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Bankers acceptances are short-term credit investment created by a non-financial firm and guaranteed by a bank. Bankers’ acceptances are drafts drawn by a commercial firm upon a bank and accepted by the bank. The drafts instruct the bank to pay a designated party a certain sum of money at a specified time in the future.
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
Mortgage rates and Treasury rates increased this past week while CD interest rates, savings account rates and credit card rates moved lower. Though, the results for Treasury and mortgage rates moved in opposite direction to bank savings rates and CD rates, the rate reduction for bank savings rates and CD rates was almost insignificant and
Bank fees on checking accounts and for supplemental services often seem like a trivial expense in which to place a lot of effort in trying to control. Bank fees are not only rising significantly but these costs that easily controlled, monitored and changed. The truth is that banks have come up with a variety of
Although most investors have traditionally purchased CDs through local banks, many brokerage firms now offer CDs. The brokerage firms called deposit brokers represent various banks and offer the bank CDs as a service to their customers. Some brokered CDs offer higher CD rates due to special features or extended terms. These brokered CDs should be
If you deposit a check that has bounced by the bank on which it’s drawn, your bank will charge that check back to your account. Your bank may also impose a returned deposited check fee on your account. You may also want to make sure you have not used those funds and subsequently
Finding certificate of deposit rates above 4.00% has become increasing more difficult. In Louisiana, one bank is offering a yield in excess of 4.00% on a several different term CDs. Crescent Bank & Trust offers some of the highest CD rates along all maturities in Louisiana. The interest rates offered in the categories of one
First National Bank of Baldwin County is chartered as a National Bank, headquartered in the state of Alabama. The bank was established on December 28, 2001and has been FDIC insured since December 28, 2001. The primary regulator is the Office of the Comptroller of the Currency (OCC). As of December 31 2008, First National Bank
If you closed the account before the bank credited accrued interest, generally that interest is not paid out, this is known as forfeiture of interest. However, the bank must disclose this policy in the account agreement you received when you opened the account. Review your account agreement to verify your banks policy.
Banks, which accept deposits primarily from individuals and place a large portion of their funds into mortgage loans. These institutions are prominent in many of the northeastern states. Savings banks generally have broader asset and liability powers than savings and loan associations but narrower powers than commercial banks. Savings banks are authorized
The intense stock market volatility surfacing late this summer has done little to impact bank and credit union certificate of deposit rates. While the stock market has seen days in which the major indices have moved by multiple percentage points from the open to the close, CD rates have showed little volatility continuing a mostly
To start the new year, East River Bank of Pennsylvania is offering some of the highest CD rates in the state. East River Bank is a community bank, meeting the needs of homes, families, and businesses in the Philadelphia area. East River Bank offers a full range of financial services for both personal and business
Non Sufficient Funds or A balance in a deposit account that isn’t large enough to pay the checks and other items presented for payment.
A loan made by a lender to a borrower for the financing of real property.
CD laddering is a method of investing with secure and safe bank products that allows you to shield your investments from significant interest rate fluctuations. To create a CD ladder, you buy several bank CDs with varying lengths and interest rates. Laddering is an attempt to hedge against market volatility in interest rates. If CD rates go
Fargo may seem like time passes it by, but banking competition is alive and well in North Dakota’s largest city. BlackRidgeBANK offers CD specials that are significantly above the national average. At the present time the bank is advertising promotional interest rates on their 9 month and 18 month term CDs. The 9 month bank
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
The current bank CD rate promotion from iGObanking.com is short and sweet. iGObanking, the online banking division of Flushing Bank, is now offering a one year term certificate of deposit that has an interest rate of 1.30 percent. The high yield interest rate on this CD makes it’s the highest one year term CD rate
Saigon National Bank is a locally owned community bank devoted to serving the financial needs of the Vietnamese business community in Southern California. Saigon National Bank provides various personal and commercial banking products and services in California. Saigon National Bank was established on November 30, 2005 and has been FDIC insured since November 30, 2005.
Compound interest makes a distinction from simple interest due to the reinvestment of interest factoring into the rate of return. Compound interest is the method of calculating the rate of return by adding accumulated interest back to the principal investment, so that interest is earned on both the original principal and the interest as it accumulates. The more frequently the interest