Rates Current as of Tuesday February 07, 2012

Club Account

Special purposes savings accounts that normally pay interest, use passbook ledgers, and have a short term designated maturity time. The most common club account is a Christmas club.

This entry was posted on Saturday, October 11th, 2008 at 6:26 pm and is filed under Glossary. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.

No user commented in " Club Account "

Follow-up comment rss or Leave a Trackback

Similiar Content You Might Enjoy

Adviser

An organization employed by a mutual fund to give professional advice on the fund’s investments and asset management practices also called the investment adviser.

Highest Three Year CD Rate in Maine

A bank that has the distinction of being the “Oldest Bank in Maine” happens to offer the best three CD rate in Maine. Having been established in 1827, Saco & Biddeford Savings pronounces that they are the oldest bank in Maine. The top CD rate being offered by Saco & Biddeford Savings has an interest

Minnesota CD Rates with Think Mutual Bank

Think Mutual Bank is a full-service banking institution based in Rochester, Minnesota. The bank was formed in 2007 and is chartered as savings association regulated by the Office of Thrift Supervision. Think Mutual Bank offers personal and commercial banking services. The bank offers a wide variety of consumer loan options, a full range of deposit

CD Interest Rates, Mortgage Rates and More May 9, 2011

The labor department posted good news on Friday with a stronger than expected labor report, this is a sign of strengthening economy in the short term as well as over the long term should the job growth continue. Oil prices also pulled back last week taking some pressure off of inflation expectations. The

Bank Accounts, CD Rates and FDIC Insurance

Holding a certain amount of assets in bank accounts is very important. Bank accounts not only provide valuable services and competitive interest rates but the investments in standard bank accounts such as money market accounts, savings account and bank CDs are guaranteed by FDIC insurance or the backing of the financial security of the US

Sovereign Bank CDs and Money Market Savings

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

Federal Reserve System Wholesale Services

Fedwire Funds Service The Fedwire Funds Service provides a real-time gross settlement system in which more than 9,500 participants are able to initiate electronic funds transfers that are immediate, final, and irrevocable. Banks and other depository institutions that maintain an account with a Reserve Bank are eligible to use the service to send payments directly to,

CD Rates with Renasant Bank

Renasant Corporation is the parent of both Renasant Bank and Renasant Insurance. As of December 31, 2008, Renasant had assets of approximately $3.7 billion and operated over 65 banking, mortgage, financial services and insurance offices in Mississippi, Tennessee and Alabama. Renasant Bank offers an assortment of personal and business banking and investment services. With flexible terms

Savings and CD Rates at Saigon National Bank

Saigon National Bank is based in Westminster, California. Saigon National Bank is a locally owned community bank devoted to serving the financial needs of the Vietnamese business community in Southern California. The bank has one location where it provides both consumer bank products and services as well as business products and services. Saigon National Bank has

Escrow Funds

Funds held in reserve by a mortgage company to pay taxes, insurance, and other mortgage-related items when due. Can also refer to money, property, a deed or a bond placed in the custody of a third party for delivery to a recipient only when the recipient has fulfilled specified conditions.

Republic First Bank Top Money Market in Philadelphia Inquirer

In the Nov. 9th, 2008 of the Philadelphia Inquirer, Republic First Bank is offering a money market account at 3.25% on a minimum balance of only $5,000.00. The 3.25% interest rate puts Republic First Bank in the top 10 rates for Pennsylvania. Republic First Bank can be reached at 888-875-2265. The website for Republic First

Apple Valley Bank CD Rates, Connecticut

Apple Valley Bank & Trust Company operates three offices in Cheshire, Southington and Wallingford, Connecticut. The bank was founded in 2001 and offers personal and commercial banking services. Apple Valley Bank offers local staff to help with an assortment of banking needs. Bank products and services range from car loans and commercial construction loans to

Review Financial Statements for the Best Rates and Features

Don’t forget to periodically review all your short term savings accounts and existing bank accounts. Financial institutions, including banks and money market mutual funds, are constantly changing the products and services they offer. By reviewing your accounts you can be assured that you have signed up for the right services and the right accounts that are presently

FDIC Swoops into Illinois and Slams the Door on Seven Banks

The FDIC was visiting Illinois on Friday and by the end of the day closed the doors on six Illinois based banks. The banks placed into receivership with the FDIC included New Century Bank based in Chicago, Citizens Bank & Trust Company of Chicago, Broadway Bank based in Chicago, Lincoln Park Savings Bank in Chicago,

Market Interest Rates

Rates of interest paid on deposits and other investments, determined by the interaction of the supply of and demand for funds in financial markets.

Two Short Term CD Rates That Got Away

Article Summary: Best short term CD rate – Danversbank with a four month CD rate of 2.50%. Best one year CD rate ( almost ) – Choice Financial 13 month CD rate of 2.50%. Best mid term CD rate – State Farm Bank with a 28 month CD rate of 2.75%. Best long term CD rate – US Bank 59

Mutual Fund

A fund operated by an investment company that raises money from shareholders and invests it in stocks, bonds, options, commodities, or money market securities. These funds offer investors the advantages of diversification and professional management. To participate, the investor may pay fees and expenses. Mutual funds are not covered by FDIC insurance.

