Rates Current as of Thursday February 09, 2012

Under the Equal Credit Opportunity Act, a creditor’s refusal to grant credit on the terms requested, termination of an existing account, or an unfavorable change in an existing account.

This entry was posted on Saturday, October 11th, 2008 at 6:39 pm and is filed under Glossary. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.

No user commented in " Adverse Action "

Follow-up comment rss or Leave a Trackback

Similiar Content You Might Enjoy

Diversification

The practice of investing broadly across a number of securities to reduce risk.

Passbook Savings Account

Liquid account, providing FDIC insurance to $100,000 per person ($250,000 on retirement accounts). Generally offers low or no minimum balance requirements, fewer fees and a low rate of interest. The account may or may not have restrictions on number of transactions, and provides the consumer with a booklet that has each deposit and

Bond, U.S. Savings

Savings bonds are issued in face value denominations by the U.S. Government in denominations ranging from $50 to $10,000. They are typically long-term, low-risk investment tools.

Stable CD Interest Rates June 7, 2010

Bank certificate of deposit rates were little changed for the week ending June 4, 2010. Based on the most recent survey of CD interest rates performed by Selectcdrates.com, the average rate for all bank CD maturities measured were unchanged with the exception of the two year term. The average yield on the short

If I open a money market deposit account at my bank with $50,000 is there any chance that I can lose part of my money or my balnc can dwindle if the bank invests this money is some investments that default?

A money market deposit account at an FDIC insured bank is not the same as a money market mutual fund. A money market deposit account at an insured bank has the same FDIC insurance coverage limits as a checking, savings and CDs does. Money market mutual funds do in fact have some exposure

Ridgestone Bank ad for 4 Month CD Best Rate in Illinois

The Chicago Tribune on Sunday Nov. 9th, 2008 has an ad placed by Ridgestone Bank for one of the best short term CD rates in Illinois. The ad promotes a 4.00% interest rate on a 4 month term certificate of deposit. Ridgestone Bank has two locations, one in Brookfield, Wisconsin and the second location in

Virginia CD Rates at National Bank

National Bank is a community bank in Virginia that has been in business since 1891. The bank has 25 locations throughout southwest Virginia. National Bank is headquartered in Blacksburg, VA, the home of Virginia Tech. The bank offers a wide array of consumer and business banking products and serves customers from a broad spectrum of

Flood Plain

A strip of relatively flat and normally dry land alongside a stream, river, or lake that is covered by water during a flood.

Thrift Institutions Advisory Council – TIAC

A council, established following the passage of the Monetary Control Act of 1980, whose purpose is to provide information and views on the special needs and problems of thrifts. The group is comprised of representatives of savings banks, savings and loan associations, and credit unions.

Reconciliation

When you have verified that your checkbook balance is the same as your financial institution’s balance for your account.

Fifth Third Bank Ad in The Columbus Dispatch, Top CD Rate in Ohio

Fifth Third Bank continues to advertise aggressively with high interest rate CDs. The bank ran an ad in the Sunday Nov. 9th, 2008 Columbus Dispatch in which Fifth Third Bank is offering a 13 month CD at 4.05% and a 24 month CD at 4.25%. These two offers place are the highest interest rate CDs

CD Interest Rates September 19, 2011

Based on the current CD rate survey, the bloodletting in CD interest rates shows no signs of abating. Savers and investors in bank CDs are seeing no reprieve in the current extended down cycle of lower interest rates. Fortunately, the rate decline seen this week in the best CD interest rates was rather modest. The national

Interest Payments

The return expressed in percentages earned on an investment each year. These payments are issued every six months based on an annual rate.

401(k) Plan

An employer-sponsored retirement plan that enables employees to make tax-deferred contributions from their salaries to the plan.

Centric Bank in Central Pennsylvania

Centric Bank is headquartered in south central Pennsylvania, offers business and personal banking services supported by high-touch expertise, mobile banking and high-tech Internet banking features. There is a wonderful quote by the president of the bank posted on their web site that states, “A community bank’s foundation is built around people, not protocol. We are

Commercial Bank

A financial institution that provides a broad range of services, from checking and savings accounts to business loans and credit cards. Commercial banks are different from investment banking firms, such as brokerage firms, which generally are involved in arranging for the sale of corporate or municipal securities.

