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U.S. Treasury rates are considered one of the most secure investment vehicles in the market. Treasury yields are backed by the full faith and credit of the U.S. government. Unfortunately with the security comes returns that are scarcely better than filling your mattress with the cash. The interest rate on 26 week treasury bills on
A debt instrument used in a real estate transaction where the property is the collateral for the loan. A mortgage gives the lender a right to take possession of the property if the borrower fails to pay off the loan.
“Breaking the buck” occurs when a money market fund is unable to repay its $1.00 NAV per share. Since Rule 2a-7 was adopted in 1983, only once has a money market fund failed to repay the full principal amount of its shareholders’ investments. In that case, a small institutional money market fund in 1994 “broke
The date on which checks payable at local or non-local banks are considered to be collected and available for customers’ withdrawal.
It’s not unusual for your credit card interest rate to jump to 25 or 30 percent if you make a late payment. If you have trouble keeping track of your due dates, consider setting up an automatic payment from your checking account each month.
A specialist employed by a mutual fund’s adviser to invest the fund’s assets in accordance with predetermined investment objectives.
Reviewing bank checking account statements is an essential task for budgeting and evaluating account costs. This is also true for credit card statements and investment accounts such as savings accounts and money market account statements. Solid record keeping is the key to understanding how you can best implement a strategy to save money and reduce costs. Good
Building support in the US economy and local markets has pushed mortgage rates and credit card rates higher over the past week. Confidence in the housing market and the stronger jobs number, though it was shrouded in questions regarding the validity of the data, has provided some support for growth in the US economy. At
National Bank is a community bank in Virginia that has been in business since 1891. The bank has 25 locations throughout southwest Virginia. National Bank is headquartered in Blacksburg, VA, the home of Virginia Tech. The bank offers a wide array of consumer and business banking products and serves customers from a broad spectrum of
This weekNovember 18, 2008
Last WeekNovember 12, 2008
One Year AgoNovember 13, 2007
Federal Funds Target Rate
Federal Funds Effective Rate
Discount Window Rate
3 Month Treasury Bill
6 Month Treasury Bill
1 Year Treasury Bill
3 Year Treasury Bond
5 Year Treasury Bond
10 Year Treasury Bond
5 Year Inflation Indexed Treasury Bond
3 Month Commercial Paper
3 Month Eurodollar Deposit
Federal Reserve Banks lend funds to depository institutions at the discount window. The discount rate is the interest rate charged to banks when they borrow from the Fed. If an eligible institutions needs to borrow money from the central bank they get access to these funds from their regional Federal Reserve Bank’s disount
Compound interest is an extremely important tool that will help most investors better understand how to maximize their rate of return and reach their financial goals. Whether interest rates are low or high, incremental differences in investment rates of return add up over time with the power of compound interest. Understanding the dynamics of interest
Oregon Coast Bank is a locally owned state chartered bank headquartered in Newport, Oregon. Oregon Coast Bank has been FDIC insured since July 8, 2002. The bank is chartered as a Federal Reserve Non-member bank. Therefore the primary regulator is the Federal Deposit Insurance Corporation (FDIC). The bank has four bank branches in Newport, Pacific
CD rates continue to remain extraordinarily high during the fourth quarter. Competition among banks has kept interest rates up for most of this year. With the funds rate pushed down to a meager 1% and fruther economic weakness showing no sign of letting up, it would certainly not be surprising to see some declines in
The current CD rates promoted by Greer State Bank in South Carolina for a 6 month and 12 month term CD are approximately twice the national average CD rate for those terms.
Greer State Bank is a state chartered bank in SC that is currently promoting a number of different CD rate deals. The South Carolina
Scott Valley Bank is California’s oldest independent bank. The bank was established in 1912 and has been FDIC insured since January 1, 1934. Scott Valley Bank is chartered as a Federal Reserve Non-member. Therefore the primary regulator is the Federal Deposit Insurance Corporation (FDIC).
As of March 31, 2009 Scott Valley Bank had approximately 113 total
Commercial paper is a money market security issued by large banks and corporations. It is generally not used to finance long term investments but more accurately to purchase inventory or for working capital. Commercial paper may be compared as an alternative to a line of credit offered by a bank for a commercial business. Often
The first step to budgeting your money is to fully understand how you spend your money today. The best method to get a handle on your expenses is to write down every purchase you make for two weeks or a month if you can. This may sound annoying to do, but you will come
Bonds that pay interest but the interest is dependent on earnings benchmarks for the issuing firm.
BBVA Compass Annouces iPad App for Online Banking.
BBVA Compass Bank has added an iPad application for mobile banking. BBVA Compass Banks is not alone in generating applications for new mobile banking and online banking services in 2010 but it is certainly one of the few iPad applications released by banks that are available for