Rates Current as of Thursday February 09, 2012

An expression given to financial institutions that offers a wide array of financial services in one company. Financial supermarkets can be brokerage companies, savings banks or banks. Most of these institutions will offer checking or checking like products such as money market mutual funds, mutual funds, insurance, bank credit cards, CDs, loans, insurance and financial planning.

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If I open a money market deposit account at my bank with $50,000 is there any chance that I can lose part of my money or my balnc can dwindle if the bank invests this money is some investments that default?

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Banking & CD FAQs

When are direct deposits available for withdrawal?

National banks must make funds available for withdrawal on the “payment date.” This is the date on which the funds are actually payable, not the date on which the bank received the deposit.

Is there a web site that allows me to enter my US saving bonds (Series E and EE) and find out how much they are worth?

The Treasury Department offers a couple of options on its TreasuryDirect Web site. The simplest is its savings bond calculator. It will provide redemption values for Series E, EE and I bonds. The second alternative is also found on the treasury’s site and is the savings bond wizard. This program must be downloaded

Why would someone rent a safe deposit box?

It is a convenient place to store important items that would be difficult or impossible to replace. The safe deposit box also offers privacy, only you know what is inside, and security. Although many people like to keep valuables close by in a closet, safe or file cabinet at home or in the

What is the FDIC insurance amount?

The basic insurance amount is $100,000 per depositor, per insured bank. This includes principal and accrued interest up to a total of $100,000. The $100,000 amount applies to all depositors of an insured bank except for owners of certain retirement accounts, which are insured up to $250,000 per owner, per insured bank. Deposits in separate

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