Rates Current as of Thursday February 09, 2012

Bank Safety, Insurance & Regulation

Tags: bank, insurance, regulation, safety

This entry was posted on Sunday, October 12th, 2008 at 1:45 pm and is filed under Banking and CD Guide. 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 " Bank Safety, Insurance & Regulation "

Follow-up comment rss or Leave a Trackback

Similiar Content You Might Enjoy

What rules and regulations determine when a bank must make my money available to me in my account after I make a deposit?

In 1987, Congress passed the Expedited Funds Availability Act, which limits the length of time that a financial institution may hold the funds from a deposited check. The law balances the risks that a financial institution faces from an uncollected check with the needs of customers and depositors. Regulation CC implements the Expedited

Credit Application

A form to be completed by an applicant for a credit account, giving sufficient details (residence, employment, income, and existing debt) to allow the seller to establish the applicant’s creditworthiness. Sometimes, an application fee is charged to cover the cost of loan processing.

Solid Record Keeping Helps Evaluate Rates and Budgets

Reviewing bank checking account statements is an essential task for budgeting and evaluating account costs. This is also true for credit card statements and investment accounts such as savings accounts and money market account statements. Solid record keeping is the key to understanding how you can best implement a strategy to save money and reduce costs. Good

Tampa Florida Home of the Best Game and the Best CD Rates

Bank CDs are already a popular savings option that provides account holders with guaranteed, higher-than-average interest rates. With most banks the CD investors have the flexibility of a variety of maturities from 7 days to 60 months. These features apply to the bank CDs being offered by Pilot Bank too. Pilot Bank was formed in September

State Bank

A bank that is organized under the laws of a State and chartered by that State to conduct the business of banking.

Reinvestment Privilege

An option whereby mutual fund dividends and capital gain distributions automatically buy new fund shares.

Money Market Funds – Mutual Fund Expenses

In addition to comparing the services and advantages offered by each money fund, a money market fund investor should also look at the prospectus for the fund’s expenses, which include management fees, custodial fees, transfer agent fees, legal fees, investment advisory fees and distribution fees, and its expense policy. By and large, the higher the

It Would Be Difficult To Find Better Rates, Omni National Bank, Nov. 13, 2008

It would be difficult to find better rates, that’s the headline copy for the advertisement placed in the Chicago Tribune on Nov. 13th, 2008 by Omni National Bank. In the ad, Omni National bank promotes the interest rates on three different CD terms. The 10 month CD is at a 4.00% interest rate, the 15

Bank Rates, CD Interest Rates and Mortgage Rates September 5, 2011

Rates on bank savings products and loan products plummeted again this week. The only bank products not playing along were the credit cards. Credit card rates snuck through with an uptick in rates while mortgage rates, CD interest rates, savings account rates and Treasury rates moved lower when the week came to a close. Interest rates

Financial Holding Company

A financial entity engaged in a broad range of banking-related activities, created by the Gramm-Leach-Bliley Act of 1999. These activities include: insurance underwriting, securities dealing and underwriting, financial and investment advisory services, merchant banking, issuing or selling securitized interests in bank-eligible assets, and generally engaging in any non-banking activity authorized by the Bank Holding

Commercial Paper

Unsecured notes issued by companies and maturing within nine months. Typically, commercial paper is issued only by the larger and more credit worthy companies

Redlining

The alleged practice of certain lending institutions of not making mortgage, home improvement, and small business loans in certain neighborhoods-usually areas that are deteriorating or considered by the lender to be poor investments.

Top CD rates in Ohio at CenterBank

CenterBank, headquartered in Milford Ohio, has some very attractive interest rates on their 9 month CDs and 20 month CDs. The 9month CD has a 3.60% APY and the 20 month term yields a 4.10% APY. Both CDs require a minimum balance of $500.00 and do not require the accountholder to have any additional accounts

CD Rates in the Sunshine State

These are CD rates not just in the sunshine state but CD rates at Sunshine State Community Bank. Sunshine State Community Bank has been FDIC insured since July 24, 2000. Sunshine State Community Bank has five bank branches located in Florida. The bank is chartered as a Federal Reserve Non-member bank. Therefore the primary regulator

Today’s Bank Rates September 20, 2010

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

Federal Reserve Float

Checkbook money that, for a period of time, appears on the books of both the payor and payee due to the lag in the collection process. Federal Reserve float often arises during the Federal Reserve check collection process. In order to promote an efficient payments mechanism with certainty as to the date funds

Certificate of Deposit Rates February 1, 2010

Even though the GDP numbers released last week were stronger than expected, banks continued to trim interest rates further on certificates of deposit. Financial institutions cut rates on three of the four CD terms measured in the weekly selectcdrates.com bank rate survey. While yields moved lower for the short and midterm CDs, the long term

Fee

A charge for a service.

Features with your bank account to review

Comparing Services Offered Here’s a brief list of some of the general services you may be looking for in your bank. FDIC Insurance Online Bill Payment ATMs High-Interest Checking Accounts Funds Availability Schedule Debit and Credit Cards Money Market Accounts CDs Brokerage Services Mortgage Loans Convenience Overdraft Protection Express Checking Accounts Credit Cards Loan Products Telephone Banking Direct Deposit Personalized

Best CD Rate California

CD rates in California have fluctuated notably since the start of 2009. With drop in long term CD rates and the short term rates returning anemic yields, some of the best opportunities can be found in the mid range of CD terms. One opportunity in this range is the 18 month CD being offered by

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

How does inflation affect my bank accounts?

Since there are several different types of bank accounts, inflation will have varying degrees of impact on them. Inflation erodes the value of our money. Higher inflation leads to a greater amount of funds needed to purchase consumer goods. As goods become more expensive we need our investment rates of return to

Why do certificates of deposit pay more than a savings account?

Most banks pay a higher rate on certificates of deposits because the CD’s have a set length of maturity. This means the bank can use those funds for predetermined period of time without worrying about losing the funds via sudden customer withdrawal. Remember, banks make money by loaning out the deposits or investing

Who can become a member of a Credit Union?

Credit unions have to restrict membership in order to receive the preferential tax treatment of a non-profit entity. Interpretation of the laws governing the tax status has swung from being fairly restrictive in the descriptions of what constitutes a member to becoming all encompassing resulting in nearly everyone being eligible for membership through some

I work at a small company that has certain transactions for purchases be done with cash. Someone told me the company is asking for an IRS audit because they cash so many checks, is this true and how would the IRS know about the cash if they don’t audit the company first?

Banks are required to report all cash transactions in excess of $10,000.00. However, they are also responsible for reporting suspicious activity. If someone is cashing a significant amount of checks, the bank may very well report the activity to the IRS. Of course, if this does not happen, should the company be