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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
A service which specializes in working with consumers who are overextended with debts and need to make arrangements with creditors.
In today’s competitive banking market, if you are a regular bank ATM user and pay a charge for using it, it is probably time to change banks. There is enough competition in most areas that you can find a bank that will offer free ATM use. Compare the bank products and services that are most important
Located in the Ozark Mountains of North Central Arkansas, the Bank of Mountain View has been serving the people of Stone County since 1915. The Bank of Mountain View continues to be the area’s only locally owned and operated bank. Bank of Mountain View has two bank branch locations. The bank is chartered as a
Online banking has become a very secure method of transacting business. Online banking can be used for funds transfers, account maintenance, bill paying and other services. Often, the interest rates on online only accounts are some of he highest rates available and this includes savings accounts, money market accounts as well as certificates of deposit.
No one would consider certificates of deposits to be sweet investments. CDs are definitely considered safe but not sweet. Interest rate returns on CDs are tasting good this year. Investors that saw this turmoil coming and took their investmnets out of the stock and endured the perceived bitterness in bank accounts are looking like they
After the Treasury Department announced that it has provided an additional $4.7 billion to 92 banks as part of the government’s $700 billion rescue of the financial system the list of the banks receiving this aid has lengthened substantially.
The Treasury Department created the Capital Purchase Program, a part of the Troubled Asset Relief Program, to
Interest rates were split this past week as overseas markets are once again vexing our domestic market. Even with a pending Fed rate increase on the horizon, Treasury rates and mortgage rates have moved lower during the month of July. As many loan rates ticked lower or, at least stabilized in the case of car
Unfortunately, no. While all banks are subject to the same maximum hold periods established by law and the rules issued by the Fed, each bank may make deposits available sooner. Each bank determines what its policy will be. It can make all of the funds available immediately or delay availability up to
The Federal Deposit Insurance Corporation (FDIC) releases the enforcement actions taken on insured banks on a monthly basis. Today the FDIC released the list of orders of administrative enforcement actions taken against banks and individuals in October. The FDIC processed a total of 37 orders in October. These included fourteen cease and desist orders; five
An estate planning device created while you’re alive that lets you control the distribution of your estate. You transfer ownership of your property and your assets into the trust. You can serve as the trustee or you can select a person or an institution to be the trustee. If you’re the trustee,
The written agreement between a borrower and a lender in which the terms and conditions of the loan are set.
Most bank rates continued to decline through the close of January however, the best CD rates available at the nation’s banks showed a noticeable gain during the last week of the month. If this scenario were to progress, it would most certainly be a win-win for the average consumer with higher savings rates and lower
Consumer credit outstanding contracted by 10.4% in the month of July according to the Federal Reserve report released yesterday, September 9, 2009. Not nearly enough attention is being focused on this data. The July reduction in consumer debt was the largest drop since the Federal Reserve has maintained the records back in 1943. This supports
The last week of November saw the average for all bank certificate of deposit maturities end the month with lower yields along with bank money market account rates and bank savings account rates. With rates starting the year at relatively low levels, there were not very many economists that expected rates to fall further. However,
Bank rates have fallen one more time and are now at their lowest levels for many consumer savings and lending accounts for all of 2013. Weak economic numbers continue to provide support in the bond markets. As bond prices rise, interest rates move lower.
The release of the GDP figures for the first quarter of 2013
Another week passes and bank CDs experience another of week of sinking yields. Bank CD rates available nationally fell across all terms for the week ending Aug. 7, 2009. The rate reduction for this week was mild but impacted all maturities and is a continuation of a protracted slide in CD rates that started in
CDs can be a great investment option for getting a good guaranteed rate for a specific period of time. When you don’t need on the spot access to your funds, bank CDs can be very attractive to you especially with the top rates being offered by Florida’s Riverside Bank. The interest rate on these bank
Bank mortgage rates and Treasury rates moved measurably higher for the week while bank savings rates were mostly unchanged. Bank CD rates held fairly steady with the Selectcdrates.com composite rate index increasing by just 1/1000th of a percent for the week. Mortgage rates made their largest weekly move this year. Bank money
Interest rates were up across the board for bank lending and savings products. Rate increases for the week ending February 14, 2014 were found on credit cards, home mortgages, bank CDs, and savings accounts. While the rate changes were sweeping across all categories of bank products, the actual level of rate changes were relatively mild.