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A term referring to a person, other than the principle borrower, who signs for a loan. The cosigner(s) assumes equal liability for the loan.
An increase in an investment’s value.
A certificate of deposit whose interest is not paid out over time, but is sold at a discount to its face value or where interest is paid at one lump sum when the CD matures.
American Bank & Trust is offering some of the highest CD rates in South Dakota. The American Bank & Trust is a home owned and managed bank that has been serving the area since the early 1900’s. Right now the bank is offering two of the highest CD rates for short term CDs in South
Flood insurance protects against water from an overflowing river or a hurricane’s tidal surge and also covers damage from water that builds up during storms.
Funds that are moved in and out of accounts or through other forms of property to make their illegal source unrecognizable.
A written instrument which authorizes one person to act as another’s agent or attorney. The power of attorney may be for a definite, specific act, or it may be general in nature. The terms of the written power of attorney may specify when it will expire. If not, the power of attorney usually expires
Credit unions can be very large or quite small in both deposits and number of members. Credit unions operate like most any bank by taking in deposits an making loans and investments. The range of products any particular credit union offers can be as competitive as the largest bank, however most credit unions
The value of property remaining after debts against it are deducted. For example, a home valued at $200,000 with an $150,000 mortgage has $50,000 of equity.
The November 18, 2008 Los Angeles Times is busting at the seams with advertisements from California banks. Bank advertising nationwide has been very strong as the banking industry competes for depositors dollars. The Los Angeles Times seems to receive more than their fair share of these advertisements, not only is the banking community extremely competitive
An individual or financial institution that lends money with the expectation that the money will be returned with interest.
The current dollar value of the pool of money shareholders have invested in a fund.
The difference between the face value and the price paid for a security.
The answer will be somewhat dependent the needs of the individual opening the account. What features you may need versus the features I may want are likely to be quite different. None the less, before you search for the right bank and bank services some of the common considerations you have will revolve
Total return is generally regarded as the best measure of fund performance because it is the most comprehensive. Total return includes dividend and capital gains distributions along with any changes in the fund’s share price. A dividend distribution comes from the interest and dividends earned by the securities held by a fund; a capital gains
As September comes to a close, bank rates are pulling back slightly from the brief run up mid-month. A lot of the pull back and rate changes are based on the lead provided by the Treasury market. Mid-term and long term Treasury rates jumped right after the first week of the month but pared their
A form of extending an unpaid loan in which the borrower’s remaining unpaid loan balance is carried over or renewed into a new loan at the beginning of the next financing period.
Property that is offered to secure a loan or other credit and that becomes subject to seizure on default.
The long term erosion in CD rates that has occurred through most of 2010 has received a pause this week based on the date form the most recent survey of bank CD interest rates performed by Selectcdrates.com.
A pause in CD interest rate returns is welcome relief for bank CD investors but is even more
South Coastal Bank is based in Rockland, Massachusetts and has bank branches in Rockland, Braintree, Scituate, and Quincy. The bank was established on March 30, 1868 under its original name of Rockland Savings Bank and has been FDIC insured since March 2, 1981. South Coastal Bank is chartered as a FDIC Savings Bank; therefore the