Measure of the U.S. money stock that consists of M1, certain overnight repurchase agreements and certain overnight Eurodollars, savings deposits including money market deposit accounts, time deposits in amounts of less than $100,000, and balances in money market mutual funds other than those restricted to institutional investors.

Bank CD Rates at Capital Community Bank Utah

Capital Community Bank was founding in 1993. The bank serves Utah county residents through four full-service offices in Orem, Provo, Salem, and Pleasant Grove. The bank offers various saving and checking accounts as well as loan products including conventional business loans and small business loans. The Bank also provides consumer loans, commercial and residential real

CD Rates in Dupage County

First DuPage Bank is a state chartered, FDIC-insured commercial bank that has been open since June of 1999. The bank moved into its new quarters to Westmont, Illinois on November 2000. The bank offers personal and commercial banking services. As a community bank, the bank has several goals including the goal to provide loans to their

CD Rate Updates

CD Interest Rates Mildly Lower January 30, 2012

In the most recent survey of bank CD rates conducted by Selectcdrates.com, CD rates slumped slightly compounding last week’s similar dip. The average yield on the Selectcdrates.com CD rate index moved down to 1.081 percent from an average rate of 1.087 percent found in the previous rate survey. The Selectcdrates.com index covers the top ten [...]

CD Interest Rates Hold Steady January 23, 2012

CD rates remained relatively stable in the most recent survey of the top national CD rates. The average CD rate, as measured by the rates on the best three month, six month, one year, two year and five year CD rates, was unchanged from the previous week. The Selectcdrates.com weekly CD rate survey showed the [...]

CD Interest Rates Display Little Change January 16, 2012

The best CD interest rates available were little changed over the past week. Based on the most recent survey of bank CD rates performed by Selectcdrates.com, the average CD rate gave up less than one basis point or 1/100th of a percent week over week. The average CD rate on the highest three month CDs, [...]

Banking & CD FAQs

What is the FDIC insurance amount?

The basic insurance amount is $100,000 per depositor, per insured bank. This includes principal and accrued interest up to a total of $100,000. The $100,000 amount applies to all depositors of an insured bank except for owners of certain retirement accounts, which are insured up to $250,000 per owner, per insured bank. Deposits in separate

I was looking at the Prime Rate at two different banks and got two different numbes. Isn’t the Prime Rate the same at all banks?

No, it isn’t. The Prime Rate was initially established as the interest rate banks set for the most credit worthy clients to lend at, hence it is the “Prime” rate. It no longer carries that connotation; loans are often pried below or above prime for the lowest risk clients. Each bank in accord

I deposited a local check. When will my funds be available from the hold?

When funds become available for withdrawal depends primarily on the type of deposit. A local check (drawn on banks located in the same check-processing region as the bank in which you made the deposit) has second business day availability. Generally, a national bank must make the first $100 from the deposit available, for either

What is overdraft protection?

Overdraft protection is an agreement with the bank or financial institution to cover overdrafts on a checking account. This service will typically involve a fee and be limited to a preset maximum amount.

Best Rates on CDs
Best Interest Checking Account Rates

Discover Bank IRA CD Rates

Emigrant Direct
Sallie Mae Savings

Bank Deals
Checking Account Promotions
Chase Bank Promotions Bank of America Promotions
Capital One Promotions
Citibank Promotion

Second Chance Bank Account
Online Checking Accounts Roth IRA Accounts

Best Credit Card Rates Low Interest Credit Cards Business Credit Cards Credit Cards with Cash Back Credit Card Applications
Best Credit Card Offers
Low Interest Rate Credit Cards
Credit Cards for Bad Credit

Best Prepaid Cards
Chase Bank Credit Cards
Chase Credit Card Offer Chase Freedom Card
Chase Credit Card Interest Rates
Wells Credit Cards
Apply for Citibank Credit Card
Citicreditcard
Student Citi Card
Citibank Dividend Card Balance Transfer Credit Card HSBC Bank Household Bank Credit Card

Personal Checking Account
Bank Certificates of Deposit
Compare Savings Accounts
Setting Up a Bank Account Online Bank Services
Bank Information
Open a Bank Account
Bank Money Markets
Bank IRA Accounts

Mobile Banking Online Banking

CD Ladder
CD Loan

Best Checking Accounts

Senior Checking Account

Car Loan Rate

Business Checking

Online Brokers

----------Calculators ---------

Savings Account Calculator
Compound Interest Calculator
Mortgage Payment Calculator

About Us | Contact Us | Privacy Policy

Club Account

No user commented in " Club Account "

Leave A Reply

CD Rate Updates

Banking & CD FAQs

Bank & CD Tips