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Mortgage rates, CD rates and credit card rates were flying in a holding pattern for the week ending February 22, 2013. Treasury rates pulled backed slightly with the benchmark, ten year Treasury bond, falling below 2.00% and closed at its lowest level for the month. The action in the Treasury market many be a tad
Treasury Inflation Protected Securities (TIPS) are marketable Treasury securities whose principal and interest payments are adjusted for inflation. Competitive bidding at auction sets the security’s fixed interest (or coupon) rate. Like all marketable U.S. Treasury securities, TIPS are backed by the full faith and credit of the United States.
Interest payments on TIPS are made semiannually.
One who is owed money.
Consumers searching for the highest CD interest rates in Northwest Arkansas can begin their exploration with the certificates offered by Bank of Gravett. Bank of Gravett offers a number of savings choices for consumers in Arkansas with four bank branches in the heart of Benton County. The savings choices offered by the bank include traditional
Rate cuts by the Fed generally lead to a reduction in rates across the board. That equates to reductions in Treasury yields, reductions in the prime rate, reductions in bank savings rates and bank certificate of deposit interest rates. It also should lead to reductions in mortgage rates, auto loan rates and commercial loan rates.
A claim against property for non-payment of federal or state taxes. It can prevent the sale or transfer of the property without a release from the taxing authority.
The highest CD rates for two year and five year terms in Texas are offered by Capital One Bank. Capital One Bank has an ad running in the San Antonio Express-News marketing the rates on their 14 month, two year and five year CDs with promotional copy that reads, “give your money what it craves
The interest cost or paid on a variety of sources within a bank as well as borrowed funds acquired from other banks including CDs, Fed Funds purchased and discount window borrowing.
Better-than-expected economic data had driven investor confidence higher and brought on rising rates for mortgages and Treasury securities. Unfortunately, CD rates had yet to participate in the rising rates movement. This positive view on an improving economy appears to remain the consensus position of investors but has taken a bit of pause over the past
A contractual agreement in a loan that allows the borrower or lender to permanently change one or more of the terms of the original contract.
As the last week of February drew to a close, Treasury rates made a rather significant move lower. The one year Treasury rate started the week of February 22nd at 0.39% and closed the week at 0.32%. The two year fell from 0.95% to 0.81%, a stunning 14 basis points or 14/100 of a percent
Bank errors not in your favor. Don’t draw the erroneous conclusion that your bank is so quality control driven that they are beyond making mistakes in your monthly checking account statement, savings account or money market account. Always balance your checking account monthly and check any bank fees charged. Bank savings account and money market
The name El Dorado has been given many meanings over time; most variations are references to a place to acquire wealth or a city of gold. In California the name of locations with El Dorado is often used to signify regions that were involved in gold mining. Unfortunately, gold mining is no longer a quick
The Federal Deposit Insurance Corporation (FDIC) releases the enforcement actions taken on insured banks on a monthly basis. Today the FDIC released the list of orders of administrative enforcement actions taken against banks and individuals in October. The FDIC processed a total of 37 orders in October. These included fourteen cease and desist orders; five
Always compare bank checking account charges to make sure you are not paying too much. It is not unheard of to have someone save more than $200 a year in fees by switching to a free checking account or a checking account that has no minimum balance requirement. It’s easy to review a complete list
A person or institution that manages trust accounts.
There is little to report regarding CD interest rate changes for the week ending December 23, 2011. Bank savings rates and CD rates seemed to be held in suspended animation as there were hardly any alterations in the top CD rates available nationally across most all bank CD terms.
The average CD rate measured by the
A rate of increase in the general price level of all goods and services. This should not be confused with increases in the prices of specific goods relative to the prices of other goods.
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
The state of Georgia has a plethora of banks offering short term CDs with interest rates at or above 4.00%. The following list is the best short term CDs in Georgia. To be on the list the bank must be headquartered or have a physical bank branch in the state of Georgia. During this evaluation