Similiar Content You Might Enjoy
Longer term CD rates should be higher than short term CD rates. Investors generally accept a lower yield to have a shorter maturity or on the other hand expect a higher yield on the longer-term, less liquid CD. This characterizes a fairly normal economic condition for most all interest bearing securities, since investors expect to
The basic insurance amount is $100,000 per depositor, per insured bank. This includes principal and accrued interest up to a total of $100,000. The $100,000 amount applies to all depositors of an insured bank except for owners of certain retirement accounts, which are insured up to $250,000 per owner, per insured bank.
Deposits in separate
Bank of Albuquerque is a part of BOK Financial Corporation. BOK Financial Corporation (BOKF) is a $22 billion regional financial services company based in Tulsa, Oklahoma. BOK Financial Corporation has full service banks located in eight states under seven bank subsidiaries, Bank of Oklahoma, Bank of Texas, Bank of Albuquerque, Bank of Arkansas, Bank of
Damascus Community Bank is a Maryland based bank. The bank is based in Damascus, Maryland and three bank branches in Montgomery County, two bank branches in Frederick County and one bank branch in Carroll County. Damascus Community Bank was founded in 1988 and remains a locally owned and managed community bank.
Damascus Community Bank provides individuals
When it comes to investing in mutual funds and money market mutual funds, investors have literally thousands of choices. Prior to an investor making a choice on an individual money market fund, an evaluation on whether the investment strategy and risks of the fund are a good fit should be concluded first. The first step
Liquid account, providing FDIC insurance to $100,000 per person ($250,000 on retirement accounts). Generally offers low or no minimum balance requirements, fewer fees and a low rate of interest. The account may or may not have restrictions on number of transactions, and provides the consumer with a booklet that has each deposit and
In most normal interest rate markets, longer term CDs should pay a better interest rate than shorter term bank CDs. However in some markets the rate spread between bank CDs with long term maturities and short term maturities can be inconsequential or even reversed. The most common cause for finding some short term CD rates
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.
There is no Federal regulation that would stop a bank from continual assessing account fees as long as these fees were disclosed in advance to your son. The bank should have disclosed its fees to your son either at the time of account opening or at a later date if the fees were initiated
Capital City Bank is one of the largest banks and consumer lenders based in Florida. The bank offers a wide array of borrowing options for consumers looking to buy a new home, vacation home, rental home or refinance on an existing home loan for borrowers that want to take advantage of the record low borrowing
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
Before you consider purchasing a certificate of deposit from your bank or brokerage firm, make sure you fully understand all of the CD terms. Carefully read the disclosure statements, including any fine print. And don’t be overwhelmed by high yields and vague promises. Ask questions and make sure you understand the answers before you invest. There are a lot
Measure of the U.S. money stock that consists of M2, time deposits of $100,000 or more at all depository institutions, term repurchase agreements in amounts of $100,000 or more, certain term Eurodollars, and balances in money market mutual funds restricted to institutional investors.
A check written by a depositor that has not yet been presented for payment to or paid by the depositor’s bank.
Bank of Commerce has established the highest interest rates on short term CDs in Oklahoma. The bank presently offers a 9 month CD that earns an interest rate of 3.25% APY. If the CD is combined with a loan or non interest bearing checking account from Bank of Commerce, the interest rate on the CD
A Debit Card combines the utility of an ATM card and some of the functions of a credit card. Also called a check card, the card will often bear the logo of Visa or MasterCard, and those companies process the transactions that take place outside of an ATM machine, like retail stores, restaurants, or
Oceanside Bank is a Florida based bank headquartered in Jacksonville Beach, FL. The bank has been in business for over 12 years and now operates four bank branches in the region.
As a local bank, Oceanside Bank possesses some significant advantage over the large money center banks operating in the region. The local
The Federal Reserve lowered short-term interest rates a half-point this week. The benchmark federal-funds rate now stands at 1%. The Federal Reserve and other central banks have been injecting liquidity into the financial system to keep funds available and ease credit constraints. While some areas of the financial markets have shown improvement, credit is still
Money market mutual funds had seen their yields drop steadily for most of 2008. To start the New Year, several money market mutual funds are yielding very desirable interest rates. When 2008 came to an end, the best bank CD rates were far eclipsing the best rates found on money market funds. As the credit
Many banks now use digital images of checks instead of the actual checks in order to transfer money more quickly. Don’t assume that you have plenty of time to cover a check that you’ve written with insufficient funds.