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StellarOne Bank is one of the largest independent, commercial banks headquartered in the state of Virginia. StellarOne Bank is a traditional community bank, offering a full range of business and consumer banking services, including trust and wealth management services and competitive Virginia CD rates. The bank operates 60 full service bank branch locations, one loan
The Nov. 9, 2008 Boston Globe Sunday edition contains an ad for First Republic Bank’s 5 month CD special. The 5 month CD has an interest rate of 3.85%. The minimum balance for this account is $5,000.00. This CD rate places the bank’s offer in the top 10 CD rates for Massachusetts. A quick search
Abington Bancorp, Inc. is the holding company for Abington Bank. Abington Bank is a Pennsylvania state chartered, FDIC-insured savings bank which was originally organized in 1867. Abington Bank conducts business from its headquarters and main office in Jenkintown, Pennsylvania as well as twelve additional full service branch offices and seven limited service banking offices located
BankEast has an ad running in the Knoxville News Sentinel displaying several bank CD accounts. The first part of the bank promotion is called “pick 2”. This bank service allows the customer to pick two different CD accounts after opening a personal checking account. The options are to pick a 5 month CD that has
For yet another week, CD interest rates headed lower. The average rate on the top ten best CD rates available nationally decreased by .013 percent to a rate of 1.252 percent for the week ending September 9, 2011. The reduction of 0.013 percent is certainly not insignificant based on the current low average rates, but
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
Research done to measure and understand the characteristics of a given market.
As more consumers flock to the safe harbor of bank products, more and more are asking and searching for high rates with a minimal investment. Unfortunately some consumers have even shied away from investments in bank CDs because of the perception that a large sum of money is needed to reach the higher rates.
Community Capital Bank provides consumer and business banking services in Georgia. The bank was established on August 5, 2002. Community Capital Bank has been FDIC insured since August 5, 2002. Community Capital Bank is chartered as a Federal Reserve Non-member. Therefore the primary regulator is the Federal Deposit Insurance Corporation (FDIC). The bank has approximately
Laddering of CDs is a way to obtain high interest rates by purchasing long maturity CDs but at the same time building in a significant amount of flexibility so that you can adapt to market conditions. It involves a strategy that involves multiple CDs maturing in consecutive years. You start the ladder by
Bank CD’s have become a more popular savings vehicles as competition among banks has increased interest rates and the accounts offer security provided by the insurance by the FDIC. However, a commonly mentioned drawback to CD’s is the early withdrawal penalty. CD early withdrawal penalties are easily managed and should not be a barrier to sound investing
A certificate of deposit whose interest is not paid out over time, but is sold at a discount to its face value or where interest is paid at one lump sum when the CD matures.
To sign your name on the back of a check in order to cash it or deposit it.
Electronic check conversion is a process in which your check is used as a source of information–for the check number, your account number, and the number that identifies your financial institution. The information is then used to make a one-time electronic payment from your account, an electronic fund transfer. The check itself is
City First Bank of D.C. is a Community Development Financial Institution that is established for the purpose of building the economic health of underserved communities in the Washington, DC area. The banks primary mission includes strengthening and promoting investment in the neglected and underserved communities in Washington, D.C. As part of the banks mission, the
APY measures the rate of return on an interest bearing asset over a period of one year and is a good tool to measure the best rates between bank savings account, money market account and CD rates. APR measure the cost of borrowing funds over a period of one year and is good tool to
First State Community Bank is a community bank located in southeast Missouri. First State Community Bank has been a locally owned, community bank and a Farmington landmark since its grand opening as First State Bank of Farmington on May 9, 1954. The bank has grown to become the second largest banking corporation headquartered in southeast
A bank that is organized under the laws of a State and chartered by that State to conduct the business of banking.
The 15 month special CD offered by Enterprise Bank of South Carolina is the highest CD rate in the one year term grouping for all of South Carolina. The CD rate on the 15 month term is 4.25% APY. Enterprise Bank of South Carolina also has a special 27 month CD which is the highest
The portion of a customers account balance that has no banking restrictions on it such as holds, making the funds available for immediate withdrawal and use.
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