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Mortgage rates ended the week slightly higher after touching new all-time lows during the week. While mortgage rates moved modestly higher, CD interest rates moved in the opposite direction and dipped lower. Treasury rates matched the action in the mortgage market and displayed higher yields for almost all terms over the course of the week.
Generally, there is no limit on deposits. However, there are FDIC limitations to the amount of funds that are insured.
Deposits held in federally insured banks are insured up to at least $100,000 for each depositor by the Federal Deposit Insurance Corporation (FDIC). Coverage is higher – up to $250,000 per depositor – for funds
Never overlook the value of interest bearing bank accounts. Manage your choices for investing in a bank as carefully as you manage any other investments and you will find that your rates return will increase while avoiding the erosion of fees and inflation. Incremental increases in the yield on a bank account will add up
The best CD rates going into 2015 are looking marginally better than they did at the onset of 2014. This headline is not likely to cause a rush of new funds flowing into bank CDs; however with the interest rate market turned on its head during the first week of January 2014, the top performing
The total dollar amount paid to obtain credit.
Always keep a watchful eye on the movement of interest rates and inflation. Inflation can erode the value of your savings, especially low yielding short term savings, by devaluing the value of your dollars. Over time, inflation can decreases the purchasing power of investments rather substantially. Find the best CD rates and
In today’s competitive banking market, if you are a regular bank ATM user and pay a charge for using it, it is probably time to change banks. There is enough competition in most areas that you can find a bank that will offer free ATM use. Compare the bank products and services that are most important
My son has a small savings account that was opened a few years ago. When I recently checked the balance it was close to zero. It appears the bank has been assessing fees on the balance bringing it to almost nothing. Can they do that on his account?
A locally owned community bank chartered in Hiram, Georgia. Lending and credit decisions that are made right there and not somewhere else in another city or state. That’s WestSide Bank.
The bank was established on August 8, 2006 and has been FDIC insured since that time. WestSide Bank is chartered as a Federal Reserve Non-member. The
CapitalSource Bank is headquartered in Pasadena, California. CapitalSource Bank was launched in July, 2008. The bank purchased the 22 branches of Fremont Investment and Loan. CapitalSource Bank is a wholly owned subsidiary of CapitalSource, Inc. CapitalSource, is a commercial finance company with more than $3 billion in capital and nearly $20 billion in assets. According
Economic data coming in slightly worse than forecast has pushed interest rates modestly lower for the last week of February. CD rates and mortgage rates both moved lower on the week with credit card rates and money market rates holding steady.
Data that had an impact on the market included GDP results for the fourth quarter
Bank CD rates, credit card rates and mortgage rates stabilized during the last week of June following the extremely volatile activity of the week before. Credit card rates and money market rates were unchanged week over week. Bank CD interest rates were lower but by the absolutely slimmest of margins and mortgage rates retreated with
A significant decline in general economic activity extending over a period of time.
Bank rates remained firm over the past week with most bank savings rates and lending rates barely moving. Economic news for the week was particularly light.
An announcement from the Treasury Department on foreign Treasury securities holdings indicated that China had reduced its total investment in U.S. Treasury debt for the 5th consecutive month, the
Union Bank of California is running advertisements promoting their one year CD and money market account. The one year CD has an interest rate of 3.15% APY and the money market account earns an interest rate of 2.52% APY. The consumer bank CD requires a linked checking account to qualify for promotional rate. If linked
A sale or purchase of a security designed to counter losses or gains from price or interest rate changes.
The Fair Debt Collection Practices Act is a set of United States statutes added as Title VIII of the Consumer Credit Protection Act. Its purpose is to ensure ethical practices in the collection of consumer debts and to provide consumers with an avenue for disputing and obtaining validation of debt information in order to
Investors willing to shop for their FDIC insured money market and certificates of deposit in the state of Nevada will earn yields far outpacing the national average. In continuing a series of reviewing CD rates from banks in Nevada, its time to look at the Community Bank of Nevada.
Community Bank of Nevada is a state
Bank rates moved lower for the last week of August with almost all bank savings rates and lending rates in the Selectcdrates.com weekly bank rate survey ending on a down note. Interest rate changes were predominantly driven by the Federal Reserve President’s speech in Wyoming on Friday.
Though there were no surprises in the speech from
A detailed report of an individual’s credit history prepared by a credit bureau and used by a lender in determining a loan applicant’s creditworthiness.