MSB Logo
Download Application
Download Application

What to Know, Before You Go

You are leaving the McHenry Savings Bank website and going to a website operated by a third party not affiliated with McHenry Savings Bank. That site has a privacy policy and security practices different from that of the McHenry Savings Bank website. McHenry Savings Bank and its affiliates are not responsible for the content, policies or practices of third parties.

Click “OK” to continue or “Cancel” to go back

McHenry Savings Bank


Our Blog

Image HSA
What You Need to Know About Health Savings Accounts

December 8, 2023

f you’re fresh out of college or recently joined a new organization, you may have overheard someone mention the term HSA and you find yourself a little lost. An HSA isn’t a government organization or debilitating ailment—quite the opposite! HSA stands for “Health...


Image shifting landscape
VA-Backed Loans - 7 Benefits That May Surprise You

Jul 28, 2023

Whether you qualify for a conventional mortgage or not, a modern VA-backed mortgage may be a better option for you. While the VA mortgage program was created during the post-WWII period to encourage home ownership for returning service members re-entering the...


Image shifting landscape
Miss the Turn? Why Managing Your Finances in a Shifting Landscape Matters

Mar 3, 2023

How do you manage your business and personal finances when the landscape shifts substantially? Do you have a strategy to recognize the new environment, or might you “miss the turn” and not make the necessary changes to be positioned to thrive in the new environment?...


Image - Market Forcasts
Don’t Rely on Market Forecasts! Practical Steps to Secure Your Financial Future.

Jan 10, 2023

There probably has never been a shortage of people willing to forecast what will happen in financial markets - today’s communication tools simply amplify their presence and widen their distribution. In times of turmoil, these pundits seem to shout louder and exude...


Image Newlyweds
6 Money Mistakes Newlyweds Need to Avoid to be Financially Successful

October 18, 2022

“Developing a financial plan can often take a backseat to the excitement of a wedding,” said Jim Zak, Vice President of Retail and Small Business. “But it’s important to remember that this is not only a marriage of hearts but also a marriage of finances.”


Image 5 Mistakes
5 mistakes to avoid so you get your home

September 28, 2022

When you are in the home buying process, mistakes can be costly to you both financially and emotionally. Buying a home will likely be your biggest purchase and right now the housing market is very competitive. There is greater sensitivity and scrutiny on your financial matters when looking to borrow money.


Image College Graduates
6 Smart Money Moves for New College Graduates

September 7, 2022

More than 43.3M college graduates began their career owing more than $37,000 in student loans in 2022. Considering the additional living expenses they’ll soon face combined with the crippling effects of today’s inflation, new college graduates would be wise to focus on their financial future right now.


Image Predicting Financial Markets
Why predicting financial markets is a losing proposition

August 23, 2022

There probably has never been a shortage of people willing to forecast what will happen in financial markets - today’s communication tools simply amplify their presence and widen their distribution. In times of turmoil, these pundits seem to shout louder and exude boundless confidence in their positions.


6 Ways Small Businesses Benefit our Local Community
6 Ways Small Businesses Benefit our Local Community

August 9, 2022

Small businesses are the heart of our country, and they give back to the local economy in more ways than one. McHenry Savings Bank (MSB) was established in 1955, as a savings and loan bank, by a group of community like-minded people. Throughout the years, MSB grew and changed to meet the needs of...


5 Steps to Get Prepared to Buy Your First Home
5 Steps to Get Prepared to Buy Your First Home

July 21, 2022

At first glance, most First Time Homebuyers can afford the monthly payments on their home because it is similar to what they are paying in rent. However, a barrier to homeownership is often the magnitude of the savings necessary to use for a down payment and other costs associated with buying a home.


Prevent Fraud Image
20 Tips to Prevent Business eBanking Fraud

May 19, 2022

We wish it wasn’t true, but we see fraud or attempts to commit fraud daily. It seems the scams never end. Making sure your business is protected from hackers and scammers isn’t that hard if you put a few best practices into place for all of your staff with access to your online banking accounts.


Great Expectations Image
Great Expectations?

Feb 9, 2022

Just about every farm owner or manager, when asked, will tell you he or she is happy with the bank. If I can personalize that for a moment: Are you happy with your bank or are you simply not unhappy? Further, is this a question even worth thinking about? If you can’t...


Farmer Image
This Ain’t Your Daddy’s Farm Mortgage

Aug 30, 2021

The variety of options available today to fund the purchase or re-financing of farmland would make previous generations envious. Today’s low rate environment, combined with a range of available mortgage structures, offers a remarkable array of ways to improve your…


Ride the Power Image
Convergence - Ride the Power Wave

Aug 24, 2021

Three emerging macro trends have recently started to converge, which may provide you a unique opportunity to materially improve the financial position of your farm or ranch, if you act quickly. Any one of these trends is important in its own right, but the combination…


Farm Image
Flexibility with “Farm” Financing

Aug 20, 2021

Do you have a small acreage farm in the country with a nice home, small barn and a few animals like a horse, a couple of goats, a few sheep and maybe some chickens? Would you like to lock in today’s remarkably low, long-term rates for as long as possible on that land?…


Image - Identity Was Stole
My Identity Was Stolen…Now What?

Aug 3, 2021

In this digital age, identity theft can happen to anyone despite your best efforts to prevent it. If you’ve been in the unfortunate situation where your personal information has been stolen, you know how violating and frustrating it can be. The good news is there…


Image - Open Multiple Savings Accounts
Is It Wise To Open Multiple Savings Accounts At The Same Bank To Allocate Savings?

July 15, 2021

Everyone knows it’s in your best financial interest to have both a savings and a checking account. While checking accounts are useful for daily spending and expenses, savings accounts are great for saving for larger purchases and investments that you may need more…


Financial Literacy for Your Children Image
Financial Literacy for Your Children

June 17, 2021

As a child transitions into their teen years, it is imperative they develop an early understanding of their personal finances. This discussion and lesson too frequently emerges as they graduate high school and enter the workforce or attend a college, where their…