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An account held by a custodian, often under the Uniform Gifts/Transfers to Minors Act (UGMA or UTMA). The custodian manages property owned by a minor in such cases.
A deliberate downward adjustment in the official exchange rate established, or pegged, by a government against a specified standard, such as another currency or gold.
A decline in the value of one currency relative to another currency. Depreciation occurs when, because of a change in exchange rates, a unit of one currency buys fewer units of another currency.
The value of bank CDs is that regardless of fluctuations in the market, the certificate of deposit earns one of the highest interest rates possible under FDIC insurance protection. For many consumers and investors, there’s a real financial opportunity hidden in that extra cash they may have sitting around until it has to be used
Certificates of deposit held by consumers in Kansas continue to be one of the most widely held bank investments. Olpe State Bank is one Kansas based bank has maintained an assortment of savings products for consumers to choose from including FDIC insured CDs. The banks offer a wide variety of CD terms and CD rates
The current promotional rates on certificates of deposit at Fairport Savings Bank offer higher interest rates than are available for similar terms among the top national CD rates. While most higher rate CDs are offered by online banks, Fairport Savings Bank is a good old fashioned brick and mortar bank offering a variety lending and
An agreement by one person, the guarantor, to assume another’s responsibilies for example, on a loan. Although the original borrower is responsible for the debt, the guarantor becomes liable if the original borrower fails to pay.
Savings bonds and Treasury bonds can make great gifts to start a path of investing for young investors. You can purchase an electronic I Bond as a gift for someone and hold it in the “Gift Box” in your TreasuryDirect account until you are ready to transfer it to the recipient. If you purchase an
First National Bank of Norway has been offering competitive deposit accounts in Michigan since 1901. The bank offers a number of savings options including bank CDs with competitive MI CD rates through four bank branches in The Wolverine State.
There are many ways for Michigan residents to save their money and make it
Eurodollars are deposits denominated in United States dollars at banks outside the United States, and thus are not under the jurisdiction of the Federal Reserve. Consequently, such deposits are subject to much less regulation than similar deposits within the United States, allowing for higher margins. Eurodollar deposits are US dollar-denominated deposits outside of the U.S,
The top mortgage lenders in South Carolina are listed with a summary of the home loan programs available in SC, the locations and mortgage lender contact information. The list includes the largest mortgage lenders operating in South Carolina. Mortgage loans covered by the mortgage companies includes fixed rate mortgages, adjustable rate mortgages, FHA mortgages in
FDIC insurance covers deposits received at an insured bank. Types of deposit products include checking, NOW, and savings accounts, money market deposit accounts or MMDAs, and time deposits such as certificates of deposit or CDs.
During this continued mess throughout financial asset returns there remains a beacon of light provided by CD rates. Great bank CD rates, in spite of everything, are still available. Presumably, the chaos in the credit market is the impetus behind the highest CD rates available. While that may be the underlying force as to why
Home BancShares is a bank holding company with over $2.6 billion in assets. The stock of this company was up 39 percent in 2008. The bank holding company controls and operates Centennial Bank, Community Bank and Twin City Bank. Home BancShares is based in Conway, Arkansas. The banking divisions operate independently to serve their local
Electronic check conversion is a process in which your check is used as a source of information–for the check number, your account number, and the number that identifies your financial institution. The information is then used to make a one-time electronic payment from your account–an electronic fund transfer. The end result is that
An increase in the value of one currency relative to another currency. Appreciation occurs when, because of a change in exchange rates, a unit of one currency buys more units of another currency.
A significant decline in general economic activity extending over a period of time.
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
The act of estimating future events, particularly business operations.
West Michigan Community Bank is offering three special term CD rates. West Michigan Community Bank was founded in 1976. The bank’s main office is Hudsonville, MI and they have four additional bank branches in Hudsonville, Jenison, and two in Holland. The bank has total assets of approximately $175 million.
West Michigan Community Bank is part of