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The month, date, and year when a periodic or monthly statement is generated. Calculations have been performed for appropriate finance charges, minimum payment due, and new balance.
Susquehanna Bank has a new CD promotion starting in May 2014. The Susquehanna Bank promotion is for an 18 month term certificate with a yield of 1.20%. This bank promotion does not require a checking account commitment or a series of other conditions to be performed by the customer. A deposit of new money is
The Federal Funds Rate is the interest rate at which private financial institutions such as banks lend their reserves held at the Federal Reserve to other financial institutions overnight for short term needs.
A bank or other financial institution lends out most of the money deposited with it but also is obligated by law to keep
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
A code used by credit or debit cardholders enabling them to access their accounts. The code is either randomly assigned by the bank or selected by the customer. It is intended to prevent unauthorized use of the card while accessing a financial service terminal.
Interst rates have been fairly volatile over the past several days with mortgage rates hitting record lows and then bouncing higher, Treasury rates also dropping and bouncing up and the only stable movement comes from CD interest rates which unfortunately, just continue to move lower.
Mortgage rates improved over the course of the week across all
There are strategies to control the impact inflation has on your investments. Be mindful of the rate of inflation as it relates to the rate you receive on your investments. The real rate of return is true measure of your investment performance.
The Federal Deposit Insurance Corp released the quarterly banking industry profile report this morning. This FDIC report provides a summary of financial results for all FDIC insured institutions. This morning’s report indicated some encouraging numbers for the bank industry. Unfortunately, these encouraging numbers will not help those placing their investments or savings
An organization, usually a bank, that holds the securities and other assets of a mutual fund.
Percentage a borrower pays for the use of money, usually expressed as an annual percentage
Traveling abroad takes planning. As you plan, remember to consider the financial tools you will need for your trip. Carrying large amounts of cash from home is risky. It’s safer to take credit cards and rely on ATM withdrawals for the cash you need.
The U.S. State Department recommends taking two major credit cards, one as
With regard to securities, this term refers to a fractional amount of full value, or the equity outlay, down payment, required for an investment in securities purchased on credit.
Those seeking higher interest rates without the need for immediate liquidity can find very good rates of return with bank CDs. Generally, the more you save and the longer the term for the savings commitment, the higher the interest rate on the CD. But interest rates alone don’t always tell the whole story. Most local
Bank overdraft protection can incur fees that quickly take a significant bite out of your checking account funds. More often it is wise to reallocate your budget to avoid the fees that may be helpful in time of distress but are often overused by consumers who utilize the service. Bank overdraft fees are expenses that
A national bank is a private business. Generally, it sets its own interest rates on savings accounts. If you feel that your bank does not pay an adequate interest rate, shop around—and purchase your financial services accordingly.
Trouble in the Middle East, no resolution in the Ukraine, higher oil prices cutting into consumer discretionary income, and bank rates don’t move lower but head higher instead. Skittish markets usually push interest rates lower as investors move from higher risk assets such as stocks and place their funds in Treasuries, mortgage backed securities, and
A depository institution’s vault cash, up to the level of its required reserves, plus balances in its reserve account but not including funds applied to its required clearing balance.
Rates on bank savings products and loan products plummeted again this week. The only bank products not playing along were the credit cards. Credit card rates snuck through with an uptick in rates while mortgage rates, CD interest rates, savings account rates and Treasury rates moved lower when the week came to a close.
Park Cities Bank is now offering the best 6 month CD rate in Texas. Park Cities Bank has a 6 month CD with an interest rate of 4.00%. Not only is this an outstanding 6 month CD rate, but the bank also offers a 9 month CD that yields 4.25%. For CD accounts that have
A basis point is a unit of measure in finance to describe the small percentage change in the interest rates of financial securities. One basis point is equivalent to 0.01% or 1/100th of a percent. If your local bank raises the interest rate on its one year CD by 25 basis points it