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Interest rates were mostly lower on the close of Monday, September 28. The six month Treasury rate dipped two basis points or 2/100 of a percent to close at 0.18%. The one year Treasury was down one basis point ending at 0.40%. The two year Treasury was unchanged at 0.98%. The five year Treasury rate
Check with your bank to see how much they charge for ordering checks. Bank customers are not required to pay for new printed checks from the bank. Consider buying your checks and supplies from less expensive sources, such as mail-order companies. If you write a lot of checks each month, the cost savings could be significant.
Political uncertainty pushed and pulled bank rates while the Christmas holiday approached. As the week before Christmas came to a close, interest rates came well off of their high points that had been reached early in the week and started to march modestly lower. Friday’s news of a clear problem with any resolution to the
A fund that imposes a one-time fee, either when fund shares are purchased (front-end load) or redeemed (back-end load), or a fund that charges a 12b-1 fee greater than 0.25 percent.
The percentage of a consumer’s monthly gross income that goes toward paying debts. Generally, the higher the ratio, the higher the perceived risk. Loans with higher risk are generally priced at a higher interest rate.
The FDIC is the Federal Deposit Insurance Corporation. It is the primary regulating body of state chartered banks that are not members of the Federal Reserve System. It insures the deposits of individual accounts up to $100,000.00 per account.
Flood insurance protects against water from an overflowing river or a hurricane’s tidal surge and also covers damage from water that builds up during storms.
Demand Deposit Account – a traditional checking account that does not earn interest.
Federal Reserve Currency and Coin Services
An important function of the Federal Reserve is ensuring that enough cash—that is, currency and coin—is in circulation to meet the public’s demand. When Congress established the Federal Reserve, it recognized that the public’s demand for cash is variable. This demand increases or decreases seasonally and as the level of
Mortgage rates, CD rates and credit card rates were flying in a holding pattern for the week ending February 22, 2013. Treasury rates pulled backed slightly with the benchmark, ten year Treasury bond, falling below 2.00% and closed at its lowest level for the month. The action in the Treasury market many be a tad
Signature Bank is a full service bank serving the Windsor market of Colorado and the surrounding area. The bank is located in Windsor, Colorado the Water Valley Village. Signature Bank is a locally owned bank engaging in basic banking business practices by providing a wide assortment of consumer and business bank products and services with
The Fed minutes for the meeting of the Federal Open Market Committee of the Federal Reserve System on December 15, 2008 and continued on to December 16, 2008 could be summed up as the Fed being concerned. There was almost no part of the Feds review of the current state of affairs that was not
Property that is offered to secure a loan or other credit and that becomes subject to seizure on default.
North Valley Bank which was established in 1963 is a locally owned community bank in Thornton, Colorado. The bank is a community bank serving Thornton, and Broomfield, Colorado. The bank is a FDIC-insured state chartered bank. North Valley Bank offers a full range of banking services, from basic checking to internet banking and CDs. The
The total return of a fund after the effects of taxes on distributions and/or redemptions have been assessed. Funds are required by federal securities law to calculate after-tax returns using standardized formulas based upon the highest tax rates. Consequently, they are not representative of the after-tax returns of most mutual fund shareholders.
Bank savings rates and lending rates were mostly lower by the close of Friday. Mortgage rates tumbled as did Treasury rates. CD rates were hurt for the short term bank CDs and long term bank CDs while holding steady for midterm CDs and credit card rates simply marched to beat of their own
Bank rates were held in a narrow range over the past week. Mortgage rates were only modestly above the previous weeks closing average after the better than expected jobs report was released on Friday pushed mortgage interest rates higher. For the better part of the week, mortgage rates were either moving sideways or sliding lower.
If you use a bank checking account or money market account that pays interest but charges a fee for a maintaining a minimum balance make sure you understand how the bank calculates the minimum balance in each monthly cycle. Banks calculate the minimum balance with varying methods inclduing an average of the balance of funds
Each mutual fund will have an investment objective. The investment objective will dictate some of the holdings and investment restrictions the type of money fund will have. As an example, government only money market funds will only invest in U.S. government obligations and those backed by U.S. government obligations. Other funds will specify the quality
The Internet is a convenient destination for consumers, general surfers, and for investors. Online banking and online investing has become increasingly popular for both the investor and for the financial institutions. Lower overheads for the banks, in particular, mean that they can pass some of these cost savings onto their potential customers.