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An enhanced cash product is a general term that refers to funds that are typically not registered with the SEC and that seek yields slightly higher than those of money market funds. In seeking those yields, however, enhanced cash products can exceed the SEC rule restrictions imposed on money market funds governing the credit
Dubuque Bank & Trust Company operates five offices in Dubuque, Iowa and offices in the nearby communities of Epworth, Farley and Holy Cross. The bank has been serving the region since 1935 and has been a member of FDIC since that time. With assets in excess of $1 billion, it is among the largest commercial
Most bank savings rates and lending rates held mostly steady over the past week with slight increases found in the short term bank CD rates and long term mortgage rates. And while the bank rates were little changed, Treasury rates moved modestly higher across almost all maturities.
The weekly bank rate survey conducted by Selectcdrates.com, showed
Figurative expression referring to the Federal Reserve’s facility for extending credit directly to eligible depository institutions, those with transaction accounts or nonpersonal time deposits.
A checkless system for paying recurring bills with one authorization statement to a financial institution. The necessary debits and credits are made through an Automated Clearing House (ACH).
The November 23, 2008 edition of the Orange County Register holds an advertisement placed by MetroPacific Bank for a 7-month term CD with an interest rate of 4.08%. A clear top ten CD rate in California. In order to keep the lists of CD rates current on selectcdrates.com, our staff confirms the bank rates being
The supplementary document to a prospectus that contains more detailed information about a mutual fund; also known as “Part B” of the prospectus.
In today’s competitive banking market, if you are a regular bank ATM user and pay a charge for using it, it is probably time to change banks. There is enough competition in most areas that you can find a bank that will offer free ATM use. Compare the bank products and services that are most important
A basis point is a unit of measure in finance to describe the small percentage change in the interest rates of financial securities. One basis point is equivalent to 0.01% or 1/100th of a percent. If your local bank raises the interest rate on its one year CD by 25 basis points it
An account held in the name of a decedent that is administered by an executor or administrator of the estate.
Short term savings refers to money that you keep out of your checking account and stash away somewhere close in case of an emergency or a planned expense in the not too distant future.
This may be a fund for something unexpectedly unhappy like car repairs, or it may be for something like college tuition in
The bank is following the rules established by the Expedited Funds Availability Act. When the bank is dealing with a new customer, it can hold onto the deposits longer.
In this scenario, an account is considered new for the first 30 calendar days after it was created. The account would not be defined as new if
Finding the best mortgage loan in Oklahoma entails comparing the mortgage rates and terms offered from some of the top bank mortgage lenders in the state. One of those mortgage lenders that should make the list for mortgage rate shoppers is American Heritage Bank. American Heritage Bank is based in Sapulpa and is one of
Since the Ravens were the best team in their playoff match this weekend it’s only fitting to focus on the best CD rates being offered in and around Baltimore. One bank offering notable yields on their bank CDs is American Partners Bank. The Bank was originally organized in June 2002 and currently has banking services
Bank of Star Valley first opened for business on March 28, 1996. The bank has three bank branches in Afton, Thayne and Alpine Wyoming. Recently, The American Bankers Association named The Bank of Star Valley as one of the “Top Community Banks”. The bank ranked #17 out of 1,982 Non-S banks and thrifts across America
A fund designed to track the performance of a market index. The fund’s portfolio of securities mirrors that of the designated market index.
A state or federally chartered depository financial institution that was primarily a provider of home mortgages but since deregulation in the 1980’s to offer services similar to a commercial bank.
Alarion Bank is a Florida bank that provides a number of financial products and services for consumers along with competitively priced certificates of deposit. Alarion Bank is headquartered in Ocala, Florida. The bank has branches in Ocala, Gainesville, and Alachua, Florida. Alarion Bank offers diverse products and services that range from simple checking accounts and
A substitute check is a paper copy of the front and back of the original check. A substitute check is slightly larger than a standard personal check so that it can contain a picture of your original check. A substitute check is legally the same as the original check if it accurately represents
Undertaking to act as executor, administrator, guardian, conservator, or trustee for a family trust, authorized trust, or testamentary trust, or receiver or trustee in bankruptcy.
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