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Hudson City Savings Bank offers a 5 month CD with interest rate of 3.68% and an APY of 3.75%. There is a minimum deposit of $500.00 must be maintained to receive posted rate of interest. Hudson City Savings Bank has over $51 billion in assets and over 125 branches in New Jersey, New York and
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
Competitive certificate of deposit rates, mortgage loan rates and auto loans rates are just some of the consumer bank products offered by Glenview State Bank. Glenview State Bank is an Illinois based bank founded in 1921. The bank manages eight bank branches with its main office located in Glenview, Illinois. Glenview State Bank is a wholly owned
Union Bank of Kansas City Missouri is offering a great short term CD rate. The bank has a promotional CD with a 10 month term that yields 4.00% APY. This interest rate is one of the top CD rates in Missouri for bank CDs with terms of less than one year. The 10 month CD
Competitive banks are generally paying higher yields on certificates of deposit and savings accounts to attract customers. Banks historically paid the lowest rates of return since most bank accounts carry FDIC insurance that protects your principal. As of the number of a banks has increased and the profitability of banks is often tied to their
Interest that has been earned on a bond or other fixed income security since the last interest payment was made but not yet paid.
The central bank of the United States, created by Congress and made up of a seven-member Board of Governors in Washington, DC, twelve regional Federal Reserve Banks, and their twenty-five Branches.
The Federal Deposit Insurance Corp released the quarterly banking industry profile report this morning. This FDIC report provides a summary of financial results for all FDIC insured institutions. This morning’s report indicated some encouraging numbers for the bank industry. Unfortunately, these encouraging numbers will not help those placing their investments or savings
Bank certificate of deposit rates showed little movement across most maturities for the week ending April 23, 2010. The changes that took place were along the one year term bank CDs with the six month, two year and five year terms remaining unchanged. The limited rate change that did take place was in the wrong
A service that allows an account holder to obtain account information and manage certain banking transactions through a personal computer via the financial institution’s web site on the Internet. This is also known as Internet or electronic banking.
Level One Bank was established on October 5, 2007 and is based in Farmington Hills, Michigan. Level One Bank operates as a subsidiary of Level One Bancorp, Inc. The bank has been FDIC insured since October 5, 2007. Level One Bank is chartered as a Federal Reserve Non-member. Therefore the primary regulator is the Federal
Many economists have been expecting interest rates to move higher through 2011, the latest Selectcdrates.com survey of bank savings and lending rates has yet to validate that prediction. Bank CD rates, savings rates and money market account rates were lower for the week ending January 21, 2011 while mortgage rates rose moderately and credit
If you have a hard time managing your bank checking account do to irregular income or pay, overdraft protection may be just the solution until you build up more ample emergency funds. Overdraft protection should always be used carefully, individuals with irregular income streams may utilize these services more frequently but should shop and compare
The equity markets have started 2012 on a very upbeat note which is putting some pressure on interest rates to finally move higher. As the week ending January 20th came to a close, mortgage rates worsened by a good margin while CD rates and credit card rates were kept in a holding pattern. The stress
The banking industry in the U.S. is a highly regulated industry with very detailed and focused regulators. The United States employs a dual system of bank regulation. The Federal Reserve is one of several banking regulatory agencies that operate on the federal level. At the state level, state chartered banks are regulated
Before the Great Depression there were two banks located in Farmington, Illinois. One of these banks closed and the other is the still profitable Bank of Farmington. The Bank of Farmington was established in 1903, it is an independent, locally-owned community bank located in Farmington and Canton, Illinois. The bank been FDIC insured since 1934.
Membership depends on the individual credit union. Credit unions are still required to limit membership to people who have a common bond. Geography, a common employer, a common group, or something similar can determine the bond.
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.
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
If you maintain a low average balance in your primary checking account, be careful when you use your check card or debit card frequently. Just because the card it works doesn’t mean there is sufficient funds in the account. You can still overdraw your checking account, be cautious when you know your funds are low.