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Bank rates moved mostly lower for the week ending September 17, 2010. Bank CD interest rates and bank mortgage rates were measurably lower, savings account rates and money market rates dropped just moderately while credit card rates managed to break a two week trend of inactivity and pushed higher for the week.
Mortgage rates dropped
Citigroup Inc. will be receiving more funds from the U.S government and guarantees on certain losses. The bank made an agreement with the U.S. Treasury, the Federal Reserve Board, and the Federal Deposit Insurance Corp. (FDIC) on a series of steps to strengthen Citigroup capital ratios, reduce risk, and increase liquidity.
A press release by the
A time draft accepted by a bank, known as bankers acceptance. They are used primarily in financing international trade. Acceptances are negotiable instruments, meaning they can be sold to another party before maturity.
Institutional funds are held primarily by businesses, governments, institutional investors, and high-net worth households. Institutional funds hold 60 percent of all money market fund assets.
One big difference is a money market account is an interest earned savings account that is offered by a FDIC insured financial institution. The FDIC insures up to $100,000. Whereas the money market mutual fund is based on a seven day average yield rather than an annual yield. However, the effective rate is
Walden Savings Bank of Montgomery, New York is offering a number of bank CDs with competitive interest rates in the Hudson Valley area. Walden Savings Bank is a community bank that works on meeting the borrowing and deposit needs of consumers and businesses in Montgomery and the surrounding region in NY. Along with certificates of
The alleged practice of certain lending institutions of not making mortgage, home improvement, and small business loans in certain neighborhoods-usually areas that are deteriorating or considered by the lender to be poor investments.
Certain information that Federal and State laws require creditors to give to borrowers relative to the terms of the credit extended.
Find a list of the top Tucson mortgage lenders. Mortgage loans in Tucson, Arizona promoted by the top mortgage lenders includes fixed rate mortgages, adjustable rate mortgages, jumbo loans, FHA loans, VA loans and home equity loans. Review the Tucson mortgage lenders listed to get the best mortgage rate and terms available in the Tucson
There are many variables that can influence bank interest rates, but knowledge of key economic indicators can provide indications of the future direction of interest rates. Watching and evaluating economic indicators will help ascertain the position of the U.S. economy and determine the forces that are shaping the future direction of bank interest rates.
These are CD rates not just in the sunshine state but CD rates at Sunshine State Community Bank. Sunshine State Community Bank has been FDIC insured since July 24, 2000. Sunshine State Community Bank has five bank branches located in Florida. The bank is chartered as a Federal Reserve Non-member bank. Therefore the primary regulator
The continuing run of weak economic news in April has caused investors to move their money out of stocks and into safer investments like bonds. The increased money flow into bonds has pushed their prices higher and the interest rates earned on the bonds lower. The money flow into bonds was somewhat tame and had
Affinity Bank has a checking account called Big Checking. The Affinity Bank checking account has a variable interest rate that currently pays 3.00% on balances of $7,500.00 and greater. Affinity Bank markets this account as having unlimited check writing with rates like a CD. The checking account does not require establishing direct deposit but does
On Friday, November 21, The Board of Directors of the FDIC approved a final rule to strengthen the agency’s Temporary Liquidity Guarantee Program. The rules are designed to further ease the rigid and apprehensive credit markets. The program is part of the larger bailout program already in place and only effects bank to bank borrowing
Funds that have been deposited in an account that has not yet been cleared through the check collection process. Uncollected funds are that portion of a deposit balance that has not yet been collected by the depository bank.
In a roller coaster investment climate it is wise to review your short term savings accounts and options. There are a wide variety of short-term savings vehicles available. As the financial market rides up and down, many financial institutions become more aggressive on the interest rates they offer to attract more depositors. Assess each alternative based on
High Desert Bank is chartered as a Savings Association in Bend, OR. The primary regulator of the bank is the Office of Thrift Supervision. The bank was established on September 26, 2007 and has been FDIC insured since that time. The bank assets, as of September 2008, stood at $34,132,000. Through September, 2008 the bank
As the economy shows continued signs of rebounding, stock prices have headed higher and bond prices move lower. Since interest rates move in the inverse direction of bond prices, bond rates moved higher for the week. An increased number of upbeat economic reports have boosted stock prices in December and driven money away
Yes. The beneficiary has authorization on an account only at the time of the account holder’s death. Prior to that time, the beneficiary has no rights to the account and therefore the bank is not at liberty to discuss who the beneficiary is on an account unless the bank is speaking with the
Silvergate Bank established in 1988 as a California state chartered, FDIC-insured financial institution. Silvergate Bank offers a variety of lending programs and deposit account products. Silvergate Bank provides banking services for consumers, sole proprietors, and non-profit organizations. The institution offers an array of checking accounts and savings account products for consumers as well as sole proprietors and