Family Banking
Amboy Bank offers a suite of family banking products to help with the financial needs of the whole family and empower families to build healthy financial habits together. Whether you're looking to help your children set savings goals or for personalized advice for your parents, we're here to support every step of your family's financial journey.
Family Banking Tools to Help Your Children
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It's expensive to purchase a home in New Jersey, and while parents want to help, you have to protect your own savings as well. The Family Helping Hand Mortgage allows you to pledge an Amboy deposit towards your child's down payment. Once they reach 22% equity in their home, you get your deposit back plus interest.
Family Banking Tools to Help Your Parents
Take advantage of the many programs available to help the seniors in our communities.
- Amboy offers free educational senior seminars and fairs throughout the year.
- New Jersey offers the Senior Property Tax Freeze, which reimburses eligible seniors for property tax increases. Our Amboy representatives are highly knowledgeable and are happy to help answer questions and fill out forms.
- The National Council on Aging offers a Benefits Checkup, where you can see which state and federal senior programs your parents may qualify for.
Help your parents age independently by using the equity in their home to pay for the things they may need, like in-home healthcare or home renovations. Amboy offers a suite of proprietary reverse mortgages, like our Senior Choice Home Equity Loan. The money could be used for things, such as:
- In-home healthcare
- Home renovations
- Debt consolidation
- To have available as a line of credit in case of emergency
More Resources
For Your Kids and Teens
- US Mint Coin Classroom: Games from US Mint that teach kids about currency and money management
- Financial Fables: Entertaining stories and videos about economics and personal finance
- Financial Football: A fast-paced, interactive game that engages students while teaching them personal finance skills
- FDIC's Money Smart for Young People Series: Each age-appropriate curriculum includes lesson plans for educators along with guides for parents and caregivers