From a checking account to a mortgage to planning retirement, there are as many phases of banking as there are in your lifetime! Don’t let it overwhelm you – that’s why we’re here. We can sort the short-term goals from the long-term planning out for you. In the meantime, if you’re looking for some background banking info, you’ve come to the right place! Our resource library has articles on all kinds of accounts and loans.

How to Apply for a Mortgage

Buying a home is an important milestone, no matter what stage of life you’re in, and we’re here to make you feel comfortable every step of the way. Main Street Bank specializes in: Fixed Rate and Adjustable Rate mortgages for residential 1-4 family homes. The property may be owner occupied, non-owner occupied, or a vacation … read more »

10 Financial Terms Every Business Owner Should Know

It’s been proven time and again; you don’t have to be a business school graduate to run and manage a successful business. Some of the most successful entrepreneurs have built their businesses on passion, talent, and of course, hard work. But if you do own a business, it’s important to understand some important financial terms … read more »

7 Worthwhile Ways to Use Your Tax Refund

According to the Internal Revenue Service, more than 70 percent of the nation’s taxpayers received a tax refund averaging nearly $3,000 in 2017 and will get a similar amount for 2018. As Americans receive their refunds along with additional benefits coming from the Tax Cuts and Jobs Act passed in December, we have highlighted seven tips … read more »

When to Refinance a Student Loan

You don’t have to be an economics major to understand the financial burden student loan debt has placed on American students. According to studentloanhero.com, some 44 million people in the United States have student loans, accounting for $1.5 trillion in debt. What’s more, the average student loan debt for graduates of the Class of 2017 was $39,400 … read more »

The Tax Benefits of Owning a Home

From building equity to giving you a chance to settle down and plant roots, homeownership comes with potential benefits that renting simply doesn’t offer. Among them are several tax advantages worth knowing about. Here’s a quick look at how to make the most of those tax deductions. DEDUCTING MORTGAGE INTEREST Unless you recently won the … read more »

Traditional American detached colonial style house

Main Street Bank Recognized as a Top Provider of Technology in Banking Choice Awards

We’ve been recognized as a top provider of Technology in Middlesex County in the first annual Banking Choice Awards. The Banking Choice Awards – developed in conjunction with The Warren Group and Customer Experience Solutions – celebrates the many banks in Massachusetts that provide outstanding service to their customers based exclusively on customer feedback. The awards celebrate … read more »

Massachusetts Banks Banking Choice Awards second place

Start Building Wealth In Your 20’s

Start Building Wealth In Your 20’s There are so many things to love about being in your 20’s; you have ample time to explore new and exciting career opportunities, and to build independence. You also have valuable time to do something that will be very important when you get older — build your wealth. Here … read more »

Multi-ethnic Young Woman Relieved and Smiling Over Financial Calculations in Her Kitchen.

Getting and Using Your First Credit Card

Getting and Using Your First Credit Card A “first” credit card can be exciting, tempting and intimidating. Credit cards are a great convenience, but they are also a huge borrowing responsibility. Here are some ideas to keep in mind as you get your first credit card and begin to use it. Choosing a credit card … read more »

Hands holding credit card and using laptop. Online shopping

5 Things to Know About Safe Deposit Boxes, Home Safes and Your Valuables

5 Things to Know About Safe Deposit Boxes, Home Safes and Your Valuables (FDIC Consumer News) 1. Think about what should or should not be kept in a bank’s safe deposit box. Good candidates include originals of key documents, such as birth certificates, property deeds, car titles, and U.S. Savings Bonds that haven’t been converted … read more »

safeboxes

Don’t Get Taken by Wire Transfer Scams

Don’t Get Taken by Wire Transfer Scams (FDIC Consumer News) Using a bank or a money transfer company to “wire” funds electronically is an easy and convenient way to send cash to someone. And when consumers wire money to people they know, the transaction typically takes place without a problem. But wiring money to strangers … read more »