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Short term interest rates were little change for the week ending October 14, 2011 while long term rates moved higher. Long term bank rates and Treasury rates bumped up right at the start of the week and remained elevated up to Friday’s close. Short term rates were more mixed over the same period, rising on
Westminster is located in the northwestern most corner of South Carolina in Oconee County which is often referred to as the ‘Golden Corner.’ The name is given because of the climate, the beautiful lakes and the beauty of its Blue Ridge Mountains. Resting in the foothills of the Appalachian Mountains, Westminster is close to Lakes
Equity bank has an ad running this weekend in the Dallas Morning News displaying a selection of their CD products. The bank is advertising three separate term CDs, the 12 month CD, 18 month CD and 48 month CD. The rate on the 12 month CD is 2.60%, the rate on the 18 month CD
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.
CD interest rates continue to plunge as banks remain awash with reserves and investors flock to the safety of U.S. Treasury bonds. CD interest rates have suffered from a number of fronts including the biggest force coming from the Fed’s position in 2011 to drive bank rates down in an effort to help the housing
Technically, a person who has filed a petition for relief under the bankruptcy laws. More generally, anyone who owes money.
An individual who cannot have any significant relationship with a mutual fund’s adviser or underwriter, in order to better enable the fund board to provide an independent check on the fund’s operations.
When bank rates are low and other investment products on the rise, count on the banking industry to come to the market with an exotic bank product tied to the hot investment of the day. EverBank has entered the foray recently with a limited time offer for a bank CD tied to commodity prices.
Community Reinvestment Act – a law requiring financial institutions to make loans in the areas where they receive deposits from, and encourages investment in community development.
The December 9, 2008 issue of the Dallas Morning News has an ad placed by NexBank advertising their 12 month CD. The bank CD has an interest rate 4.00% APY. The minimum deposit for the account is $10,000.00. This is certainly a top CD rate in the Dallas metro region. The NexBank ad copy reads,
Bank of Star Valley first opened for business on March 28, 1996. The bank has three bank branches in Afton, Thayne and Alpine Wyoming. Recently, The American Bankers Association named The Bank of Star Valley as one of the “Top Community Banks”. The bank ranked #17 out of 1,982 Non-S banks and thrifts across America
StellarOne Bank is one of the largest independent, commercial banks headquartered in the state of Virginia. StellarOne Bank is a traditional community bank, offering a full range of business and consumer banking services, including trust and wealth management services and competitive Virginia CD rates. The bank operates 60 full service bank branch locations, one loan
Banks generally do not charge for replacing ATM cards that are lost, stolen or otherwise inoperable. You may want to look at the fee schedule on your account agreement to verify any possible charges.
When shopping for a checking account, make sure that you avoid any headaches you may incur in the future by simply choosing free checking accounts. Banks will use a variety of savvy marketing techniques to get you as a customer. However, these accounts may not always be the best thing for your needs. If you
Huntington is marketing a linked CD account in the local newpapers and online. The CD account is for a 13 month term and earns an interest rate of 4.10%. In order to obtain that yield the CD account holder must have a qualifying Huntington deposit account. The monthly CD interest payments will be deposited directly
Amount of reserves held by an institution in excess of its reserve requirement and required clearing balance.
A term to describe the pricing on an investment such as a Treasury Bill, at less than its face value. Income on the investment usually comes from the sale of the investment at face value at maturity.
CD interest rates continued to slide further in 2010. The average interest rate on bank CDs available nationally was down slightly on all maturities for the week ending February 12, 2010. The rate activity among the best bank rates, however,was comparatively modest in light of the across the board drop in the average rates.
No. The prime rate is a benchmark rate used by institutions for pricing business and other credit. Banks set their own rates based on the demand for various kinds of loans, on the cost of money to the banks, and on the administrative costs of making loans. Each bank in accord with other rates
A self-regulatory organization with authority over firms that distribute mutual fund shares as well as other securities.