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With the stock market running scared and government debt issues here and abroad putting fear into the market, interest rates remained low last week. Skittish markets generally drive funds into the Treasury market pushing Treasury rates lower which keeps a lid on the movement on most other interest rate sensitive assets in the U.S. which
A fee charged by a lender to make a loan would be in addition to the interest charged to the borrower.
Continuing a segment on holiday reviews of banks not normally covered, we review the rates offered by MCNB Banks of West Virginia. MCNB Banks offers a wide choice of savings and lending options for consumers and businesses customers. Currently, the bank has the highest CD rate on a five year CD in West Virginia. The
Yes. Banks are allowed to charge fees for returned checks and overdrawn balances. The assessment of account fees is governed by the terms of your deposit account agreement, which you should have received when you opened the account.
The individual who performs a bank examination on behalf of a government regulator. Bank examiners help regulators maintain the safety and soundness of the banking system.
The monthly employment report has once driven the markets crazy. A better than expected jobs report released on Friday fueled the stock market and scared the bond markets. The net result of the strong jobs report was rising stocks prices and rising interest rates, interest rates rise when bond prices fall.
The unexpected strength in the
The highest CD rates offered nationally remained in a tight range for the week ending May 1, 2009. The average of the longest term CD rates, the five year term, dropped by one basis point or 1/100 of a percent for the week. The best two year CD rates increased on average by two basis
Short term interest rates were little change for the week ending October 14, 2011 while long term rates moved higher. Long term bank rates and Treasury rates bumped up right at the start of the week and remained elevated up to Friday’s close. Short term rates were more mixed over the same period, rising on
This weekNovember 18, 2008
Last WeekNovember 12, 2008
One Year AgoNovember 13, 2007
Federal Funds Target Rate
Federal Funds Effective Rate
Discount Window Rate
3 Month Treasury Bill
6 Month Treasury Bill
1 Year Treasury Bill
3 Year Treasury Bond
5 Year Treasury Bond
10 Year Treasury Bond
5 Year Inflation Indexed Treasury Bond
3 Month Commercial Paper
3 Month Eurodollar Deposit
The Ukrainian crisis has moved off of center stage, employment is slowly improving, the Fed continues to cut back on monetary easing, and interest rates continue to move lower. It was yet another week of lower mortgage rates and Treasury rates in the face of news that should be pushing interest rates higher to some
(FACT Act or FACTA)
The purpose of this Act is to help consumers protect their credit identities and recover from identity theft. One of the key provisions of this Act is that consumers can request and obtain a free credit report once every 12 months from each of the three nationwide consumer credit reporting companies
Yes. Your bank may still hold the funds per its funds availability policy. Or it may have placed an exception hold on the deposit. In many cases, if you know that the funds have been released by the paying bank, give this information to your bank and request an early release of
The official document that describes a mutual fund to prospective investors. The prospectus contains information required by the SEC, such as investment objectives and policies, risks, services, and fees.
CD interest rates continued to slide further in 2010. The average interest rate on bank CDs available nationally was down slightly on all maturities for the week ending February 12, 2010. The rate activity among the best bank rates, however,was comparatively modest in light of the across the board drop in the average rates.
Yes. National banks are private businesses. No Federal banking law or regulation requires a national bank to open an account.
Sugar River Bank is headquartered in Newport, NH. The bank has been in business for over 100 years, opening its doors in 1895. The bank has four additional bank branches in Grantham, New London, Sunapee and Warner. Sugar River Bank provides consumers a number of transaction account options, deposit options and loan options all with
Financial cooperative organization of individuals who have a common bond, such as a place of employment, residence, or membership in a labor union. Credit unions accept deposits from members, pay interest, in the form of dividends, on the deposits out of earnings, and use their funds mainly to provide consumer installment loans to members.
A loan made by a lender to a borrower for the financing of real property.
Mortgage rates made it three in a row, that’s three consecutive weeks of lower home loan rates and costs. CD interest rates finally turned the tide of steadily declining interest rates and were nudged slightly higher. Credit card rates were unchanged once again and money market account rates slipped ever so slightly.
The trouble in the
First National Bank of Pennsylvania offers several different mortgage loan programs in Pennsylvania and Ohio. First National Bank of Pennsylvania is the fourth largest bank based in Pennsylvania and operates over 230 community bank locations throughout Pennsylvania and in eastern Ohio.
First National Bank of Pennsylvania branches are located throughout Pennsylvania making in branch loan applications