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The oldest independent bank in California, Scott Valley Bank was established in 1912 but traces its history back to 1852. A 12 branch bank operation, this bank offers insured savings opportunities with fixed rates and variable rates on various savings vehicles. Savings accounts include; statement savings, tiered statement savings, traditional certificates of deposit and an
A bank CD is a great savings vehicle with high returns and virtually no risk, regardless of the amount you choose to invest as long as the amount remains under the maximum covered by the FDIC. Before investing in a CD there are several points that an investor should consider. Just like any other type
The equity markets and interest rate markets have apparently absorbed recent world events and some level of normality has returned. Normal activity at this time is a rising stock market and mildly rising interest rates.
More good news for the economy was released last week with GDP revised upwards to 3.1% for the 4th quarter
The first method is to simply use your banks owned ATMs. Most all banks do not charge for ATM activity on their own ATM machines. The other method would be to use your ATM/Debit card for purchases and request cash back at the same time, making sure it is a merchant that offers
For consumers and investors looking for a safe investment vehicle in Pennsylvania, certificates of deposit at Continental Bank may be a viable option. Continental Bank is a full service, locally owned community bank in Pennsylvania. The bank has nine bank branches in Pennsylvania including one in Philadelphia and the headquarters in Plymouth Meeting. Continental Bank
A check drawn on a bank and signed by an authorized bank official. Also known as a cashier’s check.
Before investing in a money market fund, an investor should carefully read all of the fund’s available information, including its prospectus, or profile if the fund has one, and its most recent shareholder report. A mutual fund’s prospectus explains to potential investors the fund’s investment objective. The investment objective describes the types of securities the
The City National Bank of Sulphur Springs is located in East Texas and has been serving the region since1889. City National Bank is one of Sulphur Springs’ oldest surviving businesses. The bank has eight full service bank branches. The bank also operates a mortgage office in Sulphur Springs. City National Bank of Sulphur Springs offers
Bank rates were mostly lower for the week ending September 10, 2010. Bank rates ending down for CD interest rates, mortgage rates and Treasury rates remained unchanged for credit card rates while the average yield for bank savings accounts and money market accounts advanced just slightly.
The composite CD interest rate index compiled by
CD interested rates were essentially flat for the week ending November 11, 2011. The top CD rates available nationally were unchanged on the very short end of the CD rate curve as well on the midterm range; however rates moved ever-so-slightly higher on the long end of the curve.
The interest rate movements in bank CD
The factors contributing to low bank rates not only remain unabated but picked up some wind this past week. The direction of Treasury rates, mortgage rates, bank rates, savings rates and CD rates have been subject to the debt overload and governing spectacle in Europe as well as the low demand for bank funds in
An agreement by which, for example, the Federal Reserve purchases a security for immediate delivery and receives interest at a specific rate from a government securities dealer, with an agreement to sell the security back at the same price by a specific date, usually within 15 days. This arrangement allows the Federal Reserve to
Basically, an annuity is a contract between you and an insurance company. It can be classified by one or several of the following categories:
A fixed or variable underlying investment,
Deferred or immediate pay-out,
Qualified or nonqualified tax status, or
Single or flexible premium payment arrangements.
Features of Annuities
Investment Earnings are Tax Deferred
The capital gains from the investment income of
Mortgage Investors Group is a Tennessee based mortgage banker that has been serving the real estate financing needs of consumers in the Volunteer State since 1989. The company is based in Knoxville, Tennessee and operates 20 branch locations throughout the state. Mortgage Investors Group is one of the largest independent providers of single family residential
A mutual fund whose shares are sold without a sales commission and without a 12b-1 fee of more than .25 percent per year.
You probably have noticed that many brokerage houses are expanding into areas other than investments. This is a natural expansion for many brokers as money and banking become more virtual, and the new revenue streams help to offset the discounted prices for trades. You’re already invested with your broker, should you use him
The FDIC insurance is established to protect only the depositors and only certain deposits. Since a safe deposit box is not technically a deposit, it would not be covered. In a situation where some depositors may also be creditors or shareholders of an insured bank they would benefit by the coverage of deposits
Bank of Chestnut is located in the Village of Chestnut, Illinois, which is the geographic center of the State. The bank was established on January 1, 1902. Bank of Chestnut has been FDIC insured since January 1, 1934. Bank of Chestnut is chartered as a Federal Reserve Non-member. Therefore the primary regulator is the Federal
Federal laws do not establish maximum amounts for fees that national banks can charge on your account. These decisions are made by the bank—and in some instances, are prescribed by State law. National banks are required to disclose any fees when the deposit account is established. Review your account agreement with the bank as
A certificate of deposit is an IOU in that there is a promise to pay back the interest and principal at maturity to the holder of the certificate of deposit. But, a certificate of deposit is not a marketable instrument. In another word, if the holder of the certificate of deposit needs the