Rates Current as of Thursday February 09, 2012

A law implemented by banking Regulation B. Prohibits creditors from discriminating against credit applicants on the basis of race, color, religion, national origin, sex, marital status, age, or because an applicant receives income from a public assistance program.

This entry was posted on Saturday, October 11th, 2008 at 6:10 pm and is filed under Glossary. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.

No user commented in " Equal Credit Opportunity Act (ECOA) "

Follow-up comment rss or Leave a Trackback

Similiar Content You Might Enjoy

Florida CD rates at 1st National Bank of South Florida

1st National Bank of South Florida is a community Bank headquartered in Homestead, Florida. The bank was established in 1932 and now operates seven bank branch offices in Florida. 1st National Bank of South Florida provides personal and business banking services primarily in South Florida. The bank provides financial services through various bank products and services

Cost of Deposits, CD Rates, Money Market Rates and Lending Rates

Banks have always sought after and used deposits to fund their loans. Since the credit crisis peaked, there has been a sizeable increase in the competition for consumer deposits. The increased competition for consumer deposit accounts is the result of abnormal credit market forces and a number of large banks have needed to rely more

National CD Interest Rates June 1, 2010

Resuming the trend that has been prevalent throughout most of 2010, national CD interest rates were down, on average, for the week ending May 28, 2010. National average certificate of deposit rates at banks and credit unions marched lower this week on the short and long end of the CD yield curve. Bank

Top CD Interest Rates September 6, 2011

CD interest rates took a pretty big fall this past week. Economic uncertainty combined with government debt problems in the U.S. and in Europe is the biggest dynamic influencing the direction of interest rates. Based on the most recent economic figures and Fed statements, a slow economy looks to be in the forecast for some

Can the bank require me to provide my Social Security number?

Yes. A national bank is required to obtain an identification number for several kinds of transactions: when opening a new account, when making monetary (deposit and loan) transactions such as deposits and loans and when reporting the interest earned on deposit accounts to the IRS. For a U.S. citizen, a taxpayer identification

California General Bank

California General Bank N.A. is an independent commercial bank based in Pasadena, California. The bank was established on March 9, 2009. California General Bank, N.A. has been FDIC insured since March 9, 2009. The bank is chartered as a National Bank and therefore the primary regulator is the Office of the Comptroller of the Currency

Under Four Percent Mortgage Rates at Capital One

Capital One is one of the top 15 largest banks in the nation as well as one of the largest bank mortgage lenders. Capital One offers a variety of mortgage loans for financing a new home purchase or refinancing an existing home loan for cash out or a reduced mortgage rate. Current mortgage rates offered

Certificate of Deposit Interest Rates April 5, 2010

Certificate of deposit interest rates fell across all maturities for the week ending April 2, 2010. After a week of marginal reductions in bank rates, the most recent week saw the average yield on the highest CD rates available nationally take a fairly sizeable tumble based on the survey of the top ten best CD

CD Rates in Delaware at Artisans Bank

Artisans Bank is one of 28 banks headquartered in Delaware. Artisans Bank is based in Wilmington, Delaware. The bank operates 13 bank branch locations that offer a wide variety of consumer bank products including competitive CD rates in Delaware. Artisans’ Bank CDs are available with a wide array of terms and CD interest rates in Delaware.

Individual Retirement Account (IRA)

A retirement savings program for individuals to which yearly tax-deductible contributions up to a specified limit can be made. The amount contributed is not taxed until withdrawn. Withdrawal is not permitted without penalty until the individual reaches a specific age.

OnBank

OnBank is a division of M&T Bank, N.A., headquartered in Buffalo, NY. M&T Bank, N.A. and its sister bank, M&T Bank, are separate subsidiaries of their parent company, M&T Bank Corporation. M&T Bank Corporation is one of the 20 largest independent bank holding companies in the U.S., with more than $66 billion in assets as

CD Interest Rates, Mortgage Rates and Savings Rates March 28, 2011

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

What is a certificate of deposit?

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

Low CD Interest Rates

In a low yield or low interest rate environment, extending the term or maturity of fixed interest rate investments becomes increasingly risky. Inflation is a permanent facet in modern finance. Low rate environments leave little room for rates to go lower and with inflation not likely to be eradicated, rising interest rates are generally only

Certificate of Deposit

A time deposit, FDIC-insured to $100,000 per person ($250,000 on retirement accounts), with a fixed maturity date, usually from three months to five years. It usually pays higher interest than a savings account and cannot be withdrawn before a specified maturity date without being subject to an interest penalty for early withdrawal.

At what point is the interest paid on a savings account versus the time period it is paid on a certificate of deposit?

