Similiar Content You Might Enjoy
A detailed report of an individual’s credit history prepared by a credit bureau and used by a lender in determining a loan applicant’s creditworthiness.
As September comes to a close, bank rates are pulling back slightly from the brief run up mid-month. A lot of the pull back and rate changes are based on the lead provided by the Treasury market. Mid-term and long term Treasury rates jumped right after the first week of the month but pared their
Any day on which offices of a bank are open to the public for carrying on substantially all of the bank’s business.
A term used synonymously with paper money or currency issued by a bank. Notes are, in effect, a promise to pay the bearer on demand the amount stated on the face of the note. Federal Reserve Banks are the only institutions authorized to issue bank notes.
The property or a portion of property offered as security.
Bank rates dropped backed down during the second week of March after rising with some vigor in the previous week following the release of the monthly jobs report. The better than expected jobs growth numbers presented in the report by the government on Friday put a bit of shock into the interest rate market as
Most all banks are now very similar in the US. Technically, there are three main types of depository institutions or banks; banks, thrifts and credit unions. Thrifts and banks are very similar in structure, regulation and products offered. Credit unions are have some restrictions on members and are generally only available regionally.
Represent ownership in the same fund, but charge different fees. This can enable shareholders to choose the type of fee structure that best suits their particular needs.
West Shore Bank has been providing mortgage loans to consumers in Michigan since the early 1900’s. The bank has prospered in home real estate financing in The Great Lakes State due to the attention the bank gives to this segment of banking. West Shore Bank emphasizes its home loan offerings with flexible terms, competitive mortgage
Yesterday’s interest rate movements were somewhat curious based on the data that was delivered. The ISM or Institute for Supply Management manufacturing index showed growth for the first time in 19 months. President Obama chimed in,” It is a sign that we’re on the path to economic recovery. “ However, the bond market apparently is
An organization employed by a mutual fund to give professional advice on the
fund’s investments and asset management practices.
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
Technically, a person who has filed a petition for relief under the bankruptcy laws. More generally, anyone who owes money.
Prime rate is a term applied to a reference an interest rate that is utilized by banks and financial institutions for lending purposes.
The prime rate was a term originally used to identify the rate at which banks lend to their best and most favored customers, though this is no longer the case in general.
You probably have noticed that many brokerage houses are expanding into areas other than investments. This is a natural expansion for many brokers as money and banking become more virtual, and the new revenue streams help to offset the discounted prices for trades. You’re already invested with your broker, should you use him
Many factors affect the rate paid on different maturity CDs. One significant factor is inflation. Inflation expectations generally result in longer interest rates being higher than shorter-term interest rates. Creditors want to be compensated for the use of their funds plus a sufficient return to compensate for the erosion of their purchasing
West End Bank has the best one year CD rate in Indiana. Quite frankly the term on the CD is only 10 months, but that’s close enough to a one year CD for placement in the one year term CD category. The interest rate is on this certificate of deposit is 4.00% APY. The minimum
Castroville State Bank is a Texas based bank with its sole office and headquarters located in Castroville, Texas. The bank was established in 1959. Castroville State Bank offers customers in the Medina Valley and surrounding areas both personal and commercial banking products and services.
The bank offers several different checking account options from a no fee
A person or institution that manages trust accounts.
Rates of interest paid on deposits and other investments, determined by the interaction of the supply of and demand for funds in financial markets.