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An investment company that buys and holds a fixed number of shares until the trust’s termination date. When the trust is dissolved, proceeds are paid to shareholders. A UIT has an unmanaged portfolio. Like a mutual fund, shares of a UIT can be redeemed on any business day.
Banco Popular offers one of the best five year CD rates available. The CD rate for their five year term is 5.00%. The CD requires a minimum $1000.00 balance to obtain this yield. In addition to this CD rate, the bank offers a 13 month CD with a rate of 4.35% and a 4 month
No need to review the action regarding consumer rates last week, this title sums it up just fine. It was a week of light trading as many investors and traders took time off between Christmas and New Years. As this week of light trading came to a close, long term interest rates moved measurably lower,
It was an interesting week for interest rate activity regarding consumer savings rates and lending rates. Bank CD rates showed some gain in yield, quite a surprise this week. Home loan borrowers continued to catch a break as mortgage rates moved lower. Savings account rates also drifted lower in fact, measurably lower. And credit card
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
In the event of a bank default that occurs before any of those items listed is cashed or credited to another account, these items would be included in the insurance amount for the account of the depositor that holds them.
The term money market refers to the market for short-term debt instruments with maturities typically of one year or less.
A signed, written order by which one party (the drawer) instructs another party (the drawee) to pay a specified sum to a third party (the payee), at sight or at a specific date. Typical bank drafts are negotiable instruments and are similar in many ways to checks.
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
Washington Savings Bank has just upped the rates on their long term, high yield certificates of deposit. The bank now has some of the best CD rates on four and five year certificate accounts. The CD accounts at Washington Savings have fixed rates for the term of the account with guaranteed yields protected by the
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
Funds that a depository institution is required to maintain as vault cash or on deposit with a Federal Reserve Bank; required amount varies according to required reserve ratios set by the Board of Governors and the volume of liabilities that require the reserves held by the institution.
Interest rates were nudged gradually higher last week after Fed Chair Janet Yellen gave testimony to Congress on November 4th. The testimony was before the Committee on Financial Services regarding the Federal Reserve’s policies on regulation and supervision of financial institutions but the testimony was peppered with comments about the possibility of Fed rate increase
The FDIC’s deposit insurance fund consists of premiums already paid by insured banks and interest earnings on its investment portfolio of U.S. Treasury securities. No federal or state tax revenues are involved.
Bank accounts, whether checking, savings, certificates of deposit or money market accounts are one of the most stable, dependable sources of asset preservation that’s available. The possible risk of loss of principal that is saved in a banking account insured by the Federal Deposit Insurance Corporation is almost zero. For most investors, the yields on
SWIFT is an acronym for Society for Worldwide Interbank Financial Telecommunication. A messaging network often used for the completion of international transactions between financial institutions. These codes are used when transferring money between banks including international wire transfers with US based banks. The codes are also used for exchanging other messages between financial institutions. Each
Bank rates were mostly lower for the week ending May 18, 2012. Based on the most recent weekly survey of the top bank rates available nationally conducted by Selectcdrates.com, mortgage rates and CD rates moved lower, savings account rates ticked up slightly higher and credit card rates were unchanged.
CD rates were down by a relatively
A term used to indicate that an account balance does not have enough available funds to cover a check that has been written and presented for payment.
MICR. A special type of ink which enables special characters printed in magnetic ink to be read and input rapidly to a computer.
Greenville National Bank is a locally owned Greenville, Ohio bank which was organized in 1934. The bank has eight bank branch locations all located in Darke County, Ohio. Greenville National Bank offers several savings options to meet savers specific needs including statement savings accounts, money market accounts and certificates of deposits.
The term of maturity on