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Bank rates ran around in circles this past week with most savings and lending rates ending the week with only minor rate changes over the previous week. With a great deal of market activity taking place during the week, most borrowers and investors may have been led to believe that the interest rates shot measurably
An open-end credit account in which the assigned dollar limit has been exceeded.
The FDIC has just made a press release entitled, FDIC to Tighten and Clarify Interest Rate Restrictions on Institutions That are Less Than Well-Capitalized. The releases is regarding an FDIC proposal to reign in banks that are classified as less than Well Capitalized from attracting depositor funds with above average market interest rates. The intentions
A bank upon which a check is drawn and that pays a check or other draft.
Camden National Bank is a full service community bank with a network of 37 bank branches serving coastal, western, central, and eastern Maine. The bank provides commercial and consumer banking products and services primarily in Maine. It principally engages in the standard banking activities of making deposits and originating loans. The bank’s deposit products include
In comparison to most CD accounts offered in the state of Nevada, Nevada Bank and Trust offers very competitve rates and terms. Nevada Bank and Trust is a small town community bank offers personal service and competitive products. The banks main office is located in Caliente and there are nine additional bank branches serving the
Bank of Anderson offers a variety of bank CDs, interest bearing checking and savings plans designed to increase their bank customers earning possibilities while offering safety and security afforded by FDIC insurance protection.
Bank of Anderson received its national bank charter on September 3, 1998, and opened for business on September 8, 1998. The bank was
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
The discount rate is the rate at which eligible depository institutions may borrow funds from the Federal Reserve.
Historically, money market mutual funds would pay a slightly higher interest rate than competing bank products such as savings accounts and money market accounts. Money market mutual fund rates, however have not always been the market leader in short term rates. With the ability to write checks and transfer funds without charge, many money market mutual funds may
The Great Basin is a large, arid region of the western United States. This basic topographic pattern that defines the region extends from eastern California to central Utah, and from southern Idaho into the state of Sonora in Mexico. It covers most of Nevada and over half of Utah, as well as parts of California,
The Chicago Tribune on Sunday Nov. 9th, 2008 has an ad placed by Ridgestone Bank for one of the best short term CD rates in Illinois. The ad promotes a 4.00% interest rate on a 4 month term certificate of deposit. Ridgestone Bank has two locations, one in Brookfield, Wisconsin and the second location in
A Federal law, established in 1971 and revised in 1997, that gives consumers the right to see their credit records and correct any mistakes. The FCRA regulates consumer credit reporting and related industries to ensure that consumer information is reported in an accurate, timely, and complete manner. The Act was amended to address
Hudson City Savings Bank offers a 5 month CD with interest rate of 3.68% and an APY of 3.75%. There is a minimum deposit of $500.00 must be maintained to receive posted rate of interest. Hudson City Savings Bank has over $51 billion in assets and over 125 branches in New Jersey, New York and
Well, Jim Cramer of CNBC has said it’s time to get out of Treasuries. On his show last night he stated that it is time to get out of government securities and sell long term Treasuries or those with terms of ten years and longer. Of course, that’s Jim’s opinion. There was an article on
Bankers acceptances are negotiable time drafts, or bills of exchange, that have been accepted by a bank that, by accepting, assumes the obligation to pay the holder of the draft the face amount of the instrument on the maturity date specified. They are used primarily to finance the export, import, shipment, or storage of
While certificate of deposit ( CD ) rates continue to drop this year more bank are offering promotional CD rates to attract depositors. Short term CDs that are frequently for odd maturities or terms.
Most web sites that track the highest national CD rates exclude odd term bank CDs. At Selectcdrates.com the odd term CDs are
Wakulla Bank is a community based in Crawfordville, FL. The bank primarily serves the communities of Wakulla, Leon, Calhoun, and Liberty Counties. Wakulla Bank was founded in 1974 and remains a locally owned independent bank with twelve bank branch locations.
Wakulla Bank savings products includes money market accounts, certificates of deposit, savings accounts, NOW accounts and
Most financial institutions recommend that you change your password regularly so that your account is absolutely secure. This is especially the case if you use and easily guessed password that may be ascertained by individuals illegally peering through your discarded data or if you frequently sign on at a computer that you share with
The interest rate and the payment remain the same over the life of the loan. The consumer makes equal monthly payments of principal and interest until the debt is paid in full.