Similiar Content You Might Enjoy
The Internet is a convenient destination for consumers, general surfers, and for investors. Online banking and online investing has become increasingly popular for both the investor and for the financial institutions. Lower overheads for the banks, in particular, mean that they can pass some of these cost savings onto their potential customers.
Controlling reserves either through availability or the rate at which reserves are carried is the backbone of the Feds forces. Understanding the reserves system is key to understanding why the Fed carries so much control over the whole financial system.
Reserve requirements are the percentage of deposits that depository institutions must hold in reserve and
The date on which a loan or installment payment is due. It is set by a financial institution. Any payment received after this date is considered late; fees and penalties can be assessed.
The Nov. 9th, 2008 Philadelphia Inquirer has an ad from Citizens Bank with a high rate CD account and money market account. The CD account is for a 6 month term with an interest rate of 3.90%. The minimum balance for this bank account is $1,000.00 but requires the opening of a Citizens Gold checking
The amount paid by a borrower to a lender in exchange for the use of the lender’s money for a certain period of time. Interest is paid on loans or on debt instruments, such as notes or bonds, either at regular intervals or as part of a lump sum payment when the issue matures.
Computer controlled terminals through which customers may make deposits, withdrawals, or other transactions as they would through a bank teller. Groups of banks sometimes share ATM networks located throughout a region of the country that may include portions of several states.
One who is owed money.
A specialist employed by a mutual fund’s adviser to invest the fund’s assets in accordance with predetermined investment objectives.
EvaBank has a new 15 month CD rate promotion for savers and investors in Northern Alabama. The bank’s new CD has an annual percentage yield of 1.51%. The current yield on this CD is head and shoulders above the average rate offered on comparable term bank CD accounts covering all of Alabama as well as
A form of extending an unpaid loan in which the borrower’s remaining unpaid loan balance is carried over or renewed into a new loan at the beginning of the next financing period.
Do you need short-term savings? Yes, you most certainly do. And it’s likely you need far more than you have stashed away somewhere. Short-term savings is more than the few hundred you stick in a statement savings account at your local bank to cover next year’s Christmas presents. True short-term savings
Concerns over global market conditions have held interest rates in a very tight range at the end of December which is quite a divergence from the Feds rate increase and view that the U.S economy is poised for more growth. Big cash hoards or large amounts of excess reserves have been one big factor holding
CD rates took a little swoon downwards after the March Fed meeting concluded this past week. As many economists and Fed watchers had expected, the Fed statement released at the close of the two day meeting removed the reference to the term patience as it applies to the Fed’s plans to change monetary policy in
This is the signing of a check by the holder so that it may be transferred to another party. Some endorsements are restrictive such as “For Deposit Only” or special such as “Pay to the Order of,” where the transferee is named.
NOVA Financial Holdings, Inc is a multiple bank holding company that operates two wholly owned subsidiaries, Pennsylvania Business Bank and NOVA Bank. As a registered bank holding company and is subject to regulation and supervision by the Board of Governors of the Federal Reserve System.
On November 10, 2008 NOVA Financial Holdings completed the merger with
There may be some occasions when a consumer may need more than just a personal check. In most cases, this will arise from the need to deliver a payment process with a guarantee. A common payment method needed with guaranteed funds would be the down payment for a home.
Treasury rates dropped modestly Wednesday, September 30 which was the last trading day for the month. Rates were not only down slightly for the day, but were down for the month as well.
At the close of Wednesday the six month Treasury rate moved lower by one basis point or 1/100 pf a percent from 0.19%
Saigon National Bank is a locally owned community bank devoted to serving the financial needs of the Vietnamese business community in Southern California. Saigon National Bank provides various personal and commercial banking products and services in California. Saigon National Bank was established on November 30, 2005 and has been FDIC insured since November 30, 2005.
Bank CD interest rates continued to creep lower in this week’s interest rate survey of the top banks and thrifts across the nation. Based on the most recent survey of bank CD rates performed by SelectCDrates.com, certificate of deposit rates were lower on all maturities with the exception of the two year term bank CDs,
The location at which a transaction takes place. Systems that allow bank customers to effect transfers of funds from their deposit accounts and other financial transactions at retail establishments.