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The FDIC warns that not all banks operating on the Internet are insured by the FDIC. Many banks that are not FDIC-insured are chartered overseas. If you choose to use a bank chartered overseas, it’s important to know that the FDIC may not insure your deposits. Check with your bank or the FDIC if you’re
A written agreement that explains the terms and conditions of the account, credit usage and payment by the cardholder, and duties and responsibilities of the card issuer.
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
Find the latest information on the largest bank mortgage lenders in Mississippi. Mortgage shoppers searching for current Mississippi mortgage rates to purchase or mortgage refinance rates in MS need to first have an understanding of the types of mortgages available and the corresponding interest rates to obtain the best rates and terms in the market.
A share of ownership or equity in a corporation.
CD investors and savers had to endure some more pain over the past week as CD interest rates moved lower one more time this year. The average bank CD rate as measured by the Selectcdrates.com CD rate index was lower by just over one basis point. The average CD rate, per the CD rate index,
A depositor forfeits interest or is assessed a service charge for withdrawing funds from or closing out a time deposit before its maturity date
Finding a financial institution to suit your needs with whom you want to establish a banking relationship was generally accomplished by selecting the closest bank or credit union to a person’s house or place of employment. As costs of banking have increased and the desire to extract higher returns on CDs and bank accounts
The investment principle that an investment must offer higher potential returns as compensation for the likelihood of increased volatility.
Business costs paid from a fund’s assets before earnings are distributed to shareholders. These include management fees and 12b-1 fees and other expenses.
Murphy Bank is one of many FDIC insured banks in California but is not like most other California banks. Murphy Bank was founded in 1984 and is based in Fresno, California. The bank has just the one location in California. Murphy Bank offers both personal and commercial banking services from that one bank office.
In a roller coaster investment climate it is wise to review your short term savings accounts and options. There are a wide variety of short-term savings vehicles available. As the financial market rides up and down, many financial institutions become more aggressive on the interest rates they offer to attract more depositors. Assess each alternative based on
The organization that sells a mutual fund’s shares to broker-dealers and investors.
Fair Housing Act (1968)
Prohibits discrimination in the extension of housing credit on the basis of race, color, religion, national origin, sex, handicap, or family status.
Truth in Lending Act (1968)
Requires uniform methods for computing the cost of credit and for disclosing credit terms. Gives borrowers the right to cancel, within three days, certain loans secured by
Rate cuts by the Fed generally lead to a reduction in rates across the board. That equates to reductions in Treasury yields, reductions in the prime rate, reductions in bank savings rates and bank certificate of deposit interest rates. It also should lead to reductions in mortgage rates, auto loan rates and commercial loan rates.
Dubuque Bank & Trust Company operates five offices in Dubuque, Iowa and offices in the nearby communities of Epworth, Farley and Holy Cross. The bank has been serving the region since 1935 and has been a member of FDIC since that time. With assets in excess of $1 billion, it is among the largest commercial
This time of year it’s nice to bring in promotions by banks in market areas not normally covered. One such bank is Commerce Bank of Wyoming. Commerce bank of Wyoming has a promotion for a 27 month certificate of deposit that has an interest rate of 4.00%. This particular CD is a step up CD.
The conversion of data on a check into an electronic image after a check enters the processing system. Check truncation eliminates the need to return canceled checks to customers.
Generally, a national bank can change the terms of a business checking account as long as the bank notifies account holders at least 30 days before implementing a change to the bank’s availability policy. Exception: Any change that expedites (speeds up) the availability of funds, a positive impact for the consumer, may be disclosed
Under banking laws and regulations, a national bank cannot advertise a free account if you could be charged a maintenance or activity fee. But your bank can offer a free account and still charge for certain services such as check printing, ATM use, or overdrafts. Just because an account is advertised as free