The frequency of interest payments, or the level of compounding interest, on any bank account is determined by the bank and the type of account you have. Truth in savings regulation makes it so the bank has to inform that account holder what the APY is on the account. The APY is the

Money Market Funds – Mutual Fund The Shareholder Report

Shareholder reports typically include two main types of information: the fund’s financial statements and performance; and a list of the securities the fund held in its portfolio at the end of the most recent accounting period. The annual report discusses the factors and investment strategies that affected the fund’s performance during the period covered by the

Real Estate Settlement Procedures Act (RESPA)

Federal law that, among other things, requires lenders to provide “good faith” estimates of settlement costs and make other disclosures regarding the mortgage loan. RESPA also limits the amount of funds held in escrow for real estate taxes and insurance.

Capital One Financial Corporation Acquiring Chevy Chase Bank

Capital One Financial Corporation announced it intends to acquire Chevy Chase Bank for approximately $520 million in cash and stock. Capital One Financial Corporation is a financial holding company that has roughly $98.9 billion in deposits and $147.3 billion in loans. Capital One Financial is a holding company that owns and operates Capital One Bank a

Choosing and Comparing Banks

Finding a financial institution to suit your needs with whom you want to establish a banking relationship was generally accomplished by selecting the closest bank or credit union to a person’s house or place of employment. As costs of banking have increased and the desire to extract higher returns on CDs and bank accounts

CD Rate Updates

CD Interest Rates Mildly Lower January 30, 2012

In the most recent survey of bank CD rates conducted by Selectcdrates.com, CD rates slumped slightly compounding last week’s similar dip. The average yield on the Selectcdrates.com CD rate index moved down to 1.081 percent from an average rate of 1.087 percent found in the previous rate survey. The Selectcdrates.com index covers the top ten [...]

CD Interest Rates Hold Steady January 23, 2012

CD rates remained relatively stable in the most recent survey of the top national CD rates. The average CD rate, as measured by the rates on the best three month, six month, one year, two year and five year CD rates, was unchanged from the previous week. The Selectcdrates.com weekly CD rate survey showed the [...]

CD Interest Rates Display Little Change January 16, 2012

The best CD interest rates available were little changed over the past week. Based on the most recent survey of bank CD rates performed by Selectcdrates.com, the average CD rate gave up less than one basis point or 1/100th of a percent week over week. The average CD rate on the highest three month CDs, [...]

Banking & CD FAQs

What is the incentive to use a money market account that makes my money grow so little?

A money market account provides excellent principal preservation via FDIC insurance and liquidity with easy access to your funds. Money market accounts are also very competitively priced and can provide a very desirable rate of return when you compare the top money market account rates.

Is it legal for the bank to request my fingerprint to cash a check?

Yes. Most banks use fingerprinting as a security measure and a way to combat fraud. Federal banking laws and regulations do not prohibit national banks from requesting that you provide a fingerprint to cash a check.

I am buying an expensive item from someone several hundred miles away and need to send them a substantial amount of money. Do I use a money order or a certified check or a cashier’s check?

That depends upon how much you are paying. Most people and businesses prefer a money order or a cashier’s check, because you buy those from the bank, and the person is paid with the bank’s money, not yours. A certified check is as liquid as a cashiers check, meaning the check should be

I bounced a check that I had written this month for my car payment. How will this affect my credit?

Missing a monthly car payment, no matter whether you missed the payment or bounced the check, is always going to affect your credit negatively. It is possible that if you make good on the amount of the payment and any fees your auto loan lender charges you for a returned check within the 30

Best Rates on CDs
Best Interest Checking Account Rates

Discover Bank IRA CD Rates

Emigrant Direct
Sallie Mae Savings

Bank Deals
Checking Account Promotions
Chase Bank Promotions Bank of America Promotions
Capital One Promotions
Citibank Promotion

Second Chance Bank Account
Online Checking Accounts Roth IRA Accounts

Best Credit Card Rates Low Interest Credit Cards Business Credit Cards Credit Cards with Cash Back Credit Card Applications
Best Credit Card Offers
Low Interest Rate Credit Cards
Credit Cards for Bad Credit

Best Prepaid Cards
Chase Bank Credit Cards
Chase Credit Card Offer Chase Freedom Card
Chase Credit Card Interest Rates
Wells Credit Cards
Apply for Citibank Credit Card
Citicreditcard
Student Citi Card
Citibank Dividend Card Balance Transfer Credit Card HSBC Bank Household Bank Credit Card

Personal Checking Account
Bank Certificates of Deposit
Compare Savings Accounts
Setting Up a Bank Account Online Bank Services
Bank Information
Open a Bank Account
Bank Money Markets
Bank IRA Accounts

Mobile Banking Online Banking

CD Ladder
CD Loan

Best Checking Accounts

Senior Checking Account

Car Loan Rate

Business Checking

Online Brokers

----------Calculators ---------

Savings Account Calculator
Compound Interest Calculator
Mortgage Payment Calculator

About Us | Contact Us | Privacy Policy

Equal Credit Opportunity Act (ECOA)

No user commented in " Equal Credit Opportunity Act (ECOA) "

Leave A Reply

CD Rate Updates

Banking & CD FAQs

Bank & CD Tips