Similiar Content You Might Enjoy
Depository institution historically engaged primarily in accepting consumer savings deposits and in originating and investing in securities and residential mortgage loans; now may offer checking-type deposits and make a wider range of loans.
Before the ATM cash had to be withdrawn either at the bank or through cash back arrangements at the store. Both were annoying and inconvenient. However, the process of obtaining cash became revolutionized when the ATM came into existence. With the ATM customers can get the cash they need without having to
Funds held in reserve by a mortgage company to pay taxes, insurance, and other mortgage-related items when due. Can also refer to money, property, a deed or a bond placed in the custody of a third party for delivery to a recipient only when the recipient has fulfilled specified conditions.
Consumers searching for a new home loan in Maryland, New Jersey, Pennsylvania, and West Virginia may want to consider the mortgage rates and mortgage loan products of Susquehanna Bank. Susquehanna Bank is the second largest bank based in Pennsylvania and the 80 largest banks in the nation. Consumers can obtain mortgage information from one of
The economic numbers last week were absolutely horrible and the interest rate market reacted. After the employment report showed a gain of just 69,000 jobs and growth in GDP was revised to an annualized rate of 1.9% from the 2.2% pace estimated a month ago, bank lending rates and U.S Treasury rates moved demonstrably lower.
Fifth Third Bank continues with aggressive advertising for their CD products. The Sunday Nov. 16th, 2008 Charlotte Observer carries a Fifth Third Bank advertisement offering a 13 month CD at 4.00%. The ad also carries a promotion fro their money market account with an interest rate of 3.25% on balance over $50,000.00 Both accounts require
Bank of Texas has reduced their mortgage rates once again for purchase and refinance for the first week of June. Texas mortgage rates dropped to record lows in June following the path of the national mortgage market. Treasury rates started the move lower in June as economic data for the US turned lackluster. Mortgage rates
To manage your debt and keep your credit in excellent standing, when you use your credit card do not borrow more than 30% of your available credit. Borrow more than that and your credit score may suffer.
If your bank account has sizeable recurring fees in every monthly bank statement, it time to ascertain why those charges are being incurred and switch to a bank or bank account that better matches your needs. Some banks charge fees for the minimum balance levels, check copies, overdraft protection and others. Each of these bank
Check 21 is a Federal law that is designed to enable banks to handle more checks electronically, which is intended to make check processing faster and more efficient. Check 21 is the short name for the Check Clearing for the 21st Century Act, which went into effect on October 28, 2004.
The return on a loan or investment, stated as a percentage of price. Used as a measure return for money market mutual funds by evaluating the net income (dividends and interest) earned by the securities in the fund’s portfolio less fund expenses during a specified period. A fund’s yield is expressed as a
The rate of increase in the general price level anticipated by the public in the period ahead.
The Federal Reserve plays an important role in the U.S. payments system. The twelve Federal Reserve Banks provide banking services to depository institutions and to the federal government. For depository institutions, they maintain accounts and provide various payment services, including collecting checks, electronically transferring funds, and distributing and receiving currency and coin. For the federal
Generally, a national bank will redeposit the check twice. However, there are no laws that determine how many times a check has to be resubmitted or may be resubmitted.
An investment company, typically a mutual fund or unit investment trust, whose shares are traded intraday on stock exchanges at market-determined prices. Investors may buy or sell ETF shares through a broker just as they would the shares of any publicly traded company.
An investment contract sold by an insurance company; capital is accumulated, often through mutual fund investments, and converted to an income stream later, often at an investor’s retirement.
The week ending July 31, 2009 saw the best CD rates offered by banks available nationally continue to push lower. This week failed to end the current slump in certificate of deposit yields that started in early spring. All bank CD terms evaluated from the top ten best bank rates were down for the week with the exception
One type of debt instrument issued by the United States government to the general public. The bonds are available in small denominations and are purchased at a discount to earn interest at a prescribed rate.
An interest earning account on which checks may be drawn. Withdrawals from NOW accounts may be offered by commercial banks, mutual savings banks, and savings and loan associations and may be owned only by individuals and certain nonprofit organizations and governmental units.
Avidia Bank was formed in 2007 by a merger between two Massachusetts financial institutions, Hudson Savings Bank and Westborough Bank. Avidia Bank is chartered as a FDIC Savings Bank. Therefore the primary regulator is the Federal Deposit Insurance Corporation (FDIC). The bank has nine bank branches located in seven towns in central Massachusetts: Hudson, Westborough,