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Property that is offered to secure a loan or other credit and that becomes subject to seizure on default.
Profits distributed to shareholders resulting from the sale of securities held in the fund’s portfolio.
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
Compound interest is an extremely important tool that will help most investors better understand how to maximize their rate of return and reach their financial goals. Whether interest rates are low or high, incremental differences in investment rates of return add up over time with the power of compound interest. Understanding the dynamics of interest
State Bank of Southern Utah is a community bank with branches located in southwestern Utah. Its corporate headquarters is located in Cedar City. It was established in 1957 and there are fifteen bank branches. State Bank of Southern Utah has been FDIC insured since February 2, 1959. State Bank of Southern Utah is chartered as
Figurative expression for the informal network of dealers and investors over which short-term debt securities are purchased and sold. Money market securities generally are highly liquid securities that mature in less than one year, typically in less than ninety days.
A general term encompassing savings banks, savings and loan associations, and credit unions.
On Nov. 5th, 2008 GMAC Financial Services reported a 2008 third quarter net loss of $2.5 billion, compared to a net loss of $1.6 billion in the third quarter of 2007.
GMAC Financial Services is a global finance company operating in and servicing North America, South America, Europe and Asia-Pacific. GMAC specializes in automotive finance, real
Generally, a national bank can change the terms of a business checking account as long as the bank notifies account holders at least 30 days before implementing a change to the bank’s availability policy. Exception: Any change that expedites (speeds up) the availability of funds, a positive impact for the consumer, may be disclosed
Deposits held in financial institutions that are guaranteed by the Federal Deposit Insurance Corporation (FDIC) against loss due to bank failure.
Tax-exempt money market funds invest in a variety of public finance short term debt instruments that are used for the financing the needs of local public authorities or other public service organizations. In the United States, federal, state and local governments all issue paper to meet funding needs. States and local governments issue municipal paper.
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
A business day during which an office of a bank is open to the public for substantially all of its banking functions.
Finding high yield CD rates in California is becoming harder and harder and many CD rate shoppers simply review the CD interest rates promoted by the largest banks in the region to invest their funds. Unfortunately for many of these investors and savers they may be missing higher rate opportunities with regional and smaller
Foreign Currency Exchange
For foreign travel or foreign currency transfers it may become necessary to convert U.S. dollars to a foreign currency and or electronically transfer those funds to an overseas account. Most large banks can assist you with international currency needs and the appropriate foreign currency services.
Most all banks with turn a
The year ended with Treasury bond rates rising rather significantly. Unfortunately, the rise in Treasury rates did not lead to a rise in bank certificate of deposit rates.
Ten year Treasury rates started 2009 at extraordinarily low yields, as investors and banks poured money into the Treasury market as a safe harbor. The closing high for
Castroville State Bank is a Texas based bank with its sole office and headquarters located in Castroville, Texas. The bank was established in 1959. Castroville State Bank offers customers in the Medina Valley and surrounding areas both personal and commercial banking products and services.
The bank offers several different checking account options from a no fee
A senior official of the Federal Reserve Bank of New York discusses developments in the financial and foreign exchange markets, along with the details of the activities of the New York Fed’s Domestic and Foreign Trading Desks since the previous FOMC meeting. Senior staff from the Board of Governors present their economic and financial
The production and distribution of goods and services.
Money market mutual funds can provide a good yield and offer check writing ability to transfer funds to a lower yielding checking account or to pay large recurring monthly bills directly. Money market mutual funds can also be a good place to park cash while you wait out a turbulent market and take time seeking