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The U.S. Department of Labor released unemployment claims for the week ending November 15, 2008.
The Seasonally Adjusted Figures:
The advance figure for seasonally adjusted initial claims was 542,000, an increase of 27,000 from the previous week’s revised figure of 515,000. The 4-week moving average was 506,500, an increase of 15,750 from the previous week’s revised average
An investment program, offered by state governments, designed to help pay future qualified education expenses. States offer two types of 529 plans: prepaid tuition programs allow contributors to establish an account in the name of a student to cover the cost of a specified number of academic periods or course units in the future
A check on which the drawer’s signature has been forged.
The Bank of Holly Springs is a Mississippi bank that offers a number of competitive savings products in the Northern part of the state. Among the savings products offered by the bank are a variety of certificates of deposit accounts with varying interest rates and terms. The bank CDs are available predominantly in the geographic
A common benchmark for consumer and business loans set by banks, usually at a level 3 percentage points higher than the Fed Funds rate. The rate given to consumers on their loans is often determined as the prime rate plus a certain percentage, which represents the lender’s assessment of the risk in lending, plus
Rondout Savings Bank is a New York bank that offers personal and commercial banking services. Rondout Savings Bank has been producing strong earnings, maintaining a solid capital base and engaging in sound loan decision making for more than 140 years.
Rondout Savings Bank was founded in 1868 and is based in Kingston, New York. The bank
A penalty imposed on a borrower for repaying the loan before its due date. In the case of a mortgage, this applies when there is not a prepayment clause in the mortgage note to offset the penalty.
Newport, Rhode Island is located in an absolutely gorgeous section of New England. Known for being a New England area summer resort and for the famous Newport Mansions. The land and coastline of Newport is unsurpassed in its beauty. A brief trip along the shore and it is easy to see why the mansions of
An endorsement on a check by a bank customer put there only to get the bank to cash the check for someone else, usually a non-customer. The endorser making the accommodation doesn’t benefit from the check or otherwise use it, but agrees to pay for the check if it bounces.
The interest rate described in relation to a specific amount of time. The monthly periodic rate, for example, is the cost of credit per month; the daily periodic rate is the cost of credit per day.
Community Capital Bank opened in August of 2002. Since the opening in Jonesboro, the bank has expanded to three full service banking locations, including Fayetteville and Stockbridge Georgia. The bank products and services are designed for both commercial and consumer clients, the bank however portrays itself as being especially experienced in commercial bank lending and
Always compare bank checking account charges to make sure you are not paying too much. It is not unheard of to have someone save more than $200 a year in fees by switching to a free checking account or a checking account that has no minimum balance requirement. It’s easy to review a complete list
A person who assumes the role of trustee under a trust agreement when the current trustee dies, resigns, is removed, or is otherwise unable to serve.
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.
Interest rates continue to stay low into the third week of May despite strong headwinds. Mortgage rates hit a 3 year low in mid-May while the top yielding bank CD rates have been trimmed the board. Money market and savings account rates are one bright spot for savers as these rates have ticked slightly higher
It wasn’t a big week of economic news but what news that did come out drove interest rates lower. Mortgage rates reached their low point for the year this week as did many of the Treasury terms. Ten year Treasury rates ended Friday at 3.07 percent which is generally not seen as a
Retail money market mutual funds are not rated by rating agencies. All of the underlying securities these funds invest in are rated by credit-rating agencies, but only institutional portfolios tend to be rated.
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
While interest rates have continued to drop across most CD terms, First Federal Savings Bank of Frankfurt in Kentucky has managed to maintain impressive yields on their long term CDs, especially the three year CD. The three year CD at First Federal Savings Bank of Frankfurt will earn an interest rate of 4.11% for new
State Farm may be well known for their insurance business but the bank mortgage lending operations, under State Farm Bank, can be a great source for local mortgage rates, lending information and helpful tools like online mortgage calculators for Illinois mortgage shoppers. State Farm Bank offers financial products and services, including first and second mortgages