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Chesapeake Bank of Maryland is based in Baltimore, Maryland and has been serving this market area since 1911. Chesapeake Bank of Maryland has bank branch offices located in Parkville, Patterson Park, Arbutus, Pasadena and Bel Air.
Chesapeake Bank of Maryland has historically conducted traditional banking operations as a community bank accepting deposits from the local community
Housing starts in November were at a seasonally adjusted annual rate of 625,000. This is 18.9 percent below the revised October estimate of 771,000 and is 47.0 percent below the revised November 2007 rate of 1,179,000. November 2008 housing starts down for 47% from November 2007. In normal times the stock market would plummet and
The average bank rate on all maturities is now at their low point of the year. The driving forces behind the low rates is varied. Loss of competition with continued bank closures by the FDIC is contributing mildly to this situation. Excess reserves held by banks due to low lending activities contribute to low banks
The person or bank who is expected to pay a check or draft when it is presented for payment.
Data received by a creditor indicating that a credit applicant has not paid his or her accounts with other creditors according to the required terms.
A Money Market Fund is a mutual fund that is required by the US Securities and Exchange Commission to invest in low-risk, high quality securities. Unlike a Money Market Account, a Money Market Fund is not insured by the FDIC (Federal Deposit Insurance Corporation.) However, the underlying investments that make up the fund
Expenses which are incurred, but for which payment is not yet made, during a given accounting period.
As a result of the present market conditions for bank operations, the spread between the best and worst interest rates among banks has been elevated. The best CD rates are frequently double the national average CD rates. During these times it is often the most rewarding opportunity to switch bank account. Compare both the best
Do not be afraid to ask for a break from excessive bank fees. If you have bounced a check for the first time ever, need a copy of an old monthly checking account statement, or even think the fees for your mortgage application are a bit high? Depending on the circumstances, your bank might be
Simple interest is a very basic way of looking at interest. The various methods used to calculate interest are basically variations of the simple interest calculation method. In fact, your interest – whether you’re paying it or earning it – is usually calculated using different methods The basic concept underlying simple interest
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
This past week on Wall Street there appears to be growing belief that the economic recovery is insight. The Fed Chairman chimed in after the annual Fed conference in Wyoming that the U.S. economy has “avoided the worst” and the recovery will be “relatively slow at first”. Meanwhile the FDIC closed the doors on four
Some long-term, high yield certificates of deposit have call features, meaning that the issuing bank may choose to terminate or call the CD after a predetermined period of time. The original investment with accrued interest will be return to the investor. Only the issuing bank may call a CD, not the account holder. A bank might decide
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
Inflation is a major factor determining the level of interest rates. The longer the duration of the loan, the greater the risk that inflation can accelerate, reducing the purchasing power of the loan repayment. So, rates generally are higher on long-term loans than on short-term loans, because people who lend for longer periods
Rondout Savings Bank is a New York bank that offers personal and commercial banking services. Rondout Savings Bank has been producing strong earnings, maintaining a solid capital base and engaging in sound loan decision making for more than 140 years.
Rondout Savings Bank was founded in 1868 and is based in Kingston, New York. The bank
In finance and economics, interest is considered the price of money, and it is subject to changes due to the supply and demand of available funds and inflation. The nominal interest rate, which refers to the price before adjustment to inflation and risk, is the one that is visible to the consumer. The
Bank lending rates made significant improvements for the week ending September 23, 2011. Significant improvement for lending rates translates into lower mortgage rates, credit card rates and auto loan rates. Sadly, when there are improvements in lending rates there are generally losses in other rates or lower bank CD rates and saving account rates. And
A checking or similar account from which transfers can be made to third parties. Demand deposit accounts, negotiable order of withdrawal (NOW) accounts, automatic transfer service (ATS) accounts, and credit union share draft accounts are examples of transaction accounts at banks and other depository institutions.
Banks, like credit cards and brokers before them, are hoping their customers stay safely unaware of what the financial industry actually entails. Fortunately for banks, most customers are living up to the industries very low expectations. The vast majority of banks, especially those with large downtown offices and football stadiums, don’t operate with