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Your deposit account agreement states that it’s your responsibility to review your periodic statement and advise the bank of any errors. Generally, you have 30 days from the statement date to find the error and notify the bank.
If the loss occurred from a fraudulent endorsement with a check, State statutes typically allow up
The summary of transactions in an account over a selected period of time. Transactions include; previous balance, payments, credits, finance charges and new balance.
First Niagara was founded as a community bank more than 139 years ago in Lockport, N.Y. First Niagara Bank is a community oriented bank providing financial services to individuals, families and businesses. The bank provides personal and commercial banking, investment, and insurance products to customers in New York.
First Niagara Bank is active in 21 counties,
Huntington is marketing a linked CD account in the local newpapers and online. The CD account is for a 13 month term and earns an interest rate of 4.10%. In order to obtain that yield the CD account holder must have a qualifying Huntington deposit account. The monthly CD interest payments will be deposited directly
The holding of property by two or more persons so that, upon the death of one joint owner, the survivor or survivors become the owner(s); differs from tenancy in common and tenancy by the entirety.
This is the signing of a check by the holder so that it may be transferred to another party. Some endorsements are restrictive such as “For Deposit Only” or special such as “Pay to the Order of,” where the transferee is named.
Bank CD rates had mixed results for the week ending October 2, 2009. Short terms CD rates were lower while midterm CD rates were higher and the longer term CD rates were unchanged. While bank CD rates moved very little in total, Treasury rates continued to move lower for the week with the one year
Yields on long term certificates of deposit available nationally ended the week rising while short term certificates of deposits yields continue to drop or remain unchanged. The average for the top ten best five year CD rates stood at 3.61% up to two basis points or 2/100 of a percent for the week. The average yield
Many mutual funds offer more than one class of shares. Fund companies can divide the type of shares they offer into different classes based on the types of sales charges. For example, a fund may offer Class A and Class B shares in the same mutual fund. Each class will have the same holdings or
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
You must consider the transaction costs involved in any investment type. Most bank accounts such as savings accounts, money market accounts and certificates of deposit do not have charges to open the account. For most investment accounts, the costs are commissions but transaction costs can also be the fees on a bank account or the charges
The Nov. 6, 2008 issue of the Orange County Register has an ad from Affinity Bank displaying their offer for a 7 month CD at a 4.00% interest rate. The minimum deposit for this account is $10,000.00. Affinity Bank can be reached at 800-489-2194. The website is www.affinitybank.com. Affinity bank has 10 branch locations in
The Federal Reserve is the central banking system for the United States.
Each mutual fund will have an investment objective. The investment objective will dictate some of the holdings and investment restrictions the type of money fund will have. As an example, government only money market funds will only invest in U.S. government obligations and those backed by U.S. government obligations. Other funds will specify the quality
After ending the month of March on an up note, CD rates moved marginally lower to kick off the month of April. The average yield in the SelectCDrates.com CD rate index moved lower by 2/1000ths of a percent for the most recent bank CD rate survey conducted on April 5, 2013. The CD rate index
Generally, an account is considered dormant when no activity, deposits or withdrawal, has occurred for a period of 5 to 7 years. The length of time necessary to declare an account dormant is defined by State statute. Once an account is declared dormant, the bank may be required to transfer the funds to
The process of moving an outstanding balance from one credit card to another. This is usually done to obtain a lower interest rate on the outstanding balance. Transfers are sometimes subjected to a Balance Transfer Fee.
Never overlook the value of interest bearing bank accounts. Manage your choices for investing in a bank as carefully as you manage any other investments and you will find that your rates return will increase while avoiding the erosion of fees and inflation. Incremental increases in the yield on a bank account will add up
CD interest rates were little changed for the week ending May 20, 2011. While Treasury rates dipped lower and mortgage rates moved higher, bank CD rates yawned. The highest CD rates available for all five categories of bank CDs (3 month CDs rates, 6 month CD rates, 1 year CD rates, 2 year
Chicopee Savings Bank of Massachusetts has two different midterm, odd term CD rate promotions that offer some of the best CD rates in their maturity range. The bank currently offers a high yielding 13 month certificate as well as a 22 month certificate that are available for consumers in the region of the Bay State