Pennies Are Going Away: Here’s How Rosedale Bank Helps You Make Sense of It
Big news for Maryland wallets! The penny is officially on its way out. At Rosedale Bank, we understand that even small changes can feel big, especially when they’ve been part of everyday life for generations. Here’s what this means for you, and how we’ll help you turn this transition into an opportunity. Why Are Pennies Going Away?
- They cost more than they’re worth: It takes more than a penny to make a penny.
- They’re rarely used: Most local businesses already round prices to the nearest nickel.
- It speeds things up: Less time counting coins means more time for what matters—family, community, and convenience.
What Changes for You?
- Cash purchases round to the nearest nickel:
Example: $4.52 becomes $4.50, $4.53 becomes $4.55. - Digital payments stay exact: Debit, credit, and mobile payments won’t change.
- Pennies still work (for now): You can spend them but expect stores to phase them out.
What This Means for Our Community
This isn’t just about coins—it’s about habits and traditions. Here’s what’s next:
- Charity drives evolve: Penny jars become nickel or dime campaigns.
- Local businesses adjust: Maryland businesses may start updating prices at registers.
- Family money talks: A perfect chance to teach kids about how money changes over time and why saving still matters.
How Rosedale Bank Has Your Back
- Turn pennies into savings: Don’t let those pennies gather dust! Stop by any Rosedale Bank branch, and we’ll help you turn them into deposits that work harder for you.
- We’re listening: Got questions or favorite penny memories? Share them with us!
The penny may be leaving, but the values it stood for—thrift, care, community—are here to stay. At Rosedale Bank, we’re proud to help Maryland families and businesses embrace the future of money with clarity, confidence, and a local touch.