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The bank upon which a check is drawn.
Amalgamated Bank was founded in 1923 by the Amalgamated Clothing Workers of America, is a commercial bank chartered in New York with nationwide service. Amalgamated Bank has bank branches in New York, California, Nevada, New Jersey and Washington, D.C. The bank a full line of commercial and individual banking services offered in the geographic areas
A deposit account designated by its owner to be held “in trust for” a named beneficiary. The designation is completely revocable, and the funds remain the property of the account owner until the owner’s death. If the “in trust for” designation remains at the owner’s death, the account operates much like a “payable on
The supplementary document to a prospectus that contains more detailed information about a mutual fund; also known as “Part B” of the prospectus.
CNBBankDirect is a division of Citizens National Bank based in Ohio and offers some of the best CD interest rates and online savings account rates available nationally. Not only does the bank offer bank savings rates that are among the top ten highest bank rates available but the bank is often not recognized for
A fund designed to track the performance of a market index. The fund’s portfolio of securities mirrors that of the designated market index.
A deposit that earns interest such as a savings account, money market deposit account or a certificate of deposit.
The collection of funds on an account which a bank charged off earlier.
Robert R. Prechter Jr., the founder of Elliott Wave International spoke on CNBC in the last week of January where he discussed his view about extreme optimism and valuations in the market concluding that the best investments now are in cash equivalent investments and the U.S. dollar.
During the January 26, 2010 interview Prechter went on
Brannen Bank has been providing banking service in Florida since 1926. The bank is Citrus County’s oldest and one of its largest commercial banks. Brannen Bank was the only bank in Citrus County, Florida to survive the economic crash of 1929 and the Great Depression.
Now, Brannen Bank has grown and expanded to twelve bank branches
One of the first steps to choosing a money market mutual fund is selecting the category of money market fund. When identifying the type of fund to invest in the main category delineations are whether to invest in are taxable and tax exempt money market funds. Tax exempt money market funds can be further evaluated
Sovereign Bank has been running two ads publicizing the banks strength and the interest rate campaign on CDs it is currently running. Both ads are found in the New Jersey Star-Ledger on Nov. 2, 2008. The first ad is on the acquisition of Sovereign Bank by Santander. Banco Santander had announced they were acquiring the
A law implemented by banking Regulation B. Prohibits creditors from discriminating against credit applicants on the basis of race, color, religion, national origin, sex, marital status, age, or because an applicant receives income from a public assistance program.
Many banks now use digital images of checks instead of the actual checks in order to transfer money more quickly. Don’t assume that you have plenty of time to cover a check that you’ve written with insufficient funds.
A certificate of deposit is considered one of the best ways to save money. Banks offer several different types of savings accounts from which you can choose, but a certificate of deposit usually has the highest interest rate. This bank product account allows the accountholder to earn interest at a fixed rate on funds that
A depository institution, commercial bank, mutual savings bank, savings and loan association, credit union, or U.S. agency or branch of a foreign bank that is not a member of the Federal Reserve System. Nonmember depository institutions that offer transaction accounts or nonpersonal time deposits are subject to reserve requirements set by the Federal Reserve,
Another fee charged by many money market funds advisors is the so-called 12b-1 fee named after an SEC rule that reimburses the fund’s sponsor for the advertising and marketing costs associated with distributing shares. Other money market funds operating expenses cover the custody of securities and transactions and communications with shareholders. In addition to operating
An application or offer to purchase a U.S. Treasury bill, note, or bond.
Maximizing a savings plan by increasing returns and reducing costs with your bank is a prudent start to a building financial security. Maximize the returns by searching for the best savings rates, money market rates and CD rates available. Reduce costs by monitoring bank fees and reducing or eliminating fees by switching bank accounts for
Some banks still return the physical check, but it is not likely to last much longer. As banking moves online, so have your cancelled checks. Most large banks now will show you scanned copies of your checks within days of when they clear. Digital images of checks reduces processing time and reduces