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A non profit cooperative organized under the Federal Credit Union Act. This institution accepts deposits, provides loan and other financial services to its members.
While interest rates have continued to drop across most CD terms, First Federal Savings Bank of Frankfurt in Kentucky has managed to maintain impressive yields on their long term CDs, especially the three year CD. The three year CD at First Federal Savings Bank of Frankfurt will earn an interest rate of 4.11% for new
Bank rates on both the lending side and savings side dipped down for the week ending January 14, 2011.
The best CD rates available nationally as measured by the Selectcdrates.com composite CD rate index was lower by one basis point or 1/100th of a point for the week. The index moved down to
Accepting checks is part of contract law and usually governed by the Uniform Commercial Code. Individual states set the standards for the acceptable term on a check. It is a general standard that a check over 6 months old.
The funds can invest only in the highest-quality securities, so they can’t buy subprime debt. Some funds have bought commercial paper [short-term debt] from structured investment vehicles [SIVs] that hold subprime mortgages. What is making people jittery is that another batch of SIVs is on watch for a credit downgrade. So, while
A statistical system used to determine whether or not to grant credit by assigning numerical scores to various characteristics related to creditworthiness.
The Federal Deposit Insurance Corporation (FDIC) is an independent agency of the federal government created by the Banking Act of 1933.
The FDIC’s primary job is to provide deposit insurance, which guarantees the safety of checking and savings deposits in member banks. The FDIC makes sure that, if a bank is closed, all of the bank’s
My son has a small savings account that was opened a few years ago. When I recently checked the balance it was close to zero. It appears the bank has been assessing fees on the balance bringing it to almost nothing. Can they do that on his account?
Community Capital Bank provides consumer and business banking services in Georgia. The bank was established on August 5, 2002. Community Capital Bank has been FDIC insured since August 5, 2002. Community Capital Bank is chartered as a Federal Reserve Non-member. Therefore the primary regulator is the Federal Deposit Insurance Corporation (FDIC). The bank has approximately
Barnes Banking Co was founded in Davis County, Utah in 1891. The bank is one of Utah’s largest community banks with assets just shy of one billion dollars, actual 2008 year end assets were $970,277,000. The bank has ten bank branches, in Kaysville, Layton, Bountiful, Syracuse, Roy, South Ogden, Salt Lake City, Fort Union, St.
Union National Community Bank is offering some great CD rates as well as a high interest checking account to bank customers in Pennsylvania. Union National Community Bank is headquartered in Lancaster, Pennsylvania and has additional 10 bank branches in the surrounding area.
The bank has one of the best short term CD rates in Pennsylvania with
Peoples United Bank is now marketing a 10 month CD with an interest rate of 3.50%. $500.00 is the minimum balance to open the CD and receive the advertised annual percentage yield. Conditions on the CD offer include the requirement of a Peoples’ United Plus checking account with the bank. This short term CD rate
Bank CD rates dropped just slightly for the week ending October 28, 2011. Based on the most recent survey of CD interest rates performed by Selectcdrates.com, the average rate on the top ten best CD rates covering maturities of three months through five years fell by less than one basis point. The Selectcdrates.com CD rates
Interest rates held steady at the close of Monday September 22, 2009. Treasury rates mostly ran in place, ending the day where they started.
The three month Treasury showed some life by rising three basis points or 3/100 of a percent, however the three month had dropped on Friday when other short term Treasuries held steady.
The act of estimating future events, particularly business operations.
The first bank failure of 2009 was just announced. On January 16 the National Bank of Commerce, Berkeley, Illinois, was closed by the Office of the Comptroller of the Currency, and the Federal Deposit Insurance Corporation was named the receiver. Republic Bank of Chicago, Oak Brook, Illinois, is to assume all of the deposits of
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
Newfield National Bank is headquartered in Newfield, New Jersey and operates a network of 12 branches in the area. Newfield National Bank is in the southern most portion of the State of New Jersey. The bank was established on January 1, 1934 as the First National Bank in Newfield. Newfield National Bank has been FDIC
Wilshire State Bank is currently offering the highest six month CD rate available nationally by a rather significant sum. The six month rate presently available at Wilshire stands at 2.52%. This CD rate is a whopping 49 basis points or 49/100 of a percent above the next best six month CD rate. The average for
Try to avoid the ancillary services provided by your bank that may be cheaper to get elsewhere. For instance, you may want to avoid getting your checks for your checking account through your bank. Banks know that it is convenient for you to order your checks through them when signing up for your new checking