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We are looking at banks in Washington D.C. that offer the highest CD rates while the new president is worn in. Independence Federal Savings Bank is one such bank that is headquartered in D.C.
Independence Federal Savings Bank’s main office is located in Washington, D.C. with two branch offices in Northwest Washington, one in Chevy Chase,
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 party receiving funds.
Money given by a buyer when making a formal offer to bind the sale. Also called earnest money. It is also the term used for money placed in a bank or other financial institute.
Turmoil in the markets in the month of July has been chasing interest rates all around. First the Greece debt situation blows up bringing money into safe and secure bonds and pushing interest rates lower and then the Greece crisis gets covered up, but not even close to being resolved, moving on to the U.S.
Bank rates moved lower for the first time on over four weeks as the month of August came to a close. Mortgage rates, CD rates and bank savings account rates all moved to the downside for the last week of the month. Questionable economic data combined with a flight to the security of fixed income
Identity fraud includes all types of crime in which someone wrongfully obtains and uses another person’s personal data in some way that involves fraud or deception, typically for economic gain. Identity theft is one type of identity fraud and is probably the most recognized form. Although identity theft is defined in many different
When the amount of money withdrawn from a bank account is greater than the amount actually available in the account, the excess is known as an overdraft, and the account is said to be overdrawn.
Interest rates moved in a rather irregular manner this past week with divergences in the direction of CD rates, mortgage rates and Treasury rates. Bank rates were reported slightly higher for long term CDs yet lower for mortgages. Treasury rates moved like a push me-pull you with the rates on short term T-bills tugging lower
Do the expansion of internet banking, many internet banks have offered high yield savings accounts to attract customers. Because these banks will often have lower cost of operations, they are able to maintain these higher payouts or higher interest rates on certain online savings accounts and money market accounts. The growth of these online banks
CD rates at banks have shown no sign of finding bottom. The average rate for the best six month CD rates has dipped down to 1.17% for the week ending August 20, 2010. The average bank CD interest rate on the 1 year has dropped to 1.49% while the two year is under
Benchmark Mortgage is a full service mortgage lender headquartered in Dallas, Texas. The company was founded in 1999 and is licensed in 43 states across the United States. Benchmark is both a mortgage banker and seller-servicer of home loans nationwide.
Benchmark Mortgage has built a successful business by offering a complete variety of first mortgage products
Some banks offer high interest rates on checking accounts that require various tasks and minimum requiremnet of the account holder. Sometimes the terms for receiving the advertised interest rates can be quite burdensome. Some new offers require not only that direct deposit be established but a certain number of check card activities be completed per month
OneWest Bank, FSB offers personal and commercial banking services through a network of bank branches in California. The bank was formed in March of 2009 at that time it acquired the assets of Indymac Federal Bank as part of a government assisted transaction. OneWest Bank is headquartered in Pasadena, California. OneWest Bank, FSB is chartered
Interest rates moved lower over the past week with mortgage rates, CD rates and money market rates pulling back from the advances made at the start of September. News for the week was fairly limited with weaker than expected retail sales numbers and a disappointing Consumer Sentiment report. However, the weekly jobless claims report that
One one-hundredth of a percentage point. The difference between 8.04 percent and 8.05 percent is one basis point.
A firm that buys and sells mutual fund shares and other securities from and to investors.
A tiered money market account is a bank account that pays different interest rates depending on the balance in the account. Typically, the higher the balance in the account the greater the interest rate that is earned on the account.
The profit an investment generates, expressed as equity divided by cash flow.
A credit crunch occurs when there is either a lack of available in the credit market or lending institutions such as banks, thrifts and credit unions are reluctant to extend credit. At the present time, lending institutions have suffered losses from previous loans, and they are generally unwilling to take significant additional risks or