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CDARS is an acronym for Certificate of Deposit Account Registry Service. CDARS is a deposit placement service offered through the Promontory Interfinancial Network. The real value and potential benefit with CDARS is the extended FDIC coverage for large CD holdings.
When a bank places a customer’s large deposit using the CDARS service, that deposit
Many economists have been expecting interest rates to move higher through 2011, the latest Selectcdrates.com survey of bank savings and lending rates has yet to validate that prediction. Bank CD rates, savings rates and money market account rates were lower for the week ending January 21, 2011 while mortgage rates rose moderately and credit
The history of an account over a specific period of time, including the debits, credits, the number of times the account was past due or over limit.
The cost of credit on a yearly basis expressed as a percentage.
Institutional funds are held primarily by businesses, governments, institutional investors, and high-net worth households. Institutional funds hold 60 percent of all money market fund assets.
Five Star Bank is engaged in predominantly commercial banking services to business owners, professionals, real estate investors, and individuals in California. The bank was founded in 1999 and is based in Rocklin, California. Five Star Bank is located in the Great Central Valley, with four locations to serve their customers. The bank has branches in
Heartland Bank Direct offers online savings accounts and online CDs to consumers nationwide. Heartland Bank Direct is a division of Heartland Bank which operates bank branches in Missouri and Colorado. Heartland Bank customers in Saint Louis and Denver can also obtain checking accounts and money market accounts through the Heartland Bank Direct division.
Heartland Bank has
Funds that have been deposited in an account that has not yet been cleared through the check collection process. Uncollected funds are that portion of a deposit balance that has not yet been collected by the depository bank.
A type of variable loan rate involving a renewable short-term, balloon note. The interest rate on the loan is generally fixed during the term of the note, but when the balloon comes due, the lender may refinance it at a higher rate. In order for the loan to be fully amortized, periodic refinancing may
CD interest rates slumped this week as the long term cap on short term rates that is being held in place by the Fed, continues to keep interest rates down. The longer the Fed continues to hold short term rates lower, the more banks that offer the highest CD rates can skim a few basis
No. By law, the FDIC only insures deposits in deposit accounts at insured institutions. Although you may be putting valuables, including cash and checks, into an area of the bank that has the word deposit in its name, these are not deposits under the insurance laws that the bank can use, for example, to make
One type of debt instrument issued by the United States government to the general public. The bonds are available in small denominations and are purchased at a discount to earn interest at a prescribed rate.
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.
A term that means, by day. Generally used to describe the daily charge of interest on a credit or debit account. Per diem can be used to describe more that just the daily interest.
The regulation, by the Federal Reserve System, of the money supply in order to maximize production and employment and stabilize prices.
An international organization based in Basel, Switzerland. The Bank for International Settlement acts as a trustee for the International Monetary Fund, assists central bankers in handling monetary assets and sets international standards for banking practices.
Simplified Employee Pension Plan. Allows employers to set aside money in retirement accounts for themselves and their employees. Under a SEP, an employer contributes directly to traditional individual retirement accounts (SEP-IRAs) for all employees, including the employer.
Property that is offered to secure a loan or other credit and that becomes subject to seizure on default.
A signature made by a person unable to sign his or her name. To be legally valid, the signature must be witnessed by another person.
The interest rate and the payment remain the same over the life of the loan. The consumer makes equal monthly payments of principal and interest until the debt is paid in full.