Rates Current as of Thursday September 09, 2010

First South Bank Locations

Posted in December 31st, 2009

by admin in First South Bank Branch Locations

First South Bank was established in 1902 and is headquartered in Washington, North Carolina. First South Bank has 29 full service bank branch locations in eastern, northeastern, southeastern and central North Carolina as well as one loan production office. First South Bank operates as a subsidiary of First South Bancorp Inc.
First South Bank offers commercial [...]

CD Rate Updates

CD Interest Rates Continue to Fall July 19, 2010

National certificate of deposit rates once again moved lower for the week ending July 16, 2010. According to the most recent survey of bank CD rates performed by Selectcdrates.com, CD interest rates were lower for three of the five CD maturities measured and remained unchanged for the remaining two terms.
The average of the top [...]

Bank CD Interest Rates June 21, 2010

Certificate of deposit interest rates were just fractionally lower for the week ending June 18, 2010 based on the survey of bank CD rates performed by Selectcdrates.com. National CD rates for the three month, six month and two year maturities ended the week unchanged from the prior week. The one year and five [...]

Bank Certificate of Deposit Rates June 14, 2010

Certificate of deposit interest rates ended the week on June 11th with mixed results across the various maturities. The average yield for the five year CD rates ended with a gain on the week while the six month and one year term CDs remained unchanged. Unfortunately, the average rate on the top ten [...]

Banking & CD FAQs

Where can I find the FDIC’s watch list of troubled banks?

The FDIC does not publish that list. Although the FDIC periodically announces the number of banks they have on the watch list, they do not believe it would be prudent to relesease the names of the banks to the public. The obvious conclusion is that the FDIC is trying to bring these banks

What is FDIC’s role in a bank failure?

In the event of a bank failure, the FDIC acts in two capacities. First, as the insurer of the bank’s deposits, the FDIC pays insurance to the depositors up to the insurance limit. Second, the FDIC, as the receiver of the failed bank, assumes the task of selling and or collecting the assets of

If I am concerned about rising inflation how should I manage my bank finances better to handle this situation?

Laddering is one fundamental strategy to protect your assets and maximize returns in a rising inflationary market. Laddering involves buying securities, in this case – bank certificate of deposits that mature at varying intervals. With this strategy your CDs with short terms will have a slightly lower rate of return than the longer

I deposited a third-party check and spent some of the funds. My bank has now informed me that this check was insufficient and that I am liable for the entire amount. Is this correct?

Depending on the circumstances and your State’s laws, you may be held responsible for the entire amount of the check that you cash at the bank or deposit into your account. If your bank credited your account for a check that was later found to be insufficient, the bank can reverse the funds. As the

Bank Deals

Roth IRA Accounts

About Us | Contact Us

First South Bank Locations

CD Rate Updates

Banking & CD FAQs

Bank Deals

Roth IRA Accounts

Bank & CD Tips