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Treasury Inflation Protected Securities (TIPS) are marketable Treasury securities whose principal and interest payments are adjusted for inflation. Competitive bidding at auction sets the security’s fixed interest (or coupon) rate. Like all marketable U.S. Treasury securities, TIPS are backed by the full faith and credit of the United States.
Interest payments on TIPS are made semiannually.
A strong jobs report following a cautious report from the head of the Federal Reserve has caused a fracture in bank rates. Lending rates dipped for the week while savings rates forged ahead, ending the week on an up note.
Lending rates, including mortgage rates and auto loan rates, dropped lower predominantly based on a speech
American Plus Bank, National Association, is a federally chartered full service commercial bank founded in 2007. American Plus Bank is an independent, community bank headquartered in Arcadia, California. The bank provides financial products to the individual and business communities in San Gabriel Valley and surrounding areas in Los Angeles County.
American Plus Bank provides a variety
The best CD rates for the first week of July were up modestly on the back of a better than expected monthly jobs report. Relative to the strength in the jobs report, the overall increase in CD rates was quite tame, rising by just 3/1000ths of a percent from the last week in June.
Mortgage rates and Treasury rates leaped during the last week of May, 2013. Both the 30 year mortgage rate and benchmark, 10 year Treasury rate reached their high points of the month on the last day of May which was also the high rate level reached all year.
To close out the month of May the
Always keep a watchful eye on the movement of interest rates and inflation. Inflation can erode the value of your savings, especially low yielding short term savings, by devaluing the value of your dollars. Over time, inflation can decreases the purchasing power of investments rather substantially. Find the best CD rates and
Deposits held in financial institutions that are guaranteed by the Federal Deposit Insurance Corporation (FDIC) against loss due to bank failure.
Michigan has certainly seen its share of economic adversity in recent years. One bright spot in the economic morass is the financial returns offered by investing in the certificate of deposits found at Bank of Auburn Hills. Bank of Auburn Hills has three CDs with some of the highest interest rates for their terms. The
Research done to measure and understand the characteristics of a given market.
The FDIC does not publish that list. Although the FDIC periodically announces the number of banks they have on the watch list, they do not believe it would be prudent to relesease the names of the banks to the public. The obvious conclusion is that the FDIC is trying to bring these banks
Atlantic Stewardship Bank is a full service commercial bank in New Jersey. Atlantic Stewardship Bank provides personal, business, and online banking services. The bank services include personal and business checking accounts and time deposits, money market accounts and regular savings accounts.
Atlantic Stewardship Bank has a strong Christian foundation and the founders of the bank incorporated
Bank CD rates, savings account rates, and mortgage rates have all dropped across the board after market uncertainty has taken hold of investors following the surprising Brexit vote. Brexit, the popular vote in the United Kingdom to leave the European Union, has absolutely startled the market. Market uncertainty was prominently on display as interest rates
Interest rates have been stuck in a narrow range even with the Fed rate hike debate pushing and pulling on the market. Each time rates have made a push towards the upside, Fed comments or economic anxiety emanating from outside the U.S. has applied downward pressure and brought rates right back down again.
Economic anxiety has
A time deposit evidenced by a negotiable or nonnegotiable instrument specifying an amount and maturity.
Bankers Trust has a new CD rate promotion for customers in the Iowa and Arizona market areas served by the bank. The certificates of deposit offered by the bank cover a range of maturities from the short term accounts to midterm accounts and have interest rates that are well above the average rate for comparable
Mortgage rates were driven lower once again with the average 30 year mortgage rate shedding just over two basis points to 4.164%. One basis point is the equivalent of 1/100th of a percent. Not much of change but mortgage rates continue to cling to the lowest levels seen so far this year. While borrowing costs
There is no federal law or regulation that requires national banks to cash checks for noncustomers. Most banks have policies that allow check cashing services only for customers who have an account with them in order to protect both themselves and their customers from forgeries. If a national bank cashes a check that
Securities that are recorded in electronic records, called book entries, rather than as paper certificates. Ownership of U.S. government book-entry securities is transferred over Fedwire.
Century Bancorp, Inc. is a Massachusetts state chartered bank holding company headquartered in Medford, Massachusetts. The holding company is a Massachusetts corporation formed in 1972 and has one banking subsidiary, Century Bank and Trust Company that was formed in 1969. The bank had total assets of approximately $1.7 billion as of September 30, 2008. The
CNBBankDirect is a division of Citizens National Bank based in Ohio and offers some of the best CD interest rates and online savings account rates available nationally. Not only does the bank offer bank savings rates that are among the top ten highest bank rates available but the bank is often not recognized for