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The amount paid by a borrower to a lender in exchange for the use of the lender’s money for a certain period of time. Interest is paid on loans or on debt instruments, such as notes or bonds, either at regular intervals or as part of a lump sum payment when the issue matures.
The Bank of Zachary was founded in 1904, in Louisiana. The locally owned bank is the oldest State chartered bank in East Baton Rouge Parish. The bank has been FDIC insured since 1934. The Bank of Zachary is a Federal Reserve Non Member and the primary regulator is the FDIC. The bank ended 2008 with
The home state to the NFL playoff bound Cardinals, Arizona, is home to some great opportunities for investing in bank CDs. FirstBank of Arizona is one bank in the Cardinals backyard that promotes top yielding CDs. FirstBank of Arizona is not only home to some of the highest CD rates in the state but the
The holding of property by two or more persons so that, upon the death of one joint owner, the survivor or survivors become the owner(s); differs from tenancy in common and tenancy by the entirety.
American Bankers Association. A trade association for banks and savings associations.
Even as the stock market began to regain its footing, bank rates led by mortgage rates and CD interest rates continued to move lower. After falling measurably for the week ending August 8th, another week of stock market and credit market mayhem led to another significant decrease in mortgage rates, CD interest rates and savings
Yes. Your bank may still hold the funds per its funds availability policy. Or it may have placed an exception hold on the deposit. In many cases, if you know that the funds have been released by the paying bank, give this information to your bank and request an early release of
Kent Bank is a locally owned community bank with bank branches in Kent and Freeport, Illinois. Kent Bank began operations in 1923. Financial services offered by Kent Bank include consumer loans and deposit accounts with competitive rates. The bank has a variety of deposit and loan products to provide bank customers the ability to meet
A certificate of deposit or CD is a time deposit, an investment of a specific amount of money over a specific time period for a specific rate of interest. Some variations on these basics are now offered but the standard investment remains available. Banks, savings and loans, and credit unions offer CDs in
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
Triumph Savings Bank has a current CD rate promotion that offers one of the best one year CD yields in Texas. The Dallas based bank offers a number of high yield short and mid-term certificates of deposit that are among the highest rates available in the Lone Star state.
With an interest rate of 1.25% on
The current promotional rates on certificates of deposit at Fairport Savings Bank offer higher interest rates than are available for similar terms among the top national CD rates. While most higher rate CDs are offered by online banks, Fairport Savings Bank is a good old fashioned brick and mortar bank offering a variety lending and
The FDIC’s two week bank closing rampage has driven the number of banks closed this year to over 100. Seven banks were closed by the FDIC on Friday July 23, 2010. This follows the six banks the FDIC shuttered in the previous week and brings the annual total of bank closings up to
A date when the issuer of a bond or other obligation may “call” for redemption of all or part of the debt issue. In other words, the bond may be paid off early, ending interest payments that an investor might have planned on.
Comparing Services Offered
Here’s a brief list of some of the general services you may be looking for in your bank.
Online Bill Payment
High-Interest Checking Accounts
Funds Availability Schedule
Debit and Credit Cards
Money Market Accounts
Express Checking Accounts
A strip of relatively flat and normally dry land alongside a stream, river, or lake that is covered by water during a flood.
EverBank Financial Corporation is a diversified financial services holding company based in Jacksonville, Florida. EverBank is a Savings Association and has been FDIC insured since October 1, 1998. The primary regulator is Office of Thrift Supervision. EverBank Financial Corporation provides banking, mortgage banking, and investing solutions to a nationwide customer base. It operates through traditional
Needham Bank has a mid-term CD rate promotion underway for savers and investors in Massachusetts. The bank is offering a 15 month term certificate of deposit that earns the account holder a rate of return of 1.50%. The interest rate currently offered is more than seven times the national average bank rate on one year
Nexity Bank certificates of deposit are frequently among the highest rate CDs in the nation. Nexity CDs offer an exceptional rate return relative to the national averages for bank CDs. Nexity, like many other predominantly internet based banks, uses the Internet to provide certain advantages to customers who want to purchase financial products that will
Isabella Bank is one of the top ten largest bank mortgage lenders based in Michigan. Isabella Bank approves a significant number of home loans each month with a variety of different mortgage types. One of the many benefits available with the bank lending product is the flexibility that comes with local decision-making of a community