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There is no requirement on who has to be the person who has the authority to do transactions on behalf of the child or the custodian under the Uniform Transfers to Minors Act in effect in most states. You will need your nephews Security number.
Mortgage rates fell markedly for the week ending August 24, 2012. Unfortunately or perhaps fortunately, depending in whether you are a borrower or saver, other bank rates did not follow suit. CD interest rates were essentially unchanged on the week. Money market rates and savings rates were unchanged and credit cards rates were altered by
An indicator is anything that can be used to predict future financial or economic trends. A variety of public and economic statistics published by accredited sources such as U.S. government departments are indicators. Popular indicators include unemployment rates, housing starts, inflationary indexes and consumer confidence. Leading indicators are obviously types of indicators used
BankEast has an ad running in the Knoxville News Sentinel displaying several bank CD accounts. The first part of the bank promotion is called “pick 2”. This bank service allows the customer to pick two different CD accounts after opening a personal checking account. The options are to pick a 5 month CD that has
SAFE Credit Union locations listed with the complete branch address, branch phone number and branch hours of operation. SAFE Credit Union is available to members who live, work, or worship in Sacramento, Placer, Yolo, Yuba, Sutter, Amador, Butte, Contra Costa, Nevada, San Joaquin, Solano, or El Dorado Counties. SAFE Credit Union branches handle a variety
Interest income from CDs, money market accounts and savings accounts is considered regular income. It’s taxed at the same rate as any other income you receive that year. Your bank or savings institution will send you a 1099-INT form stating the amount of interest that your CDs or other accounts earned by the
Try to review your checking account statements and bank statement as soon as possible after it arrives to make sure there are no unauthorized charges. Look for unauthorized activity or charges on the account regardless of the source. If you suspect that a thief has used one of your checks from your checking account or
Check 21 is a new Federal law that changes the way banks process paper checks, substantially speeding a check’s clearance through the system. Check 21 is designed to enable banks to handle more checks electronically, which should make check processing faster and more efficient. Today, banks often must physically move original paper checks
Pacific Premier Bank is a state-chartered commercial bank headquartered in Costa Mesa, California. This weekend the bank is advertising both its regular savings account and its 9 month CD. The interest rate on the savings account is 3.50% while the rate on the CD is 3.75%. To be eligible for the interest rate on the
Charging an illegally high interest rate on a loan.
Northrim Bank opened for business in a trailer in the parking lot at 3111 C Street with 21 employees in 1990 in Anchorage, Alaska. Northrim Bank has been FDIC insured since December 4, 1990. Northrim Bank is chartered as a Federal Reserve Non-member. Therefore the primary regulator is the Federal Deposit Insurance Corporation (FDIC). The
Most people are aware of credit reporting bureaus, which are agencies that determine a person’s credit worthiness through a numerical score between 300 and 800, (with 300 being the worst and 800 being the best). However, few are knowledgeable of ChexSystems, an organization that has the same concept as credit reporting bureaus. They
To start the new year, East River Bank of Pennsylvania is offering some of the highest CD rates in the state. East River Bank is a community bank, meeting the needs of homes, families, and businesses in the Philadelphia area. East River Bank offers a full range of financial services for both personal and business
Credit unions can be very large or quite small in both deposits and number of members. Credit unions operate like most any bank by taking in deposits an making loans and investments. The range of products any particular credit union offers can be as competitive as the largest bank, however most credit unions
For the week ending June 7, 2013 bank interest rates were nudged just slightly higher with bank CD rates and mortgage rates leading the market. Bank savings account rates and money market account rates did not follow along and decreased slightly on the week while credit card rates remained unchanged after the previous week’s two
National City continues to use its bazooka to gain deposit market share. An ad running in the November 16, 2008 Sunday Chicago Tribune offers the best CD rates in Illinois. The top CD rates of National City require a checking account or savings account to be open in order to obtain the advertised rate. The
Many banks now use digital images of checks instead of the actual checks in order to transfer money more quickly. Don’t assume that you have plenty of time to cover a check that you’ve written with insufficient funds.
A measure of a fund’s performance that encompasses all elements of return: dividends, capital gains distributions, and changes in net asset value. Total return is the change in value of an investment over a given period, assuming reinvestment of any dividends and capital gains distributions, expressed as a percentage of the initial investment.
Bank lending rates made significant improvements for the week ending September 23, 2011. Significant improvement for lending rates translates into lower mortgage rates, credit card rates and auto loan rates. Sadly, when there are improvements in lending rates there are generally losses in other rates or lower bank CD rates and saving account rates. And
A bank account owned by a business. These are generally checking accounts or demand deposit accounts. Business or commercial bank accounts will usually have higher monthly fees and service charges.