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Certificate of deposit interest rates fell across all maturities for the week ending April 2, 2010. After a week of marginal reductions in bank rates, the most recent week saw the average yield on the highest CD rates available nationally take a fairly sizeable tumble based on the survey of the top ten best CD
The National Bank of Georgia is Georgia based bank headquartered in Athens, Georgia. The National Bank of Georgia has two offices, one in Athens and one in Gainesville. The bank first opened for business in 2000.
The National Bank of Georgia offers a full range of financial products and services to meet a variety of personal
The Columbus Dispatch is just filled with great bank offers this Sunday. Heartland Bank has an ad promoting a 4.00% CD on a 9 month term with a minimum balance of $5,000.00. The bank’s website at www.heartlandbank.com confirms the rate offer and indicates this offer is good through Nov. 12, 2008. The ad also advertises,
Surprisingly positive jobs numbers released on Friday pushed long term interest rates higher. Friday’s stronger than expected employment data was disappointing for mortgage borrowers with mortgage rates jumping higher immediately following the release and was also detrimental for CD investors with bank CD rates moving in the opposite direction and closing lower on the week.
A type of investment company that has a fixed number of shares which are publicly
traded. The price of a closed-end fund share fluctuates based on investor supply and demand. Closed-end funds are not required to redeem shares and have managed portfolios.
Any bank and bank account that is opened outside of the depositor resident country can be considered offshore banking. The financial services from offshore banks include deposit taking, money transmissions, and provision of foreign exchange, trade finance, credit facilities, investment custody, investment management, fund management, trustee services, and corporate administration. For the most
Avidia Bank was formed in 2007 by a merger between two Massachusetts financial institutions, Hudson Savings Bank and Westborough Bank. Avidia Bank is chartered as a FDIC Savings Bank. Therefore the primary regulator is the Federal Deposit Insurance Corporation (FDIC). The bank has nine bank branches located in seven towns in central Massachusetts: Hudson, Westborough,
Oneida Savings is a full-service, stock savings bank operating eight Central New York Bank branches. The bank has been serving Central New York since 1866. The bank offers a whole host of savings products including standard savings accounts, interest bearing checking accounts, NOW, and money market accounts, as well as IRAs and CDs. It specializes
Online banking is one of the newest forms of banking, and it seems every traditional (and not so traditional) bank is offering online services or completely automating their activities on the internet. It may be that you have only a few bills to pay every month or that you’re still learning to navigate the
The list of best bank that made the top of the list for bank CD rates at the beginning of 2008 has changed fairly dramatically. Some of the changes are due to bank mergers, some are due to increased competition and some can be attributed to banks that are not in need of aggressively pursuing
Mortgage rates plunged to absolute record lows this past week as CD rates and credit card rates stood by and watched. The average 30 year fixed rate mortgage was reduced to 3.451 percent, a drop of just over seven basis points from the previous week’s average rate of 3.527 percent. In contrast to this rather
Banks send them to their customers once a month through mail. Many customers, particularly those who use online banking, may throw them in the trash, but it’s best to give them at least one look-over for accuracy. Most consumers should keep their financial records, including bank statements, for a period of three years.
The possibility that a bond’s or bond mutual fund’s value will decrease due to rising interest rates.
A bank is a fro profit institution. They provide loans, clear checks, hold deposits and related financial services. Credit unions perform similar functions but are organized as non-profit entities. The services it provides are to its members, which by law must share a common bond or affiliation.
Banks are required to report all cash transactions in excess of $10,000.00. However, they are also responsible for reporting suspicious activity. If someone is cashing a significant amount of checks, the bank may very well report the activity to the IRS. Of course, if this does not happen, should the company be
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
SWIFT is the acronym for the Society of Worldwide Interbank Financial Telecommunication. It is a cooperative that operates a secure financial messaging network for its members. SWIFT enables its clients to automate financial transactions and messaging it does not specifically handle the financial transactions.
There are several banks in Mississippi that have interest rates well above the national averages. One bank that continues to offer some of the highest CD rates in the state is Mechanics Bank. Mechanics Bank can be found within the top five banks with the highest CD rates for the 6 month term CDs, the
In order to intensify the spotlight on Hawaii, after the soon to be President has thrust the state into the spotlight, reviewing bank CDs in the state seems timely. One such bank is HomeStreet Bank. HomeStreet Bank is headquartered in Seattle but has branches in Hawaii and offers some of the highest CD rates in
The long awaited Fed move has now come and gone. The Federal Reserve raised interest rates for the first time in almost a decade on December 16. The Federal Reserve’s Open Market Committee (FOMC) finally pulled the trigger and raised the range for the fed funds rate by a quarter of a percentage point to