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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
The prospectus tells an investor about the fund’s investment philosophy. For example, most money funds will state their intention to obtain the highest level of income as possible while preserving principal and liquidity. As a rule, money funds regard the safety of principal, not the pursuit of yield, as paramount. Other types of mutual funds
A way of obtaining a better interest rate, lower monthly payments, or borrow cash on the equity in a property that has built up on a loan. A second loan is taken out to pay off the first, higher-rate loan.
A service that allows an account holder to obtain account information and manage certain banking transactions through a personal computer via the financial institution’s web site on the Internet. This is also known as Internet or electronic banking.
The best one year CD rate in Vermont has an interest rate of 3.00% APY. Lake Sunapee Bank, headquartered in Newport New Hampshire, is offering this rate on their 11 month CD special. Lake Sunapee Bank is a federally chartered savings bank. Lake Sunapee Bank is a thrift institution and the sole operating subsidiary of
The promise to pay in the future in order to buy or borrow in the present. The right to defer payment of debt.
Bank lending rates and bank savings rates moved marginally lower this past week. The range that interest rates moved was once again very tight. While the trading range for bank rates was quite narrow, the direction of rates was decidedly lower. All interest rate categories measured in the Selectcdrates.com weekly bank rate survey turned down
While many financial soothsayers have been predicting an eminent rise in interest rates, the week ended with interest rates noticeably lower yet again.
The top bank CD rates were lower on the six month, one year and five year maturities while the two year CD rates remained unchanged for the week. Bank CD interest rate reductions
First Federal Bank of California was founded in 1929. First Federal Bank of California operates 39 retail bank branch offices in Southern California. The bank is the fourth largest Los Angeles-based financial institution with $7 billion in assets.
First Federal Bank of California offers a wide spectrum of bank products and services. At the present time,
Generally, any loan in which the amount advanced, plus any finance charges, is expected to be repaid in full by a specified date. Most real estate and automobile loans are closed-end agreements.
Not necessarily, as a drop in the Federal Funds rate also affects the Prime Rate on which investments as well as debts are based. While a drop in the Prime Rate may be good for adjustable rate mortgage payers and credit card holders, interest rate sensitive investments will also be affected. If you
Be cautious of bank courtesy overdraft protection. Your bank may offer this service to pay or cover your check when you have insufficient funds in your account. However, this feature will cost you. S ome of the highest fees charged by banks are for courtesy overdraft protection. To avoid this, either avoid writing the checks
The November 23rd, 2008 weekend edition of the Charlotte Observer holds this ad from First Trust Bank. The First Trust Bank copy reads, “Strength, Experience, Understanding “. Along with the advertisements information regarding the financial strength of First Trust, the ad promotes the banks 7 month term CD. The CD is offered with an interest
Mile high CD rates can only be found in the state that is home to the mile high city, Colorado. For this bank CD rate evaluation the bank reviewed is in fact named Mile High Banks which is located in Colorado.
Mile High Banks is a Colorado owned full-service commercial bank. Mile High Banks offers personal
Many sources for bank rate information rate bank CD rates differently. Most web sites that rate bank CD rates, rate only national banks. If the term “CD rates” is searched on the internet the top results are frequently sites that merely rank national banks or banks that predominantly offer CDs over the internet. A quick
Before investing in a money market fund, an investor should carefully read all of the fund’s available information, including its prospectus, or profile if the fund has one, and its most recent shareholder report. A mutual fund’s prospectus explains to potential investors the fund’s investment objective. The investment objective describes the types of securities the
On average, member banks tend to be the larger institutions. If you choose to bank at a member institution, you will likely be choosing a larger bank with many branch locations, alternatively, if you choose to hold an account with a nonmember bank, you’ll typically be choosing a smaller institution with fewer branch locations.
Pacific Mercantile Bank is owned by the holding company Pacific Mercantile Bancorp. Pacific Mercantile Bank is a state chartered commercial bank and member of the Federal Reserve System. The bank began operations on March 1, 1999. The bank, headquartered in Costa Mesa, California, operates eight financial centers in Orange, Los Angeles, San Bernardino and San
Yes, deposit insurance coverage can actually be increased if the accounts are held in different categories of ownership. These categories include single accounts, retirement accounts, joint accounts and revocable trust accounts. The accounts must be distinctly, different owned accounts.
The U.S. Census Bureau, a division of the Commerce Department, announced today that advance numbers for U.S. retail and food services sales for November were $355.7 billion, a decrease of 1.8 percent from October, the previous month. The total sales figure was a decrease of 7.4 percent below November 2007 numbers. These figures are adjusted