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A mutual fund fee, named for the SEC rule that permits it, used to pay for broker-dealer compensation and other distribution costs. If a fund has a 12b-1 fee, it will be disclosed in the fee table of a fund’s prospectus.
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
A bank failure is the closing of a bank by a federal or state banking regulatory agency. A bank is generally closed when it is unable to meet its obligations to depositors and others. When an FDIC insured bank fails, the FDIC becomes receiver of the bank and operates the bank by managing
A creditor’s measure of a consumer’s past and future ability and willingness to repay debts.
CD interest rates endured a minor dip for the week ending December 2, 2011. The average CD interest rate as measured by the Selectcdrates.com weekly CD rate index turned lower by less than half of one basis point for the week. A one basis point change is equal to 1/100th of a percent. The Selectcdrates.com
Federal Farm Credit Banks that provide short and intermediate credit to the agriculture industry. Securities issued by the Federal Farm Credit Banks are secured by acceptable collateral with value equal to the bonds outstanding. The bonds are secured joint and several obligations of the Federal Farm Credit Banks operating under federal charter with governmental supervision.
An agency that collects individual credit information and sells it for a fee to creditors so they can make a decision on granting loans. Typical clients include banks, mortgage lenders, credit card companies, and other financing companies. Frequently referred to as consumer-reporting agency or credit-reporting agency.
CD interest rates were little changed for the week ending May 20, 2011. While Treasury rates dipped lower and mortgage rates moved higher, bank CD rates yawned. The highest CD rates available for all five categories of bank CDs (3 month CDs rates, 6 month CD rates, 1 year CD rates, 2 year
Bankers acceptances are negotiable time drafts, or bills of exchange, that have been accepted by a bank that, by accepting, assumes the obligation to pay the holder of the draft the face amount of the instrument on the maturity date specified. They are used primarily to finance the export, import, shipment, or storage of
CD rates moved higher for the first week of January moving in concert with most bank rates and bond rates. It is certainly no time to pop the champagne for CD investors as the rate increase for bank CDs was quite mild. On the other side of the bank’s balance sheet, loan rates in the form
The money of another country.
Silvergate Bank established in 1988 as a California state chartered, FDIC-insured financial institution. Silvergate Bank offers a variety of lending programs and deposit account products. Silvergate Bank provides banking services for consumers, sole proprietors, and non-profit organizations. The institution offers an array of checking accounts and savings account products for consumers as well as sole proprietors and
Improving economic data has driven interest rates higher including the rates on U.S. Treasuries and home mortgages however; CD rates did not follow along. Based on the most recent survey of the top bank CD rates performed by Selectcdrates.com, the national average CD rate moved down, not up for the week ending March 16, 2012.
As the market continues a path like a hurricane, cash will remain king. When the market tanks it’s important to have a well diversified portfolio but one that is heavily weighted to principal preservation and liquidity. Bank accounts and bank CDs fit the bill perfectly by preserving capital, earning a predetermined guaranteed rate of interest
Bank lending rates managed slight improvements over the past week while savings rates showed little change. Rate reductions were mostly muted though the interest rates were lower for most all of the bank lending products in the weekly bank rate survey. Savings rates were up and down depending on the product but held within a
Manor Bank has been serving the local community surrounding Manor, Pennsylvania for over 100 years. The bank was established on October 2, 1902. Manor Bank has been FDIC insured since January 1, 1934. Manor Bank is chartered as a Federal Reserve Non-member. Therefore the primary regulator is the Federal Deposit Insurance Corporation (FDIC).
At the end
CD interest rates were unchanged, on average, for the week ending August 17, 2012. The average CD rate covering all CD maturities found in the weekly Selectcdrates.com national CD rate survey was unaltered at 1.046 percent. While the average CD rate did not move over the course of the week, the top bank CD rates
A money market deposit account at an FDIC insured bank is not the same as a money market mutual fund. A money market deposit account at an insured bank has the same FDIC insurance coverage limits as a checking, savings and CDs does. Money market mutual funds do in fact have some exposure
A way of obtaining a better interest rate, lower monthly payments, or borrow cash on the equity in a property that has built up on a loan. A second loan is taken out to pay off the first, higher-rate loan.
Current stated rates of interest paid or earned.