Similiar Content You Might Enjoy
Alarion Bank is a Florida bank that provides a number of financial products and services for consumers along with competitively priced certificates of deposit. Alarion Bank is headquartered in Ocala, Florida. The bank has branches in Ocala, Gainesville, and Alachua, Florida. Alarion Bank offers diverse products and services that range from simple checking accounts and
The portion of a customers account balance that has no banking restrictions on it such as holds, making the funds available for immediate withdrawal and use.
Valrico State Bank is the only locally owned financial institution with multiple offices in eastern Hillsborough County Florida. The bank was open for business in 1989. The main bank office is in Valrico, Florida and the bank has four other branch bank locations in the surrounding area. Valrico State Bank is a full service commercial
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.
When your bank states it compounds the interest daily on a CD but it pays out that interest monthly, it is engaging in a fairly standard process. The bank calculates your interest each day on the CD and simply processes that amount as a computer entry without actually paying that interest out.
A money market fund’s board of directors is primarily responsible for ensuring that the fund complies with the SEC’s conditions to limit risk in the fund’s portfolio. The board establishes written guidelines and procedures reasonably designed to stabilize the fund’s $1.00 NAV. The board also must exercise adequate oversight through periodic reviews of
A form of payment that automatically deposits wages or benefits to a customer’s bank account.
A measure of the trading activity in a fund’s investment portfolio, how often securities are bought and sold by a fund.
Prime rate is a term applied to a reference an interest rate that is utilized by banks and financial institutions for lending purposes.
The prime rate was a term originally used to identify the rate at which banks lend to their best and most favored customers, though this is no longer the case in general.
A fund operated by an investment company that raises money from shareholders and invests it in stocks, bonds, options, commodities, or money market securities. These funds offer investors the advantages of diversification and professional management. To participate, the investor may pay fees and expenses. Mutual funds are not covered by FDIC insurance.
Yesterday’s interest rate movements were somewhat curious based on the data that was delivered. The ISM or Institute for Supply Management manufacturing index showed growth for the first time in 19 months. President Obama chimed in,” It is a sign that we’re on the path to economic recovery. “ However, the bond market apparently is
Try to avoid the ancillary services provided by your bank that may be cheaper to get elsewhere. For instance, you may want to avoid getting your checks for your checking account through your bank. Banks know that it is convenient for you to order your checks through them when signing up for your new checking
The Fed Funds Rate is generally considered the primary tool that the Federal Open Market Committee of the Federal Reserve uses to influence interest rates and the economy. Changes in the Fed Funds Rate will have a significant effect on bank rates by influencing the borrowing cost of banks in the overnight lending market. The cost of
An internet bank is still a bank. It may be the internet site of existing bank with physical offices or it may be internet based only. In both cases, banks are governed by the Federal Deposit Insurance Corporation. National Banks are regulated by the Office of the Comptroller of the Currency
First DuPage Bank is a state chartered, FDIC-insured commercial bank that has been open since June of 1999. The bank moved into its new quarters to Westmont, Illinois on November 2000. The bank offers personal and commercial banking services.
As a community bank, the bank has several goals including the goal to provide loans to their
The development of automated teller machines has probably changed banking more than any other financial service or product in the past decade. An ATM allows customers to do many banking transactions 24 hours a day without the need of human interaction or a large physical building. To use an ATM, a customer simply
Renasant Bank was established on February 27, 1904. The bank has 63 domestic bank branches located in 3 states; Alabama, Mississippi, and Tennessee. Renasant Bank has been FDIC insured since January 1, 1934. Renasant Bank is chartered as a Federal Reserve Non-member. Therefore the primary regulator is the Federal Deposit Insurance Corporation (FDIC). As of
New Resource Bank is a commercial bank based in San Francisco, California. New Resource Bank is an FDIC insured bank which offers broad banking services to personal, business and non-profit clients. The bank was established in 2006 to provide personalized services generally associated with community banking along with the convenience and security of a large
As September comes to a close, bank rates are pulling back slightly from the brief run up mid-month. A lot of the pull back and rate changes are based on the lead provided by the Treasury market. Mid-term and long term Treasury rates jumped right after the first week of the month but pared their
Common acronym for principal, interest, taxes, and insurance, used when describing the monthly charges on a mortgage.