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It’s important to know why, when and how to be sure you’re bank accounts and savings are fully protected by FDIC insurance. As more money has flowed into banks including online savings accounts to long term bank CDs the importance of principal security should not be overlooked. Consumers don’t need to worry about their insurance
A bank failure is the closing of a bank by a federal or state banking regulatory agency. A bank is usually closed when it is determined that it will be unable to meet its obligations to depositors and others. The Federal Deposit Insurance Corp., which guarantees the accounts of approximately 8,500 banks and
Economic news and unfortunate world events held interest rates in check this past week. Interest rates were only slightly higher by the close of the second week of November after the week’s events. Veterans Day, terrorist attacks in France, and some generally unimpressive economic news in the U.S. acted as an anchor on interest rates
A table of interest rates paid on certificates of deposit that is used to determine interest-rate changes for adjustable-rate mortgages.
Bank rates and bond rates were little changed during the week of Thanksgiving. Trading was quite slow during the week with markets closed on Thursday and volume extremely light on Friday. In fact, even while the markets were opened for a shortened session on Friday, it turned out to be one of the slowest trading
The Federal Deposit Insurance Corporation (FDIC) is an independent agency of the federal government created by the Banking Act of 1933.
The FDIC’s primary job is to provide deposit insurance, which guarantees the safety of checking and savings deposits in member banks. The FDIC makes sure that, if a bank is closed, all of the bank’s
Mortgage rates, CD rates and Treasury rates moved lowered in mid March as the trouble brewing in the Ukraine made the stock and bond markets skittish. Geopolitics drove the markets this past week while any measures regarding economic conditions took a back seat. Unsettling geopolitical conditions or more precisely, will Russia invade Ukraine or not,
Find a list of the top ten bank mortgage lenders based in Louisiana. The list of the biggest mortgage lenders in Louisiana includes the contact information and web site address for each bank designed to help consumers find the best mortgage lender based in Louisiana.
Shopping and comparing mortgage rate and mortgage loans in Louisiana for
An agreement by which, for example, the Federal Reserve purchases a security for immediate delivery and receives interest at a specific rate from a government securities dealer, with an agreement to sell the security back at the same price by a specific date, usually within 15 days. This arrangement allows the Federal Reserve to
The cardholder’s account balance as of the previous billing statement.
The Federal Deposit Insurance Corp released the quarterly banking industry profile report this morning. This FDIC report provides a summary of financial results for all FDIC insured institutions. This morning’s report indicated some encouraging numbers for the bank industry. Unfortunately, these encouraging numbers will not help those placing their investments or savings
Mortgage rates moved lower, Treasury rates tumbled, and CD rates slipped by a fraction as we enter the New Year. Troubles in Europe appear to be the biggest catalyst for the drop in interest rates. A slow economic environment across the pond combined with political instability in Greece is bringing fresh dollars into safe and
CalFirst Bank, based in California, has new promotion on their short term certificates of deposit. The new CD rate promotion boost Calfirst to the top of the list for the highest yielding short term CD rates available nationwide. The CD rate promotion is for the three month and six month term certificates that are available
The trend of lower bank rates remains intact. Bank savings and lending rates continued their year long slide with another down week with the week ending September 24, 2010. Good news for those who are borrowing, bad news for those who are saving.
On the borrowing side of the equation, mortgage rates
The prospectus tells an investor about the fund’s investment philosophy. For example, most money funds will state their intention to obtain the highest level of income as possible while preserving principal and liquidity. As a rule, money funds regard the safety of principal, not the pursuit of yield, as paramount. Other types of mutual funds
State Bank of India is the largest bank in India. The company was founded in 1806 and is based in Mumbai, India. The government of India owns approximately 63.8 percent of bank’s shares. The bank was founded in 1806 as Bank of Calcutta. The government of India nationalized State Bank of India in 1955 with
Accepting checks is part of contract law and usually governed by the Uniform Commercial Code. Individual states set the standards for the acceptable term on a check. It is a general standard that a check over 6 months old.
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
Bank rates moved mostly lower for the week ending September 17, 2010. Bank CD interest rates and bank mortgage rates were measurably lower, savings account rates and money market rates dropped just moderately while credit card rates managed to break a two week trend of inactivity and pushed higher for the week.
Mortgage rates dropped
With most of the financial markets in rough shape, its time to reevaluate your emergency funds account. Emergency funds are usually a fairly small moderate size collection of assets but with the credit crisis and market turmoil it would be prudent move to increase these funds to a even more secure and comfortable level. Of