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Do you need short-term savings? Yes, you most certainly do. And it’s likely you need far more than you have stashed away somewhere. Short-term savings is more than the few hundred you stick in a statement savings account at your local bank to cover next year’s Christmas presents. True short-term savings
The profit an investment generates, expressed as equity divided by cash flow.
The SelectCDrates.com weekly survey of banks CD rates is raising a red flag when it comes to big bank certificates of deposit. The data released shows big banks continue to offer rates of return that fall well behind the top bank CD rates in the nation. The dismal yields at the mega banks are not
Eurobank is a Florida based bank that is state chartered bank and member of the Federal Deposit Insurance Corporation (FDIC). Eurobank is a locally operated bank that serves the communities in South Florida. EuroBank was established in 1991and currently has three bank branches located in Coral Gables, Boca Raton and Pompano Beach, Florida.
Eurobank offers a
Right outside of Minneapolis looms a bank that offers the best one year CD rate in Minnesota. Granted, the interest rate offered by this bank will not surpass the rate offered by GMAC Bank but until the government infuses that bank with billions of dollars in aid, Lakeville looks a great place to park cash
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
There was large thud heard coming from certificate of deposit rates this week. For the week ending June 5, 2009 the average for the top certificate of deposit rates available nationally were lower across the board. This week the average for the top ten CD rates experienced there biggest weekly loss since the start of
When it comes to investing in mutual funds and money market mutual funds, investors have literally thousands of choices. Prior to an investor making a choice on an individual money market fund, an evaluation on whether the investment strategy and risks of the fund are a good fit should be concluded first. The first step
Mortgage rates, CD rates and Treasury rates moved lowered in mid March as the trouble brewing in the Ukraine made the stock and bond markets skittish. Geopolitics drove the markets this past week while any measures regarding economic conditions took a back seat. Unsettling geopolitical conditions or more precisely, will Russia invade Ukraine or not,
The return expressed in percentages earned on an investment each year. These payments are issued every six months based on an annual rate.
Hudson City Savings Bank offers a 5 month CD with interest rate of 3.68% and an APY of 3.75%. There is a minimum deposit of $500.00 must be maintained to receive posted rate of interest. Hudson City Savings Bank has over $51 billion in assets and over 125 branches in New Jersey, New York and
This 12-member committee meets eight times a year to set guidelines for the Federal Reserve regarding the sale and purchase of government securities in the open market. Its chief importance for consumers is that the FOMC can adjust the federal funds rate and the federal discount rate. Banks set their rates based on
One type of debt instrument issued by the United States government to the general public. The bonds are available in small denominations and are purchased at a discount to earn interest at a prescribed rate.
Susquehanna Bank has a new CD promotion starting in May 2014. The Susquehanna Bank promotion is for an 18 month term certificate with a yield of 1.20%. This bank promotion does not require a checking account commitment or a series of other conditions to be performed by the customer. A deposit of new money is
A law implemented by banking Regulation B. Prohibits creditors from discriminating against credit applicants on the basis of race, color, religion, national origin, sex, marital status, age, or because an applicant receives income from a public assistance program.
Most bank savings rates and lending rates held mostly steady over the past week with slight increases found in the short term bank CD rates and long term mortgage rates. And while the bank rates were little changed, Treasury rates moved modestly higher across almost all maturities.
The weekly bank rate survey conducted by Selectcdrates.com, showed
Nearly all of the nations circulating paper currency consists of Federal Reserve notes printed by the Bureau of Engraving and Printing and issued to the Federal Reserve Banks to put into circulation through commercial banks and other depository institutions. Federal Reserve notes are obligations of the U.S. government.
Yes. Federal law allows banks to charge non-interest charges and fees, including deposit account service charges. All fees should be determined on a competitive basis within the market. Each bank should make the decision on the type, amount, and method of calculation based on sound banking judgment and safe and sound banking
A term referring to a person, other than the principle borrower, who signs for a loan. The cosigner(s) assumes equal liability for the loan.
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—without having