CDARS

CDARS is an acronym for Certificate of Deposit Account Registry Service. CDARS is a deposit placement service offered through the Promontory Interfinancial Network. The real value and potential benefit with CDARS is the extended FDIC coverage for large CD holdings. When a bank places a customer’s large deposit using the CDARS service, that deposit

Barnes Banking Savings and CD Rates

Barnes Banking Co was founded in Davis County, Utah in 1891. The bank is one of Utah’s largest community banks with assets just shy of one billion dollars, actual 2008 year end assets were $970,277,000. The bank has ten bank branches, in Kaysville, Layton, Bountiful, Syracuse, Roy, South Ogden, Salt Lake City, Fort Union, St.

Has a money market fund ever dropped below a $1.00 NAV or broken the buck?

Breaking the buck occurs when a money market fund is unable to repay its $1.00 NAV per share. There have been several incidents this year in which a manager bought securities to prevent a fund from possibly dropping below a $1.00 net asset value or breaking the buck. The only example where a

Impact of International Markets

Most investors, including those holding bank CDs and money market accounts, are concerned about the market conditions in the U.S. It has now become equally important to keep and eye on bank rates and financial activities around the world. The increasing complexity of global financial markets combined with ever-increasing linkages between national markets through trade,

CD Rate Updates

CD Interest Rates Mildly Lower January 30, 2012

In the most recent survey of bank CD rates conducted by Selectcdrates.com, CD rates slumped slightly compounding last week’s similar dip. The average yield on the Selectcdrates.com CD rate index moved down to 1.081 percent from an average rate of 1.087 percent found in the previous rate survey. The Selectcdrates.com index covers the top ten [...]

CD Interest Rates Hold Steady January 23, 2012

CD rates remained relatively stable in the most recent survey of the top national CD rates. The average CD rate, as measured by the rates on the best three month, six month, one year, two year and five year CD rates, was unchanged from the previous week. The Selectcdrates.com weekly CD rate survey showed the [...]

CD Interest Rates Display Little Change January 16, 2012

The best CD interest rates available were little changed over the past week. Based on the most recent survey of bank CD rates performed by Selectcdrates.com, the average CD rate gave up less than one basis point or 1/100th of a percent week over week. The average CD rate on the highest three month CDs, [...]

Banking & CD FAQs

What is the incentive to use a money market account that makes my money grow so little?

A money market account provides excellent principal preservation via FDIC insurance and liquidity with easy access to your funds. Money market accounts are also very competitively priced and can provide a very desirable rate of return when you compare the top money market account rates.

I wrote a check that was returned because of insufficient funds in my account. But the bank never notified me, so other checks bounced and I got hit with several overdraft fees. Shouldn’t the bank have sent me a notice?

The bank is not required to notify you when a check bounces. You are responsible for keeping a current and accurate check/transaction register. By balancing it with your monthly statement, you will know your account balance and prevent overdrafts. State laws generally provide that it is illegal to write a check, knowingly or negligently,

What is the cut-off time for deposits?

National banks may establish different cut-off hours for different types of deposits, as well as for deposits made at different locations.

What is GDP and why is it so important?

Gross domestic product is the measure of the total dollar value of all goods and services produced over a specific time period. GDP is measured in absolute dollar values and is expressed as a comparison to the previous quarter or year. Taken as a whole, economic production has a large impact on

Best Rates on CDs
Best Interest Checking Account Rates

Discover Bank IRA CD Rates

Emigrant Direct
Sallie Mae Savings

Bank Deals
Checking Account Promotions
Chase Bank Promotions Bank of America Promotions
Capital One Promotions
Citibank Promotion

Second Chance Bank Account
Online Checking Accounts Roth IRA Accounts

Best Credit Card Rates Low Interest Credit Cards Business Credit Cards Credit Cards with Cash Back Credit Card Applications
Best Credit Card Offers
Low Interest Rate Credit Cards
Credit Cards for Bad Credit

Best Prepaid Cards
Chase Bank Credit Cards
Chase Credit Card Offer Chase Freedom Card
Chase Credit Card Interest Rates
Wells Credit Cards
Apply for Citibank Credit Card
Citicreditcard
Student Citi Card
Citibank Dividend Card Balance Transfer Credit Card HSBC Bank Household Bank Credit Card

Personal Checking Account
Bank Certificates of Deposit
Compare Savings Accounts
Setting Up a Bank Account Online Bank Services
Bank Information
Open a Bank Account
Bank Money Markets
Bank IRA Accounts

Mobile Banking Online Banking

CD Ladder
CD Loan

Best Checking Accounts

Senior Checking Account

Car Loan Rate

Business Checking

Online Brokers

----------Calculators ---------

Savings Account Calculator
Compound Interest Calculator
Mortgage Payment Calculator

About Us | Contact Us | Privacy Policy

Adverse Action

No user commented in " Adverse Action "

Leave A Reply

CD Rate Updates

Banking & CD FAQs

Bank & CD Tips