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Is this a good time to seize the high CD Rates that are available today? Maybe we are running into the end of a relatively elevated interest rate cycle on CD rates. This week we saw a slight decrease in average interest rates. If the Fed continues to cut the Fed Funds rate, bank CD
Computer controlled terminals through which customers may make deposits, withdrawals, or other transactions as they would through a bank teller. Groups of banks sometimes share ATM networks located throughout a region of the country that may include portions of several states.
Uniform Commercial Code – a set of laws established at the state level regulating commerce. These laws are proposed by a national group of state-appointed commissioners, but are adopted, with some state-specific adaptations, by the individual states.
If you deposit a check that has bounced by the bank on which it’s drawn, your bank will charge that check back to your account. Your bank may also impose a returned deposited check fee on your account. You may also want to make sure you have not used those funds and subsequently
On May 14, 2010 the FDIC added four more banks to the growing list of failed banks in 2010. The four banks this week that that had the FDIC appointed as receiver included; Southwest Community Bank in Missouri, New Liberty Bank in Michigan, Satilla Community Bank in Georgia and Midwest Bank and Trust in
A life insurance contract sold by insurance companies, brokers, and other financial institutions. It is usually sold as a retirement investment. An annuity is a long-term investment and can have steep surrender charges and penalties for withdrawal before the annuity’s maturity date. Annuities are not FDIC insured.
Platteville is a city located in the southwest corner of Wisconsin. The city is home to the University of Wisconsin,Platteville. Platteville gets its name from the Platte river that runs through this community that was once populated with mostly fur traders and farmers. First National Bank of Platteville is an independent, locally owned community bank
If a person does not have overdraft protection, each time a check is bounced, they must pay an NSF (Nonsufficient Funds Fee). This is usually $35 per check, an amount that can significantly add up if the bouncing is done numerous amounts of times. And this happens whether the check bounced is $1,000
The maximum amount of credit that is available on a credit card or other line of credit account.
A term used to describe the outcome of the yield on a debt instrument or security that is greater than the cost to finance the purchase of the security.
Online banking or internet banking can save time and possibly reduce late fees. Setting up automatic bill paying for large, recurring monthly bills will eliminate the cost of the mail, any late fees caused by oversight or late fees that may occur do to delayed mail delivery. With online bill paying you can manually request
Newport, Rhode Island is located in an absolutely gorgeous section of New England. Known for being a New England area summer resort and for the famous Newport Mansions. The land and coastline of Newport is unsurpassed in its beauty. A brief trip along the shore and it is easy to see why the mansions of
The average bank rate on all maturities is now at their low point of the year. The driving forces behind the low rates is varied. Loss of competition with continued bank closures by the FDIC is contributing mildly to this situation. Excess reserves held by banks due to low lending activities contribute to low banks
Mortgage rates reached near record low levels once again. With the announcement of more easing by the Fed in the previous week targeted at mortgage backed securities it comes as no surprise that mortgage rates have dropped, the surprising bank rate data for the week is the resilience in CD rates and savings rates while
For investors who are retired or preparing for retirement, and searching for a way to keep their money safe while at the same time producing income, bank CDs are a great choice. It is also a wise investment for those consumers planning future college expenses or savings for short term funding needs. In Arizona, consumers
Bank of Chestnut is located in the Village of Chestnut, Illinois, which is the geographic center of the State. The bank was established on January 1, 1902. Bank of Chestnut has been FDIC insured since January 1, 1934. Bank of Chestnut is chartered as a Federal Reserve Non-member. Therefore the primary regulator is the Federal
First Community Bank has a healthy selection of high yielding CD accounts. The two year CD offered by the bank is the best CD rate in Ohio. The bank offers the two year CD with a rate of 4.67% and a 4.75% APY. The minimum balance for this account is $5,000.00. First Community Bank is
Competitively priced bank products are one component of the mission of Lewiston State Bank. Lewiston State Bank offers a bevy of bank service and products that provide outstanding rates of return. As an example, the bank currently offers an 18 month CD that has an interest rate of 2.73% APY. The two year CD leaps
Cash deposits or checks that have been presented for payment and for which payment has been received.
On Friday evening, February 6, 2009 the FDIC announced the closure of three more banks: FirstBank Financial Services of McDonough, GA; Alliance Bank of Culver City, CA and County Bank of Merced, CA. These bank failures make the seventh, eighth and ninth failure this year of a federally insured bank. 2008 was expected to be