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Bank rates moved mostly lower for the week ending September 17, 2010. Bank CD interest rates and bank mortgage rates were measurably lower, savings account rates and money market rates dropped just moderately while credit card rates managed to break a two week trend of inactivity and pushed higher for the week.
Mortgage rates dropped
Apple Valley Bank & Trust Company operates three offices in Cheshire, Southington and Wallingford, Connecticut. The bank was founded in 2001 and offers personal and commercial banking services. Apple Valley Bank offers local staff to help with an assortment of banking needs. Bank products and services range from car loans and commercial construction loans to
Credit Unions don’t have the full range of services that a bank may have, but that’s a good thing. By having lower costs credit unions are able to charge lower rates for loans and pay higher rates on deposits. If you are thinking of buying a home or a car in your new
Watertown Savings Bank is an independent mutual savings bank based in Watertown, Massachusetts. The bank was established on April 18, 1870. Watertown Savings Bank has been FDIC insured since January 2, 1981. Watertown Savings Bank is chartered as a FDIC Savings Bank. Therefore the primary regulator is the Federal Deposit Insurance Corporation (FDIC). At the
Once again, CD interested rates have declined very slightly. Market reaction to the recurring disturbances over European government debt levels has driven interest rates lower once again. Most of the deterioration in CD rates was seen in the longer term banks CDs with the short term CDs holding relatively stable.
Overall, CD interest rates were reduced
Signature Bank is a full service bank serving the Windsor market of Colorado and the surrounding area. The bank is located in Windsor, Colorado the Water Valley Village. Signature Bank is a locally owned bank engaging in basic banking business practices by providing a wide assortment of consumer and business bank products and services with
The Bank of Zachary was founded in 1904, in Louisiana. The locally owned bank is the oldest State chartered bank in East Baton Rouge Parish. The bank has been FDIC insured since 1934. The Bank of Zachary is a Federal Reserve Non Member and the primary regulator is the FDIC. The bank ended 2008 with
The face amount or par value of a debt instrument where interest is paid. The interest payment is not part of the principal.
Prime rate is a term applied to a reference an interest rate that is utilized by banks and financial institutions for lending purposes.
The prime rate was a term originally used to identify the rate at which banks lend to their best and most favored customers, though this is no longer the case in general.
McLean Mortgage Corporation is an independent mortgage lender based in Fairfax, Virginia. The company was founded in 2008 and is now one of the top 100 largest mortgage lenders in the nation. McLean Mortgage is a full service mortgage lender with branch offices in Fairfax, Bedford, Fair Lakes, Lynchburg and Virginia Beach, Virginia; as well
The amount paid by a mutual fund to the investment adviser for its services.
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
The City National Bank of Sulphur Springs is located in East Texas and has been serving the region since1889. City National Bank is one of Sulphur Springs’ oldest surviving businesses. The bank has eight full service bank branches. The bank also operates a mortgage office in Sulphur Springs. City National Bank of Sulphur Springs offers
The process of moving an outstanding balance from one credit card to another. This is usually done to obtain a lower interest rate on the outstanding balance. Transfers are sometimes subjected to a Balance Transfer Fee.
An institution where mutual claims are settled between accounts of member depository institutions. Clearinghouses among banks have traditionally been organized for check-clearing purposes, but more recently have cleared other types of settlements, including electronic fund transfers.
The best CD rates for the first week of July were up modestly on the back of a better than expected monthly jobs report. Relative to the strength in the jobs report, the overall increase in CD rates was quite tame, rising by just 3/1000ths of a percent from the last week in June.
National City continues to use its bazooka to gain deposit market share. An ad running in the November 16, 2008 Sunday Chicago Tribune offers the best CD rates in Illinois. The top CD rates of National City require a checking account or savings account to be open in order to obtain the advertised rate. The
Inflation is defined as a rise in the general price level. In other words, prices of many goods and services such as housing, apparel, food, transportation, and fuel must be increasing in order for inflation to occur in the overall economy. Inflation may be measured in several ways with different gauges. The Bureau
While the market appears to fear the potential for rising rates and rising inflation, the bond market improved with prices up and interest rates lower. Treasury rates were lower for all maturities at the close of Thursday September 24, 2009.
The three month Treasuries fell by one basis point or 1/100 of a percent for the
Cash kept on hand in a depository institution’s vault to meet day-to-day business needs, such as cashing checks for customers. Vault cash is counted as a portion of the banks required reserves.