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A brokered CD is a CD that is sold through an intermediary, usually a brokerage firm, rather than directly by the bank or savings institution itself. Brokered CDs are issued by banks but are made available to the customers of the deposit broker. Some banks, besides providing CDs directly to their customers, broaden the number
Twin River National Bank was established on November 15, 1979. The bank has been FDIC insured since that time. Twin River National Bank is chartered as a National Bank. The primary regulator is the Office of the Comptroller of the Currency. The bank has assets of approximately $52,157,000 at the end of 2008 and net
Platinum Bank is a Florida bank that was established in December 1997. The bank is headquartered in Brandon, Florida with branches in Lakeland, Tampa, Plant City, and Winter Haven, Florida. The bank’s primary market area consists principally of Hillsborough and Polk counties and the surrounding areas.
Platinum Bank’s business strategy is to cater to consumers, professionals,
Online banking has become a very secure method of transacting business. Online banking can be used for funds transfers, account maintenance, bill paying and other services. Often, the interest rates on online only accounts are some of he highest rates available and this includes savings accounts, money market accounts as well as certificates of deposit.
A certificate of deposit entitles the holder to receive interest that may either variable or fixed. A bank CD carries a maturity date or term, a specified interest rate and can be issued in just about any amount. CDs are generally issued by commercial banks and are insured by the FDIC. The term of a
Carolina Premier Bank is promoting the interest rates on four key savings products offered by the bank. The bank has a passbook savings account that requires a minimum balance of only $200.00. The interest rate on the savings account is 3.00% APY. The bank is also promoting a one year CD that has a minimum
Even though they employ some of the most sophisticated and advanced software and machinery, banks are still known to make mistakes. Typically they’re a result of human error somewhere down the line, but the reason for the error is virtually irrelevant; the fact is that they do happen, more frequently than you probably imagine. The
You may write your checks in numerical order, but that doesn’t mean the bank will post them that way. The same is true with point-of-sale or other electronic transactions: They don’t necessarily post in the order in which you made the purchases.
When several items come to the bank for clearing, it can choose to
Bank of Smithtown is a 98 year old community bank headquartered in Hauppauge, New York. The bank has 15 bank branches located along the north shore of Long Island. It is a full service commercial bank focused upon serving small business customers and consumers. The bank also offers insurance, trust and investment services. The bank
Mutual fund fees have two basic categories of costs. Shareholder fees that would include the costs funds charge when shares are purchased or redeemed. In addition, all funds will have operating expenses, which represent the costs of running the fund. A mutual fund’s fees and expenses are required by law to be clearly disclosed to
Fireside Bank is an FDIC insured and regulated California industrial bank operating throughout the United States. The primary business of Fireside Bank includes: certificates of deposit (CDs) and competitive non-prime automobile lending programs that are offered to consumers by thousands of automobile dealers around the country
Fireside Bank was established on December 31, 1950. Fireside Bank
Generally, a traditional IRA owner must begin taking money out of the account by April 1 of the year after he or she turns 70 1/2. The amount is a minimum distribution determined by the account holder’s age and life expectancy. The IRS has established simplified tables that a traditional IRA owner can
The top CD interest rates available nationally barely budged over the past week. The highest CD rates moved lower on the week but by the smallest of increments and remain in a very tight range. The Selectcdrates.com index of the top ten CD rates for three month CDs, six month CDs, one year CDs, two
From day to day, the amount of reserves a bank wants to hold may change as its deposits and transactions change. When a depositor writes a check against his account, that bank must surrender that amount in reserves to the payee’s bank for the check to clear. Reserves are constantly moving from one
Check 21 is a new Federal law that changes the way banks process paper checks, substantially speeding a check’s clearance through the system. Check 21 is designed to enable banks to handle more checks electronically, which should make check processing faster and more efficient. Today, banks often must physically move original paper checks
The maximum rate of interest lenders may charge borrowers. State law generally sets the usury rate.
Bank of Botetourt has a great 6 month CD special offer. The 6 month CD has an interest rate of 3.79% APY. The CD rate provides a guaranteed rate of return with a federally insured CD account. This CD rate is in the top 5 CD rates for the state of Virginia. However, this is
CD interest rates took a pretty big fall this past week. Economic uncertainty combined with government debt problems in the U.S. and in Europe is the biggest dynamic influencing the direction of interest rates. Based on the most recent economic figures and Fed statements, a slow economy looks to be in the forecast for some
The Fed Funds rate is the rate that one depository institution charges another for overnight funds that are available from excess reserves. The Federal Reserve does not set this rate, but does establish a target. The target is essentially manipulated by using various tools of monetary policy such as; open market operations, discount
A summary of all transactions that occurred over the preceding month and could be associated with a deposit account or a credit card account.
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