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Certificates of deposit held by consumers in Kansas continue to be one of the most widely held bank investments. Olpe State Bank is one Kansas based bank has maintained an assortment of savings products for consumers to choose from including FDIC insured CDs. The banks offer a wide variety of CD terms and CD rates
Comparing Services Offered
Here’s a brief list of some of the general services you may be looking for in your bank.
Online Bill Payment
High-Interest Checking Accounts
Funds Availability Schedule
Debit and Credit Cards
Money Market Accounts
Express Checking Accounts
American State Bank was established on September 1, 1913. The bank has been FDIC insured since 1934. American State Bank is chartered as a Federal Reserve Non-member; the primary regulator is the Federal Deposit Insurance Corporation (FDIC). The bank has assets of approximately $440,000,000. Through the first nine months of 2008, the bank had net
Simplified Employee Pension Plan. Allows employers to set aside money in retirement accounts for themselves and their employees. Under a SEP, an employer contributes directly to traditional individual retirement accounts (SEP-IRAs) for all employees, including the employer.
The prime rate is a base rate that banks use to set the interest rate on many of their commercial loan and consumer loan products. The term originally identified the classification of a prime customer as one considered to be the banks most credit worthy customer. The default risk of a borrower,
An account that has little or no activity; neither deposits nor withdrawals having been posted to the account for a significant period of time.
Bank of Lake Mills is a private, state chartered bank located in Lake Mills, WI. Bank of Lake Mills offers a full line of bank products and services to the community. The bank offers checking accounts, savings accounts, money market accounts, CDs, personal loans, automobile loans both new and used, business loans, farm loans as
Three more banks failed Friday, November 21, 2008. The Office of Thrift Supervision closed two California thrifts, Downey Savings & Loan and PFF Bank & Trust. The state regulators in Georgia closed Community Bank of Loganville. The Federal Deposit Insurance Corp. took all three companies into receivership.
U.S. Bancorp bought all the deposits and some of
CD interest rates for the week ending October 9, 2009 were mostly lower with the exception of the one year CD rates which managed to hold steady without a change to the average yield.
The average of the best six month CD rates available nationally dropped by two basis points or 2/100 week over week. The
Fed funds transactions can be initiated by either a funds lender or a funds borrower. An institution seeking to lend fed funds identifies a borrower directly, through an existing banking relationship, or indirectly, through a fed funds broker. The most commonly used method to transfer funds between depository institutions is for the lending
Renewed financial trouble brewing in Europe, the government sequester spending cuts impact on the economy, slow growth in China, it’s just not clear what news in the market brought a rush of money into fixed income assets that has driven prices higher and interest rates lower last week. The end result is clear, lower mortgage
Bank of Utica was founded in 1927 and is based in Utica, New York and is a locally owned and operated commercial bank. Bank of Utica has been serving the Mohawk Valley for over 80 years with great New York CD rates, consumer products and personal service. The bank offers both personal and commercial banking
While bank rates remain low, Bank of the West is promoting an online savings account that offers an interest rate that is one of the top ten highest savings account yields available nationwide and is above the national average rate for 6 month CDs, one year CDs and two year CDs.
Bank of the West has
First Federal Bank of California was founded in 1929. First Federal Bank of California operates 39 retail bank branch offices in Southern California. The bank is the fourth largest Los Angeles-based financial institution with $7 billion in assets.
First Federal Bank of California offers a wide spectrum of bank products and services. At the present time,
Big Horn Federal Savings Bank is a mutual savings bank headquartered in Greybull, Wyoming with five additional full service bank branches in the surrounding region. The bank was established on January 1, 1935 and has been FDIC insured since February 28, 1936. Big Horn Federal Savings Bank is chartered as a Savings Association. Therefore the
In a roller coaster investment climate it is wise to review your short term savings accounts and options. There are a wide variety of short-term savings vehicles available. As the financial market rides up and down, many financial institutions become more aggressive on the interest rates they offer to attract more depositors. Assess each alternative based on
The risk that a portion of an investment’s return that is driven or the result of inflation expectations.
Writing a check in an amount that will overdraw the account but making up the deficiency by depositing another check on another bank. For example, mailing a check for the mortgage when your checking account has insufficient funds to cover the check, but counting on receiving and depositing your paycheck before the mortgage company
No. If the funds are credited to your account in error, the bank doesn’t need your permission to remove funds. The bank may correct the error by exercising its legal right of off-set. This right allows a national bank to charge your account for a debt owed to the bank. To
As the markets absorb the new Fed policy to buy long term bonds, referred to as operation Twist, certificate of deposit rates continue to press on to lower levels. This week, CD interest rates reacted to the Fed’s desire to drive long term rates lower with CD rates experiencing yet another down week. Unfortunately, it