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Bank CD rates and mortgage rates were little changed for the week ending February 17, 2012. The change in bank rates or lack of change contrasts to the activity in Treasury securities. All but the shortest term Treasury securities experienced a rise in interest rates over the week while bank savings rates and lending rates
City First Bank of D.C. is a Community Development Financial Institution that is established for the purpose of building the economic health of underserved communities in the Washington, DC area. The banks primary mission includes strengthening and promoting investment in the neglected and underserved communities in Washington, D.C. As part of the banks mission, the
A money market account is a savings account offered by banks that normally earns a higher rate of interest than a normal savings account. These accounts go by the acronym MMA, but also are referred to as Money Market Demand Accounts (MMDA) or Money Market Deposit Accounts (also MMDA.)
It pays a higher rate in
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.
Mortgage rates and CD interest rates moved lower for the week ending April 6, 2012. Mortgage rates were substantially lower while CD rates and even savings account rates were off just slightly for the week.
Rates have moved significantly higher since mid March as expectations have risen over a gradual and sustainable rise in employment and
A time draft accepted by a bank, known as bankers acceptance. They are used primarily in financing international trade. Acceptances are negotiable instruments, meaning they can be sold to another party before maturity.
Generally, any loan in which the amount advanced, plus any finance charges, is expected to be repaid in full by a specified date. Most real estate and automobile loans are closed-end agreements.
The yield curve shows the relationship between interest rates and the time to maturity of a specific bond or interest bearing security in a particuliar currency. The yield curve will have a measurable shape and slope that will vary over time with changes in interest rates. The yield curve is closely watched because
CD interest rates made another mild retreat over the past week. The minor rate reduction comes on the heels of a rate drop of similar proportions that took place in the previous week. On the face of it, the interest rate reductions may not seem like a whole lot, but when CD rates are holding
There is no requirement on who has to be the person who has the authority to do transactions on behalf of the child or the custodian under the Uniform Transfers to Minors Act in effect in most states. You will need your nephews Security number.
There was large thud heard coming from certificate of deposit rates this week. For the week ending June 5, 2009 the average for the top certificate of deposit rates available nationally were lower across the board. This week the average for the top ten CD rates experienced there biggest weekly loss since the start of
For Massachusetts consumers willing to keep their funds in a local bank for a term of four years or five years, S Bank based in Weymouth, Ma is currently offering the best CD rates in the state. S-Bank has 4 local bank branches in the South Shore including branch offices in Weymouth, Quincy, East Bridgewater
A transaction card that may either a credit card or debit card giving the banks customers the ability to pay for goods and services or receive cash back at authorized businesses and ATMs. As a credit card, the bank card can work as a line of credit or as a debit card, accessing the
A type of insurance, also known as accident and health insurance, that makes payments on the loan if you become ill or injured and cannot work.
Yes. When funds become available for withdrawal primarily depends on the type of deposit. While all national banks are subject to the same maximum hold periods established by law, each bank may make deposits available sooner. A bank can make the deposit available immediately or delay availability up to the maximum prescribed
Fake checks can look so real that even bank tellers may be fooled. Some are counterfeit money orders, some are phony cashier’s checks, and others look like they are from legitimate business accounts. The companies whose names appear may be real and the routing number and account number may appear to be real,
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
CD interest rates were mostly unchanged over the past week however; individual CD rate terms were fairly active with some minor advances and declines across the most common CD maturities. The overall average interest rate on bank CDs did remain quite stable when averaged among the top rates for the most popular terms.
Based on the
Depository institution historically engaged primarily in accepting consumer savings deposits and in originating and investing in securities and residential mortgage loans; now may offer checking-type deposits and make a wider range of loans.
As the year winds down, bank rates are moving higher with more vigor than we have seen at anytime during the year. The ten year Treasury rate crossed the 3.00% threshold this past week closing out the week with a yield of 3.02% which is the first time the ten year closed above 3.00% all