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Massachusetts based BankGloucester has a CD rate promotion that tops the bank rate competition in the Bay State as well as those offered across the nation. BankGloucester offers competitive rates on a number of savings and fixed rate investment products however, their two year certificate of deposit leaves the competition in the dust.
The current bank
Credit unions have to restrict membership in order to receive the preferential tax treatment of a non-profit entity. Interpretation of the laws governing the tax status has swung from being fairly restrictive in the descriptions of what constitutes a member to becoming all encompassing resulting in nearly everyone being eligible for membership through some
Always keep a watchful eye on the movement of interest rates and inflation. Inflation can erode the value of your savings, especially low yielding short term savings, by devaluing the value of your dollars. Over time, inflation can decreases the purchasing power of investments rather substantially. Find the best CD rates and
The name El Dorado has been given many meanings over time; most variations are references to a place to acquire wealth or a city of gold. In California the name of locations with El Dorado is often used to signify regions that were involved in gold mining. Unfortunately, gold mining is no longer a quick
Generally, a national bank can change the terms of a business checking account as long as the bank notifies account holders at least 30 days before implementing a change to the bank’s availability policy. Exception: Any change that expedites (speeds up) the availability of funds, a positive impact for the consumer, may be disclosed
Mutual funds and closed-end funds also are required to have statements of additional information (SAIs). Although money market funds are not required to provide investors with the SAI, they must give investors the SAI upon request and without charge.
The SAI conveys information about the fund that is not necessarily needed by investors to make an
Bank related Internet scams are on the rise. Most scam involve third parties attempting to fraudulently acquire information from Web users, such as credit card details, social security numbers, and account numbers. Protect your account numbers, PINs and online access. Do not respond to any bank inquiries that you are not 100% certain are from
Community Reinvestment Act – a law requiring financial institutions to make loans in the areas where they receive deposits from, and encourages investment in community development.
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
Kentucky based bank, Kentucky Neighborhood Bank or KNB, offers a broad range of financial products and services in the Bluegrass State. The bank offers checking and savings accounts home mortgages, traditional consumer and business accounts and bank CDs with CD rates that are exceed the national average rates by a good margin.
Kentucky Neighborhood Bank offers
Best short term CD rate – Danversbank with a four month CD rate of 2.50%.
Best one year CD rate ( almost ) – Choice Financial 13 month CD rate of 2.50%.
Best mid term CD rate – State Farm Bank with a 28 month CD rate of 2.75%.
Best long term CD rate – US Bank 59
In reference to a loan, points consist of a lump sum payment made by the borrower at the outset of the loan period. Generally, each point equals one percent of the loan amount.
A time span between the due date on a loan payment and when a late fee would be owed. The grace period allows for the mail to deliver the payment for processing. Also the period of time after automatic renewal of a certificate of deposit in which a depositor is allowed to cancel
First Place Bank is an Ohio based bank. First Place Financial Corp. is the p[aren’t company of First Place Bank is based in Warren, Ohio and has over $3.0 billion in assets. First Place Bank offers a variety of business and retail banking products, as well as a range of insurance products and services, real
Hudson City Savings Bank offers a 5 month CD with interest rate of 3.68% and an APY of 3.75%. There is a minimum deposit of $500.00 must be maintained to receive posted rate of interest. Hudson City Savings Bank has over $51 billion in assets and over 125 branches in New Jersey, New York and
Simplicity Bank based in Covina California is offering three new CD promotions that offer some of the best CD rates in the region. The bank CD rate promotions are competitive for mid-term and long-term maturities. The rate increases put these accounts above the competition and well above the national average rate for comparable term CDs.
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
For the better part of the first week in September bank rates climbed higher with consumer borrowing rates rising more than savings rates. That situation turned around on the last day of the week with the release of the monthly employment report by the Bureau of Labor Statistics. The poor showing in the monthly jobs
Central Illinois Bank is an Illinois chartered bank and wholly owned subsidiary of CIB Marine Bancshares. Central Illinois Bank offers both personal and business banking solutions. The bank is based in Champaign, Illinois with additional bank branches in Danville, Arrowsmith, Bloomington, East Peoria, Decatur, and Arthur, Illinois.
The bank provides lending products including demand deposits, savings
There are few banks today that don’t have an online presence. Almost all banks have recognized the simplicity and cost advantages of online banking and have begun offering some form of online banking and online bill pay to their customers. As these services evolve, online banking becomes increasingly easier to use and as