for HELOCs can provide homeowners an opportunity to borrow for home repairs, renovations, and more, but with a fixed-rate loan for the total loan amount or a portion of the loan. ...
WSFS Financial Corp. is a savings and loan holding company, which engages in the provision of banking and financial services. It operates through the following business segments: WSFS Bank, Cash Connect, and Wealth Management. The WSFS Bank segment provides loans and other financial products to co...
Duration is a term used in fixed income investing. It is a measure of interest rate risk that a bond or fixed income strategy has. Bond prices and interest rates move inverse to each other; thus, interest rate risk is the potential reduction in the value of a bond if interest rates ...