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First State Community Bank is a community bank located in southeast Missouri. First State Community Bank has been a locally owned, community bank and a Farmington landmark since its grand opening as First State Bank of Farmington on May 9, 1954. The bank has grown to become the second largest banking corporation headquartered in southeast
In comparison to most CD accounts offered in the state of Nevada, Nevada Bank and Trust offers very competitve rates and terms. Nevada Bank and Trust is a small town community bank offers personal service and competitive products. The banks main office is located in Caliente and there are nine additional bank branches serving the
Watertown Savings Bank provides consumer and commercial banking products and services in New York. Watertown Savings Bank was founded in 1894 and is based in Watertown, New York. The bank offers standard savings products including savings accounts, money market account and CDs as well as an assortment of lending products.
Watertown Savings Bank certificates of deposit
Earning greater returns or cutting transaction costs may very well involve utilizing special incentives and programs offered by financial institutions. With over 8,000 banks in the US, banks are constantly competing with each other to roll out new promotions. Healthy bank competition leads to more favorable terms for the consumer willing to shop and compare
CD rates crawled slightly higher after markets concerns over the government debt ceiling, a government shutdown, Mideast tension, Obama Care, NSA spying, dramatic increases in domestic oil production and more Miley Cyrus antics appeared to pass us by without a major incidence. The credit and fixed income markets saw quite a bit of volatility during
While the world centers in on Tampa to watch the Super Bowl, a review of some of the best CD rates offered by banks in Tampa, Florida deserves attention too. First Citrus Bank is a state chartered commercial bank located right in Tampa, Florida. The bank opened for business in February 1999.
First Citrus Bank has
Business cycles are the “ups and downs” in economic activity, defined in terms of periods of expansion or recession. During expansions, the economy, measured by indicators like jobs, production, and sales, is growing–in real terms, after excluding the effects of inflation. Recessions are periods when the economy is shrinking or contracting.
A person or institution that manages trust accounts.
People’s United Bank has a new promotion on an 18 month certificate of deposit. The promotion is on the bank’s Plus Certificate of Deposit. The bank CD earns a 1.25 percent fixed rate of return for the full term of the account. The account does require the account holder to also maintain a personal checking
Online banking has become much more prevalent among banks and consumers. With the growth of online transactions for chekcing accounts and savings, bank safety and security has been enhanced. However, it is always prudent to take standard precautions to avoid identity theft or financial loss. Keep your online identification and passwords private and secure. Change your
A common ownership of personal or real property by two or more individuals. The ownership can be held as joint tenants, tenants in common or tenants by the entirety.
Large banks often offer the worst CD rates. The largest US banks are awash in excess reserves. These banks are in little need of new funds since their loan activities are low and their cash on hand is high. Since they have little need for new customer funds in which they would
Not necessarily, as a drop in the Federal Funds rate also affects the Prime Rate on which investments as well as debts are based. While a drop in the Prime Rate may be good for adjustable rate mortgage payers and credit card holders, interest rate sensitive investments will also be affected. If you
The Treasury Department auctioned off $38 billion in two year notes yesterday, December 22, 2008. The yield on these notes reached an all time low with a yield 0.92%. The apparent flight to quality has reached the level of insanity. If rates rise, selling these notes after the auction will lead to a loss. If
An investment company, typically a mutual fund or unit investment trust, whose shares are traded intraday on stock exchanges at market-determined prices. Investors may buy or sell ETF shares through a broker just as they would the shares of any publicly traded company.
A line of credit secured by the equity in a consumer’s home. It can be used for home improvements, debt consolidation, and other major purchases. Interest paid on the loan is generally tax deductible (consult a tax advisor to be sure). The funds may be accessed by writing checks against the line
Any person or entity can have FDIC deposit insurance in an insured bank located in the United States. A person does not have to be a U.S. citizen or resident to have deposits insured by the FDIC.
The U.S. Department of Labor released December’s unemployment figures and the unemployment rate shot up to 7.2%. This is an increase from 6.8% from November. The number of job losses was 524,000. These figures were roughly matching the consensus estimate for this time.
The total number of unemployed rose to 11.1 million. The report stated that
Market uncertainty regarding economic activity in the U.S and abroad has brought down stock valuations and resulted in more money flowing into the safety and security of bonds and other secure investment options. The stock and commodity sell off and pushed most bank rates down to their lowest level of the year.
As of the first
A term to describe the pricing on an investment such as a Treasury Bill, at less than its face value. Income on the investment usually comes from the sale of the investment at face value at maturity.