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The rule of 72 is a simplified way to determine how long an investment will take to double, given a fixed annual rate of interest. By dividing 72 by the annual rate of return investors can get a rough estimate of how many years it will take for the initial investment to duplicate itself.
Find current bank branch information for all Carolina Bank locations in North Carolina. Carolina Bank operates a total of nine branches including four branches in Greensboro and one branch in Asheboro, Burlington, High Point, Burlington, and Winston-Salem, NC. The Carolina Bank locations are listed by city with the complete bank branch address, bank branch phone
A person who holds property or who acts as a fiduciary on behalf of another person according to the terms establishd by the trust and the donor.
An independent bureau of the Treasury Department and the oldest federal financial regulatory body. The OCC oversees the nations federally chartered banks and promotes a system of bank supervision and regulation that: promotes safety and soundness by requiring that national banks adhere to sound management principles and comply with the law; and encourages banks
The Federal Reserve has three main functions. First, it provides the nations banks, thrifts and credit unions with certain services such as check processing and electronic funds transfers. Second, it is the bank for the U.S government and holds the government accounts for collections and disbursements. As part of this function it
Interest rates refused to march in unison last week with a number of interest yielding products moving in opposite directions. Short term Treasury rates moved lower as long term Treasury rates were pushed higher. Bank CD rates experienced higher yields as mortgage rates became cheaper. Better yields and lower costs, a good week for most
Mutual funds make saving and investing simple, accessible, and affordable. The advantages of mutual funds include professional management, diversification, variety, liquidity, affordability, convenience, ease of recordkeeping and strict government regulation, full disclosure and accountability.
There are three basic types of mutual funds, stock or equity funds, bond funds, and money market funds. These categories and their
A bank with a primary market in a regional or metropolitan area but takes deposits from throughout the state in which it is located. It is typically more expansive than a community bank, but more restrictive than a national financial institution or money center bank.
To collect the principal and interest on a certificate of deposit, bond, or other investment. Or to cash in mutual fund shares by selling them back to the fund. Mutual fund shares may be redeemed on any business day. You will receive the current share price, called net asset value, minus any deferred
Bank savings rates and lending rates were mostly lower for the week ending August 19, 2011. As this past week unfolded, Treasury rates moved consistently lower and bank savings rates and lending rates followed closely behind. By the time the week came to a close, Treasury rates ended measurably lower than where they started however;
Financial institutions are required by law to have a Customer Identification Program for the creation of new accounts. A new account may include, but is not limited to, a deposit account, an extension of credit, or the rental of a safe deposit box. The minimum information that a bank must obtain when opening
Most people are aware of credit reporting bureaus, which are agencies that determine a person’s credit worthiness through a numerical score between 300 and 800, (with 300 being the worst and 800 being the best). However, few are knowledgeable of ChexSystems, an organization that has the same concept as credit reporting bureaus. They
Most bank rates continued to decline through the close of January however, the best CD rates available at the nation’s banks showed a noticeable gain during the last week of the month. If this scenario were to progress, it would most certainly be a win-win for the average consumer with higher savings rates and lower
Signature Bank is a full service bank serving the Windsor market of Colorado and the surrounding area. The bank is located in Windsor, Colorado the Water Valley Village. Signature Bank is a locally owned bank engaging in basic banking business practices by providing a wide assortment of consumer and business bank products and services with
A self directed IRAs at an FDIC insured bank can be a valuable resource in personal financial planning. An IRA can hold a certificate of deposit and be insured up to $250,000.00 instead of the individual FDIC insurance limit of $100,000.00. You can be complete control of these funds and direct the type and maturity
Yes. Federal law allows banks to charge non-interest charges and fees, including deposit account service charges. All fees should be determined on a competitive basis within the market. Each bank should make the decision on the type, amount, and method of calculation based on sound banking judgment and safe and sound banking
Since the San Diego Chargers delivered such a good performance this weekend, it is only proper that we find a bank in San Diego that offers CD rates which can match the performance of the Chargers. Temecula Valley Bank is our choice for the best CD rates providing above average performance.
Temecula Valley Bank which has
A type of life insurance that helps repay a loan if you should die before the loan is fully repaid. This is optional coverage.
The monthly jobs report was, once again, stronger than expected. Stocks have finally made a move to the upside. Commodity prices have headed north bound, led by oil. All in all, good news for economic forecasters that are predicting a rebound in economic growth and, generally, bad news for bank lending rates. But, the interest
CD interest rates declined just marginally for the week ending June 3, 2011. The Selectcdrates.com composite index which covers the highest three month CD rates, six month CD rates, one year CD rates, two year CD rates and five year CD rates descended by just .002 percent on the week. The index now