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One of the most overlooked charges by banks that extract money from your checking account, savings account or money market account is minimum balance fees. If you are a banking customer that frequently takes your account balance to a bare minimum be sure to you are not in a bank account that charges for low minimum balances.
Audubon Savings Bank is a New Jersey state chartered mutual savings bank. Audubon Savings Bank was established on January 1, 1904. The bank has been FDIC insured since July 3, 1972. Audubon Savings Bank is chartered as a FDIC Savings Bank. Therefore the primary regulator is the Federal Deposit Insurance Corporation (FDIC).
At the close of
Dime Savings Bank is advertising a 4.10% interest rate on either a one year CD or money market account. The one year CD requires a minimum $500.00 to open the account and receive the advertised yield. The money market account has a 4.10% APY that is guaranteed for 3 months on balances up to $100,000.00.
A bank failure is the closing of a bank by a federal or state banking regulatory agency. A bank is usually closed when it is determined that it will be unable to meet its obligations to depositors and others. The Federal Deposit Insurance Corp., which guarantees the accounts of approximately 8,500 banks and
Having been in bushiness since 1886, Peoples Trust Company has provided bank deposit and loan products to generations of families and businesses in Vermont. The Peoples Trust Company was founded by an Act of the General Assembly of the State of Vermont on November 18, 1886. Peoples Trust Company has an array of deposit and
During Christmas week the top one year CD rate in Rhode Island belongs to Centreville Bank. Centreville Bank has a promotional odd term CD that is the highest in the one year CD term category. The interest rate earned on the 11 month CD is 3.25% APY. Centreville Bank has another odd month CD with
An expression given to financial institutions that offers a wide array of financial services in one company. Financial supermarkets can be brokerage companies, savings banks or banks. Most of these institutions will offer checking or checking like products such as money market mutual funds, mutual funds, insurance, bank credit cards, CDs, loans, insurance
The U.S. Treasury Department made another announced regarding more TARP funds being disbursed to needy banks. This week’s allocation was for a $15 billion investment in 7 banks. The investments are made through the Capital Purchase Program which is part of the TARP, Troubled Asset Relief Program.
Per the Treasury’s press release, to date, the Department
All mutual funds are highly regulated by the federal government through the U.S. Securities and Exchange Commission (SEC). To protect investors, Federal law requires that all funds provide two types of documents to current and potential investors free of charge, a prospectus and a shareholder report.
Most all of the information needed to evaluate a fund
The credit union is owned by the members.
If the account has a standard POD or pay on death beneficiary assignment, the beneficiary has no liability for bounced checks. The designation of the beneficiary isn’t final until the death of the owner. A beneficiary has no ownership interest in the account until the owner dies. Therefore, the beneficiary isn’t responsible for
Saigon National Bank is a locally owned community bank devoted to serving the financial needs of the Vietnamese business community in Southern California. Saigon National Bank provides various personal and commercial banking products and services in California. Saigon National Bank was established on November 30, 2005 and has been FDIC insured since November 30, 2005.
No, it isn’t. The Prime Rate was initially established as the interest rate banks set for the most credit worthy clients to lend at, hence it is the “Prime” rate. It no longer carries that connotation; loans are often pried below or above prime for the lowest risk clients. Each bank in accord
A good way to keep mortgage payments under control with a new home loan in Indiana is to shop and compare Indiana mortgage rates carefully with an eye on service and costs. GMAC Mortgage is one of the top ten bank mortgage lenders in the nation that offers competitive mortgage rates and timely service for
Royal Palm Bank of Florida is a full service community bank that has three locations in southwest Florida including Naples, Marco Island and South Fort Myers. The bank is relatively young, starting out in 2001. The bank offers financial products for personal banking, commercial banking as well as a variety of electronic banking services and
The amount that a bond’s issuer must repay at the maturity date.
The funds can invest only in the highest-quality securities, so they can’t buy subprime debt. Some funds have bought commercial paper [short-term debt] from structured investment vehicles [SIVs] that hold subprime mortgages. What is making people jittery is that another batch of SIVs is on watch for a credit downgrade. So, while
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.
Affinity Bank has a checking account called Big Checking. The Affinity Bank checking account has a variable interest rate that currently pays 3.00% on balances of $7,500.00 and greater. Affinity Bank markets this account as having unlimited check writing with rates like a CD. The checking account does not require establishing direct deposit but does
When you get a PIN number for your debit or credit card, choose and guard it carefully. When selecting a PIN, avoid picking a number that is easy for others to guess – for example, your name, telephone number, date of birth, or any simple combination of these. Never write down your