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The rates on banks lending to banks have been coming down measurably worldwide as central banks efforts to ease credit constraints are starting to show results. World banks have been cutting interest rates and pouring funds to their economies and financial system to increase lending activities and avoid a banking meltdown. The Federal Reserve’s action
A term referring to a person, other than the principle borrower, who signs for a loan. The cosigner(s) assumes equal liability for the loan.
Money market funds are strictly regulated by the U.S. Securities and Exchange Commission (SEC) pursuant to Rule 2a-7 under the Investment Company Act of 1940. Rule 2a-7 was established to establish numerous conditions intended to stabilize a fund’s $1.00 NAV. These conditions limit risk in a money market fund’s portfolio by governing the credit
Whitney Bank mortgage loans and mortgage rates are available to consumers in the five states served by the bank. Whitney National Bank has bank branches in Louisiana, Mississippi, Alabama, Texas and Florida where it provides various financial services including mortgage lending services.
Whitney National Bank offers a full range of mortgages for home purchases as well
Mortgage rates jumped higher on Friday after the release of the monthly jobs report by the U.S. Bureau of Labor Statistics. An unexpected drop in the unemployment rate and a larger than expected rise in the number of new jobs created gave another shot in the arm to the stock market and socked money away
A check written by a depositor that has not yet been presented for payment to or paid by the depositor’s bank.
CD interest rates worsened considerably over the past week while most bank rates and Treasury rates remained relatively stable. Greater stability in CD rates may have been expected this week as well since the stock market appears to be shrugging off concerns over European debt issues and dismal U.S economic growth.
The strengthening stock market is
At the close of Tuesday, Treasury rates were little changed. Short term rates ticked up slightly while longer term rates were even to modestly lower.
The six month Treasury rate moved up by one basis point or 1/100 of a percent for the day to close at 0.19%. The yield on the one year Treasury also
3rd Federal Bank now offers a 4 year CD with a rate of 4.00%. The balance amount required to open the CD account and receive the advertised rate is $500.00. 3rd Federal Bank has 14 branches in Bucks, Mercer, and Philadelphia counties. 3rd Federal Bank offers a wide-ranging menu of personal and business banking services.
The Fed Funds Rate is generally considered the primary tool that the Federal Open Market Committee of the Federal Reserve uses to influence interest rates and the economy. Changes in the Fed Funds Rate will have a significant effect on bank rates by influencing the borrowing cost of banks in the overnight lending market. The cost of
National banks must make funds available for withdrawal on the “payment date.” This is the date on which the funds are actually payable, not the date on which the bank received the deposit.
Improving economic data has driven interest rates higher including the rates on U.S. Treasuries and home mortgages however; CD rates did not follow along. Based on the most recent survey of the top bank CD rates performed by Selectcdrates.com, the national average CD rate moved down, not up for the week ending March 16, 2012.
Bank CD rates and mortgage rates were little changed for the week ending February 17, 2012. The change in bank rates or lack of change contrasts to the activity in Treasury securities. All but the shortest term Treasury securities experienced a rise in interest rates over the week while bank savings rates and lending rates
Robert R. Prechter Jr., the founder of Elliott Wave International spoke on CNBC in the last week of January where he discussed his view about extreme optimism and valuations in the market concluding that the best investments now are in cash equivalent investments and the U.S. dollar.
During the January 26, 2010 interview Prechter went on
Accounts called Christmas clubs offered by some banks have been around since the great depression. These accounts are simply savings accounts that established so a customer can make regular deposits over the year and withdraw the money at the en of the year for Christmas. These accounts pay very little interest and restrict
Victory Community Bank, established in 2002, is a full service neighborhood bank. The bank is headquartered in Ft. Mitchell, KY. Victory Community Bank has three bank branch locations serving the surrounding area. Victory Community Bank has been FDIC insured since December 9, 2002. Victory Community Bank is chartered as a Savings Association. Therefore the primary
A real-time estimate of an exchange-traded fund’s net asset value. Third-party providers calculate and disseminate this measure every 15 seconds during securities market trading hours.
The amount that remains in a customer bank, checking or savings account, or the amount that remains due from a customer on a loan account.
Not all savings account and savings investment vehicles are the same. Don’t assume that all savings products that appear to function like a bank deposit are insured by the FDIC. There are many products and companies that offer bank-like services that do not qualify for FDIC insurance. If you want the security of FDIC insurance
Depository institution that is a member of the Federal Reserve System. All federally chartered banks are automatically members of the System. State-chartered banks are divided into those that are members of the System, state member banks, and those that are not or nonmember banks.