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Iron Workers is a mutual savings bank established December 8th, 1879 in Chester Pennsylvania. The Bank was named after the local artisans who built iron clad ships, in the local ship yard. Iron Workers is a community bank specializing in retail and small business banking. The bank offers a variety of standard banking services from
A payment postponed until a future date.
Wedbush Bank is headquartered in downtown Los Angeles, CA. The bank is a wholly-owned subsidiary of WEDBUSH, Inc., the parent company of Wedbush Morgan Securities. Wedbush Bank was founded in 2008. The bank is an extension of the company’s existing operations, which include a financial brokerage and investment bank, a private equity fund and an
Treasury rates were unchanged on the short end of the yield, mostly lower on the long end and the one year managed to go its own way with an increase in rate.
The three month and six month Treasuries held steady with interest rates at 0.11% and 0.20%, respectively. The one year Treasury gained two basis
Bank rates appear to be set in just one direction, downward. On the savings and investment side, bank CD interest rates headed lower last week as did bank money market account rates and bank savings account rates. On the lending side, mortgage rates dropped a notch by the close of the week while
The reserves of a bank accounted by the Federal reserve which are in excess of the banks legal requirement.
A senior official of the Federal Reserve Bank of New York discusses developments in the financial and foreign exchange markets, along with the details of the activities of the New York Fed’s Domestic and Foreign Trading Desks since the previous FOMC meeting. Senior staff from the Board of Governors present their economic and financial
Magyar Bank serves individuals and businesses in Central New Jersey. The bank operates five branch locations in New Brunswick, North Brunswick, South Brunswick, and Branchburg. The Bank was founded in 1922 by Hungarian immigrants with the purpose of helping the community’s residents achieve the “American Dream”. The banks name comes from the Hungarian word to
Bank certificate of deposit rates were lower on the short term maturities once again while the longer term CD rates showed mixed results for the week. Six month maturities and one year maturities were all lower in yield while the two year term CD was unchanged and the five year maturities experienced an increase in
Generally, cashier’s checks must be made available by the next business day. However, because of the number of fraudulent and counterfeit checks now being passed, banks are beginning to place an extended hold on cashier’s checks.
A bank can only place a hold on the amount of the check deposited in excess of $5,000. And
Bank CD rates were moderately lower for the week for the week ending October 29, 2009. The short term CD interest rates had the largest rate movement, unfortunately to the downside. Mid term CD rates were modestly higher and the long term, five year CD rates were down just slightly.
Six month CD rates that are
Maximizing bank rates and reducing bank fees should be a regular process. This is regardless of your income and the amount of money invested with bank CDs or held in bank checking accounts. Analyzing your bank transactions and activity is a key step to controlling both incremental rates of return and the slow reduction of
An open-end credit account in which the assigned dollar limit has been exceeded.
The Nov. 6, 2008 issue of the Orange County Register has an ad from Affinity Bank displaying their offer for a 7 month CD at a 4.00% interest rate. The minimum deposit for this account is $10,000.00. Affinity Bank can be reached at 800-489-2194. The website is www.affinitybank.com. Affinity bank has 10 branch locations in
CD interest rates took a pretty big fall this past week. Economic uncertainty combined with government debt problems in the U.S. and in Europe is the biggest dynamic influencing the direction of interest rates. Based on the most recent economic figures and Fed statements, a slow economy looks to be in the forecast for some
As fiscal agents of the United States, the Federal Reserve Banks function as the U.S. government’s bank and perform a variety of services for the Treasury, other government agencies, government-sponsored enterprises, and some international organizations. Often the fiscal agent services performed by the Reserve Banks are the same, or similar to, services that the Reserve
To write a check for an amount that exceeds the amount on deposit in the account.
Bank rates moved mostly higher this past week with mortgage rates, CD rates and credit cards turning marginally higher while saving account rates and money market rates drifted slightly lower. The government shutdown took some of the volatility out of the market as the week progressed without any solution to the crisis.
The interest rates markets
The amount paid by a borrower to a lender in exchange for the use of the lender’s money for a certain period of time. Interest is paid on loans or on debt instruments, such as notes or bonds, either at regular intervals or as part of a lump sum payment when the issue matures.
Political uncertainty pushed and pulled bank rates while the Christmas holiday approached. As the week before Christmas came to a close, interest rates came well off of their high points that had been reached early in the week and started to march modestly lower. Friday’s news of a clear problem with any resolution to the