Similiar Content You Might Enjoy
With the stock market running scared and government debt issues here and abroad putting fear into the market, interest rates remained low last week. Skittish markets generally drive funds into the Treasury market pushing Treasury rates lower which keeps a lid on the movement on most other interest rate sensitive assets in the U.S. which
Identity fraud includes all types of crime in which someone wrongfully obtains and uses another person’s personal data in some way that involves fraud or deception, typically for economic gain. Identity theft is one type of identity fraud and is probably the most recognized form. Although identity theft is defined in many different
A substitute check is a paper copy of the front and back of the original check. A substitute check is slightly larger than a standard personal check so that it can contain a picture of your original check. A substitute check is legally the same as the original check if it accurately represents
Bank rates bounced around within a narrow range during the shortened, Thanksgiving holiday week. The week turned out to be a mixed bag regarding the direction of interest rates; however consumers were on losing the side of the interest rate action whether they were acting as borrowers or savers.
Bank savings rates turned lower by the
The state of Georgia has a plethora of banks offering short term CDs with interest rates at or above 4.00%. The following list is the best short term CDs in Georgia. To be on the list the bank must be headquartered or have a physical bank branch in the state of Georgia. During this evaluation
Newfield National Bank is headquartered in Newfield, New Jersey and operates a network of 12 branches in the area. Newfield National Bank is in the southern most portion of the State of New Jersey. The bank was established on January 1, 1934 as the First National Bank in Newfield. Newfield National Bank has been FDIC
The summary of transactions in an account over a selected period of time. Transactions include; previous balance, payments, credits, finance charges and new balance.
Rates on Treasury securities were measurably lower on the close on Wednesday. Six month CD rates dropped by just one basis point or 1/100 of a percent pulling the yield down to 0.14%. The one year Treasury was lower by a more substantial three basis points, leaving the yield at 0.34% at the end of
Mortgage rates were driven lower once again with the average 30 year mortgage rate shedding just over two basis points to 4.164%. One basis point is the equivalent of 1/100th of a percent. Not much of change but mortgage rates continue to cling to the lowest levels seen so far this year. While borrowing costs
There is no regulation governing how much money is required to open a new account, regardless of whether that account is a checking, savings or certificate of deposit. The minimum amount needed to open a new account is at the discretion of the individual financial institutions. They will be able to identify the
Controlling reserves either through availability or the rate at which reserves are carried is the backbone of the Feds forces. Understanding the reserves system is key to understanding why the Fed carries so much control over the whole financial system.
Reserve requirements are the percentage of deposits that depository institutions must hold in reserve and
The jury may still be deliberating on whether the U.S. economy is in full blown expansion mode or stuck in stasis but, the divergence between CD rates and mortgage rates paints a picture of an expanding economy.
This past week, interest rates were mostly lower across a wide spectrum of fixed income products. Lower rates were
Custer Federal Savings and Loan Association is a small, singular bank located in central Nebraska. The bank has approximately 13 full time employees. Custer Federal opened in March of 1925. The bank specializes in commercial lending but offers a variety consumer products including bank CDs.
Custer Federal offer CD’s for terms of 3, 6, 12, 18,
Direct obligations of the U.S. Government, issued by the U.S. Treasury’s Bureau of Public Debt as a means of financing the Federal Government. There are three types of securities issued: Treasury bills, Treasury bonds, and Treasury notes.
Sovereign Bank has been running two ads publicizing the banks strength and the interest rate campaign on CDs it is currently running. Both ads are found in the New Jersey Star-Ledger on Nov. 2, 2008. The first ad is on the acquisition of Sovereign Bank by Santander. Banco Santander had announced they were acquiring the
Yes. Your bank may still hold the funds per its funds availability policy. Or it may have placed an exception hold on the deposit. In many cases, if you know that the funds have been released by the paying bank, give this information to your bank and request an early release of
A check written by a depositor that has not yet been presented for payment to or paid by the depositor’s bank.
A NOW account is an interest-earning bank account with which the customer is permitted to write drafts against money held on deposit. Entities organized or operated to make a profit (e.g., corporations, partnerships, associations, business trusts) may not maintain NOW accounts. However, an individual doing business as (DBA) a sole proprietor or under
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,
Atlantic Coast Bank is a federally chartered mutual thrift or savings association. Therefore the primary regulator is the Office of Thrift Supervision (OTS). The bank was established on March 27, 1939. Atlantic Coast Bank has been FDIC insured since November 1, 2000
As of June 31, 2009, Atlantic Coast Bank had a total of 175 full-time