Similiar Content You Might Enjoy
An overdraft occurs when the balance in a checking account is negative, resulting from writing a check or making a withdrawal for an amount totaling more than the amount of available funds in an account. When this happens, the check will be returned to the originating account marked non-sufficient funds or insufficient funds.
Federal Reserve Currency and Coin Services
An important function of the Federal Reserve is ensuring that enough cash—that is, currency and coin—is in circulation to meet the public’s demand. When Congress established the Federal Reserve, it recognized that the public’s demand for cash is variable. This demand increases or decreases seasonally and as the level of
Uniform Commercial Code – a set of laws established at the state level regulating commerce. These laws are proposed by a national group of state-appointed commissioners, but are adopted, with some state-specific adaptations, by the individual states.
Pathfinder Bank of Oswego, New York offers the best short term CD rates in the state. The bank is running a promotional special on a 5month terms CD and a 13 month term CD. The 5month CD has an interest rate of 4.07% and an APY of 4.15%. The 13 month CD has an interest
Signature Bank is a full service bank serving the Windsor market of Colorado and the surrounding area. The bank is located in Windsor, Colorado the Water Valley Village. Signature Bank is a locally owned bank engaging in basic banking business practices by providing a wide assortment of consumer and business bank products and services with
Certificates of deposit are one of the safest investments an investor can choose from. Generally, the safety and security of bank CDs leads to a sacrifice in rate of return. In order to reach high interest rate levels on CDs investors have to purchase a CD with a long term or maturity. The longer terms
Mortgage rates and money market rates retreated this past week as investor took into consideration potential smoldering economic troubles abroad as well as simply taking a break from the fast and furious run up in the stock market. CD rates were up marginally with the average rate on the top bank CDs being pushed higher
First Eagle Bank of Illinois is an independent full service bank serving the needs of the community with two bank branch locations. The bank’s two locations are in Chicago and one in Hanover Park, Illinois. The bank was founded in 1985. As of September 30, 2008 the bank had assets of $329,114,016.00, deposits of $290,227,538.00
Uniting and Strengthening America by Providing Appropriate Tools Required to Intercept and Obstruct Terrorism (USA PATRIOT) Act of 2001 (Public Law 107-66) This law was enacted shortly after 9-11-2001 as a response to enhance law enforcement powers and the ability of the U.S. Government to combat terrorism.
When you write a check, don’t date a check ahead of the day you wrote it. This is referred to as post-dating a check. Even though the date is a future date, the individual or company that you give it to can go ahead and deposit it and the bank is free to
Direct obligations of the U.S. Government, issued by the U.S. Treasury’s Bureau of Public Debt as a means of financing the Federal Government. There are three types of securities issued: Treasury bills, Treasury bonds, and Treasury notes.
An estate planning device created while you’re alive that lets you control the distribution of your estate. You transfer ownership of your property and your assets into the trust. You can serve as the trustee or you can select a person or an institution to be the trustee. If you’re the trustee,
Espírito Santo Bank is a Florida chartered bank headquartered in Miami. The bank is a wholly owned subsidiary of Banco Espírito Santo, Portugal. Espírito Santo Bank offers private banking services and wholesale commercial banking services to domestic and international individuals, institutions and corporate clients and happens to have some great South Florida CD rates as
A certificate of deposit is an IOU in that there is a promise to pay back the interest and principal at maturity to the holder of the certificate of deposit. But, a certificate of deposit is not a marketable instrument. In another word, if the holder of the certificate of deposit needs the
The equity markets and interest rate markets have apparently absorbed recent world events and some level of normality has returned. Normal activity at this time is a rising stock market and mildly rising interest rates.
More good news for the economy was released last week with GDP revised upwards to 3.1% for the 4th quarter
When your certificate of deposit matures you usually have a window (10-15 days in many cases) of time to decide what to do next. This is often referred to as the grace period before automatic renewal of the CD kicks in. Usually, your bank will automatically reinvest into a new CD if you don’t give them alternate
CD interest rates moved lower yet again. For CD investors, fortunately, the news wasn’t all bad. While Treasury rates and mortgage rates have dropped precipitously over the past two weeks, the best CD interest rates available nationally have dropped only modestly.
The average rate for the top ten best CD rates across all maturities measured in
Rose Hill Bank in Kansas is offering one of the highest CD rates in the state. This community bank has current CD special with a 13 month CD that has an interest rate of 3.60% APY. The bank CD requires a minimum deposit of only $1,000.00 to earn the special rate. With a deposit of
Collaboration of two or more individuals in a fraudulent scheme.
A small-denomination bond issued by the U.S. government on which interest earned is free of federal tax.