Malvern Bank's "Money Matters"

Money Matters: Time to unplug?

June 6, 2022


Summer is heating up and, apparently, so is the cost of just about everything.

Forbes Advisor surveyed 2,000 Americans about their summer vacation plans, and more than half (54%) say the increased cost of trips is affecting their decisions.

Regardless if you want to travel across the globe or save money by staying close to home on (yet another) staycation, taking time away to relax and unplug is vital to your health and wellbeing. You’ve banked your time off, so use it!

Author Anne Lamont said it best: “Almost everything will work again if you unplug it for a few minutes, including you.”

And isn’t it nice to know that even when you are unplugged, Malvern Bank is working hard for you to help make your money go further? For example, we are offering a unique, six-month, introductory fixed rate of 2.25% on a Home Equity Line of Credit. Repayment during that period is interest only. There is no annual fee, and the closing fee is just $150. For more information, contact Georgette Krick, Malvern’s Senior Vice President of Retail Banking, at

The following articles include some helpful tips on how to keep expenses cool this summer when inflation is running hot, along with more info you might find interesting from the world of finance this week. Enjoy!


Anthony C. Weagley
President & CEO
Malvern Bank, National Association
Beyond Your Expectations ™
Office : 610.644.9400

Return to Money Matters

Why Taking Vacation Time Could Save Your Life

Forbes: May 31, 2022

Don’t be a vacation slacker. Time off is linked to a slew of benefits, including better sleep and...

Read More

Freedom to Travel This Summer Will Come at a Hefty Price

Bloomberg: May 30, 2022

People are eager to take off. But staffing and tourism infrastructure problems mean it won’t be...

Read More

I Know Exactly Where This Market Is Heading (Just Kidding)

The New York Times: May 30, 2022

The decline has been unnerving, but readers want to know how nasty this year’s downturn may...

Read More

Is the global economy heading for recession?

Financial Times: May 26, 2022

The outlook is deteriorating because of the Covid outbreak in China, rising US interest rates and...

Read More

54% Of Summer Vacation Plans Changed Due To Cost, 50% Due To Covid

Forbes: May 27, 2022

Forbes Advisor surveyed 2,000 Americans with summer vacation plans this year. Here’s what they...

Read More