Rates Current as of Thursday February 09, 2012

A person listed on a deposit account who has the ability to transact business but does not have ownership of the funds in the account.

This entry was posted on Saturday, October 11th, 2008 at 6:36 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 " Authorized Signer "

Follow-up comment rss or Leave a Trackback

Similiar Content You Might Enjoy

Is there any benefit to choosing to do business with a bank that is a member of the Federal Reserve System?

On average, member banks tend to be the larger institutions. If you choose to bank at a member institution, you will likely be choosing a larger bank with many branch locations, alternatively, if you choose to hold an account with a nonmember bank, you’ll typically be choosing a smaller institution with fewer branch locations.

Open-End Investment Company

The legal name for a mutual fund, indicating that it stands ready to redeem, buy back, its shares from investors on any business day.

Fund of Funds

Mutual funds that hold and invest in shares of other mutual funds.

Kashkari Speech on Treasury Program Progress Jan. 8, 2009

The Assistant Secretary for Financial Stability, Neel Kashkari, gave a speech that was a comprehensive update on the Treasury Department’s progress in implementing the Troubled Asset Relief Program (TARP). The speech was given at Brookings Institution on January 8, 2009. The following is excerpts from the speech discussing the Fed and Treasury programs in place.

Federal Deposit Insurance Corporation – FDIC

An independent deposit insurance agency created by Congress in 1933 to maintain stability and public confidence in the nation’s banking system. The FDIC promotes safety and soundness of insured depository institutions and the U.S. financial system by identifying, monitoring, and addressing risks to the deposit insurance funds; minimizes disruptive effects from the failure of

Freedom of Information Act

A Federal law that mandates that all the records created and kept by Federal agencies in the executive branch of government must be open for public inspection and copying. The only exceptions are those records that fall into one of nine exempted categories listed in the statute.

Overlimit

An open-end credit account in which the assigned dollar limit has been exceeded.

Bank Rates and CD Rates at California General

California General Bank started business in the first quarter of 2009. The bank is an independent commercial bank based in Pasadena, California. California General Bank specializes in the financial needs of the small to medium size privately owned business, professionals, and high net worth individuals. For personal savings accounts, the bank offer several different accounts,

Bank Rates, First Federal Bank Kentucky

First Federal Bank is a full service bank specializing in home lending. First Federal Bank has been serving the Central Kentucky area since 1935. First Federal Bank has been FDIC insured since December 26, 1935. First Federal Bank is chartered as a Savings Association. Therefore the primary regulator is the Office of Thrift Supervision (OTS).

Evaluate Bank CD Early Withdrawal Penalties on Longer Term CDs

If you are shopping for a longer term certificates of deposit the penalties for early withdrawal have to be considered. Evaluating early withdrawal penalties when comparing CD rates is not just a concern for immediate cash needs. Suppose you purchased a five year bank CD three years ago when interest rates were very low; is

Rate

Percentage a borrower pays for the use of money, usually expressed as an annual percentage

CD Interest Rate Summary October 1, 2009

Treasury rates dropped modestly Wednesday, September 30 which was the last trading day for the month. Rates were not only down slightly for the day, but were down for the month as well. At the close of Wednesday the six month Treasury rate moved lower by one basis point or 1/100 pf a percent from 0.19%

Finance Charge

The total dollar amount paid to obtain credit.

Is it legal for the bank to request my fingerprint to cash a check?

Yes. Most banks use fingerprinting as a security measure and a way to combat fraud. Federal banking laws and regulations do not prohibit national banks from requesting that you provide a fingerprint to cash a check.

Far East National Bank, California

Far East National Bank is a California based bank. The bank was founded in 1974 as the first federally chartered Asian American bank in the United States. Far East National Bank became a wholly-owned subsidiary of Taiwan’s Bank SinoPac since 1997. SinoPac Holdings has total assets of $34 billion, serving customers throughout Asia and North

What is the difference between CD and money market?

Some investors use the word CD and money market interchangeably. There are differences between CD and money market. First of all A CD or certificate of deposit is not a marketable security which means that if a certificate of deposit holder wants out of his or her certificate of deposit or wants to

Bank Savings Rates and Borrowing Rates Continue to Fall December 19, 2011

CD interest rates were prodded lower again this week while mortgage rates were driven down to all time record lows. The continued debt dilemma facing European nations outweighed some positive economic news in the U.S. Scheduled Treasury bond purchases made by the Fed combined with heavy bond purchases brought on by skittish investors eyeballing the

Indy Mac to be Sold by FDIC

Since the failure of IndyMac Bank on July 11, 2008 the FDIC has been operating the financial institution. The FDIC has now entered into a letter of intent to sell what is referred to as New IndyMac to IMB HoldCo LLC. IMB HoldCo LLC is a recently formed thrift holding company controlled by IMB Management

Central Bank Tampa, Florida

Central Bank is a local community bank located in Tampa, Florida. The bank was established on February 26, 2007 and has been FDIC insured since February 26, 2007. Central Bank is chartered as a Federal Reserve Non-member. Therefore the primary regulator is the Federal Deposit Insurance Corporation (FDIC). As of the end of 2008, the

Does the bank have to continue to pay interest on my Time Certificate of Deposit (CD) after it matures?

Not necessarily. If you choose to roll over/renew the time certificate of deposit (CD) for another term at the bank, the bank can continue to pay the interest. Let’s say you haven’t decided in advance. Once the CD matures, you have 10 days to decide whether to renew or withdraw the funds.

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

At what point is the interest paid on a savings account versus the time period it is paid on a certificate of deposit?

The frequency of interest payments, or the level of compounding interest, on any bank account is determined by the bank and the type of account you have. Truth in savings regulation makes it so the bank has to inform that account holder what the APY is on the account. The APY is the

What is the difference between a credit union and a bank?

A bank is a fro profit institution. They provide loans, clear checks, hold deposits and related financial services. Credit unions perform similar functions but are organized as non-profit entities. The services it provides are to its members, which by law must share a common bond or affiliation.

A deposit was credited to my account by mistake. Can the bank freeze the account?

Yes. The bank may freeze the account to ensure that no funds are withdrawn before the error is corrected. Or the bank may place a hold on the deposit.

Why would someone rent a safe deposit box?

It is a convenient place to store important items that would be difficult or impossible to replace. The safe deposit box also offers privacy, only you know what is inside, and security. Although many people like to keep valuables close by in a closet, safe or file cabinet at home or in the

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

Authorized Signer

No user commented in " Authorized Signer "

Leave A Reply

CD Rate Updates

Banking & CD FAQs

Bank & CD Tips