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Bank rates fell…….through the floor this week. Fortunately, the full impact was not absorbed in CD interest rates although, in the coming days bank CD rates are sure to drop further. The European debt crisis not only refused to go away but appears to be bigger than ever. The combination of more problems with European
A debt instrument used in a real estate transaction where the property is the collateral for the loan. A mortgage gives the lender a right to take possession of the property if the borrower fails to pay off the loan.
The month, date, and year when a periodic or monthly statement is generated. Calculations have been performed for appropriate finance charges, minimum payment due, and new balance.
The following are excerpts from a report by the FDIC in their publication called Supervisory Insights. Supervisory Insights is published by the Division of Supervision and Consumer Protection of the Federal Deposit Insurance Corporation to promote sound principles and best practices for bank supervision. This report was a review on an overview of problems that
Bank CDs not only provide the guarantee of principal when held in an FDIC insured financial institution, but they are also very easy to manage. When you invest in a CD you know when the term or the maturity is and therefore know exactly when all of your funds become available. CD rates also provide
A specialist employed by a mutual fund’s adviser to invest the fund’s assets in accordance with predetermined investment objectives.
Lake City Bank based in Warsaw, IN is currently offering four new CD account promotions. The CD rate promotions at Lake City Bank are aptly named the Companion CDs. The bank CDs are available to checking account holders at Lake City Bank and come with interest rates well above the national average rate for comparable
While the economy stumbles along, certificates of deposit rates grew weaker yet again. For the week ending August 19th, CD interest rates dropped across all maturities measured in the Selectcdrates.com bank rate survey. The movement in CD interest rate reductions has become unstoppable. The deterioration in rates among the top ten highest CD rates this
Bank rates remained firm over the past week with most bank savings rates and lending rates barely moving. Economic news for the week was particularly light.
An announcement from the Treasury Department on foreign Treasury securities holdings indicated that China had reduced its total investment in U.S. Treasury debt for the 5th consecutive month, the
First Community Bank of Eastern Arkansas is a locally owned and operated bank. The bank was established on October 13, 1998. First Community Bank of Eastern Arkansas is chartered as a Federal Reserve Member; therefore the primary regulator is the Federal Reserve Board. The bank has two bank branch locations serving eastern Arkansas. As of
Under the Equal Credit Opportunity Act, a creditor’s refusal to grant credit on the terms requested, termination of an existing account, or an unfavorable change in an existing account.
AmBank is a locally owned bank, chartered in New Mexico in May of 1997. AmBank’s main branch is located in Silver City; the bank has two additional bank branches in Hurley and Bayard. AmBank offers a variety of consumer savings, transactions accounts and loan products.
The banks regular savings account requires a $100.00 minimum deposit upon
Nexity Bank certificates of deposit are frequently among the highest rate CDs in the nation. Nexity CDs offer an exceptional rate return relative to the national averages for bank CDs. Nexity, like many other predominantly internet based banks, uses the Internet to provide certain advantages to customers who want to purchase financial products that will
The legal proceedings by which the affairs of a bankrupt person are turned over to a trustee or receiver for administration under the bankruptcy laws. There are two types of bankruptcy: Involuntary bankruptcy, one or more creditors of an insolvent debtor file a petition having the debtor declared bankrupt. Voluntary bankruptcy, the
The regulation, by the Federal Reserve System, of the money supply in order to maximize production and employment and stabilize prices.
A one year CD that has an interest rate of 4.25% APY. The best one year term CD rate presently being offered in the state of New Jersey. RomAsia Bank of Monmouth Junction, NJ is the bank promoting this product. Not only does the bank offer the best one year CD rate in New Jersey
A time deposit is a money deposit at a bank that cannot be withdrawn for a certain designated term or period of time. When the term is over it can be withdrawn, or it can be held for another term. The longer the term, the better the yield on the money. Generally, there
Many factors affect the rate paid on different maturity CDs. One significant factor is inflation. Inflation expectations generally result in longer interest rates being higher than shorter-term interest rates. Creditors want to be compensated for the use of their funds plus a sufficient return to compensate for the erosion of their purchasing
A share of ownership or equity in a corporation.
Emergency funds are a necessity for financial safety measures because they give you resources to fall back in times of financial emergencies such when you become very ill or disabled and can’t work, or if you or your spouse lose your job, incur large medical bills, or have an unexpected large bill such as a