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The European economic morass and fears of deflation have helped fuel a bond market rally in the U.S from the end of 2014 into 2015. The U.S bond market gains in recent weeks have been steered almost entirely by global events. The protracted bond market rally has pushed interest rates lower across a wide swath
McIntosh State Bank is a full service commercial bank, serving the Georgia counties of Butts, Jasper, and South Henry through offices in Jackson, Monticello, Locust Grove and McDonough Georgia. The bank was established in 1964. McIntosh State Bank is chartered as a Federal Reserve Non-member with the primary regulator being the Federal Deposit Insurance Corporation
Cole Taylor Bank has one of the top CD rates advertised in the Nov. 12th issue of the Chicago Tribune. The CD rates promoted are for a 15 month term CD and an 11 month term CD. The ad refers to the CD product as a “Stock Up CD.” The interest rate on the 15
After ending a five year CD rate promotion, Live Oak Bank has just fired up a chart topping two year CD rate promotion. The two year certificate of deposit at Live Oak has an interest rate of 1.50 percent and requires a minimum deposit of $75,000.00. This promotion is current the highest rate offered on
The November 18, 2008 issue of the Los Angeles Times has a prominent ad by Downey Savings regarding their short term CDs. The Newport Beach, California bank is advertising the interest rates on their 3 month CD, 6 month CD and 12 month CD. The rates offered are very aggressive on the 3 month and
Consumer prices moved higher with a year over year increase of 2.7 percent and the Philadelphia Federal Reserve Bank President, Charles Plosser, commented that the Fed may have to raise rates if the economy continues expand. Yet, bank interest rates moved decidedly lower for the week. While the tea leaves appear to be
Coronado First Bank is a community bank established in 2005 with the mission to support the deposit and credit needs of Coronado residents and support the commercial banking and cash management service needs of the small and medium-sized businesses and professionals in Coronado and in the surrounding areas within San Diego.
Coronado First Bank offers commercial
Laddering is one fundamental strategy to protect your assets and maximize returns in a rising inflationary market. Laddering involves buying securities, in this case – bank certificate of deposits that mature at varying intervals. With this strategy your CDs with short terms will have a slightly lower rate of return than the longer
On Nov. 5th, 2008 GMAC Financial Services reported a 2008 third quarter net loss of $2.5 billion, compared to a net loss of $1.6 billion in the third quarter of 2007.
GMAC Financial Services is a global finance company operating in and servicing North America, South America, Europe and Asia-Pacific. GMAC specializes in automotive finance, real
CD rates moved higher for the first week of January moving in concert with most bank rates and bond rates. It is certainly no time to pop the champagne for CD investors as the rate increase for bank CDs was quite mild. On the other side of the bank’s balance sheet, loan rates in the form
OneWest Bank, FSB offers personal and commercial banking services through a network of bank branches in California. The bank was formed in March of 2009 at that time it acquired the assets of Indymac Federal Bank as part of a government assisted transaction. OneWest Bank is headquartered in Pasadena, California. OneWest Bank, FSB is chartered
The possibility that a bond owner will receive his or her principal investment back from the issuer prior to the bond’s maturity date.
Peapack-Gladstone Bank is based in Gladstone, New Jersey and provides individual and business banking services in the region. Peapack-Gladstone Bank is a $1.4 billion asset, wholly owned community bank that offers a full range of banking products and services through 23 full-service branches, an online branch and a Trust division, PGB Trust & Investments.
Many banks are offering an interest rate increase on your checking account if your paycheck is deposited electronically. Your bank can help arrange for the direct deposit of your pay checks, pension or social security checks without charge. Direct deposit results in no delays in getting funds deposited because checks may get lost in the mail,
For the better part of the first week in September bank rates climbed higher with consumer borrowing rates rising more than savings rates. That situation turned around on the last day of the week with the release of the monthly employment report by the Bureau of Labor Statistics. The poor showing in the monthly jobs
The simplest and most narrowly defined money market fund is the Treasury only money market funds. The safest money market funds are in this category since they invest in only Treasury bills and U.S. government agency obligations that are backed by the full faith and credit of the U.S. government. Since the credit quality of
The United States federal government issues a variety of debt securities to meet funding needs. Treasury bills are short-term securities issued by the U.S. Treasury. The US Treasury issues Treasury bills as one of the debt securities to fund a portion of the US public debt. Treasury bills are the most marketable money market security.
A person or institution that manages trust accounts.
Certificate of deposit rates were down modestly last week while Treasury rates continued a slow, measurable and sustained climb. With Treasury rates finally making a continuous move upwards, higher CD rates may soon arrive.
Of course, expectations for higher Treasury rates have been around for several months without a sustained rise in rates ever materializing and rates
A financial instrument held by a third party on behalf of the other two parties in a transaction. The funds are held by the escrow service until it receives the appropriate written or oral instructions-or until obligations have been fulfilled. Securities, funds, and other assets can be held in escrow.