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When you write a check, don’t date a check ahead of the day you wrote it. This is referred to as post-dating a check. Even though the date is a future date, the individual or company that you give it to can go ahead and deposit it and the bank is free to
New Century Bank is a local Chester County bank offering some of the best CD rates in Pennsylvania. The bank was established in 1997 and has evolved within the heart of Phoenixville.
As of Janurary 7, 2009 New Century Bank is offering the following competitive CD rates: A 3 month certificate of deposit earning an interest
Controlling reserves either through availability or the rate at which reserves are carried is the backbone of the Feds forces. Understanding the reserves system is key to understanding why the Fed carries so much control over the whole financial system.
Reserve requirements are the percentage of deposits that depository institutions must hold in reserve and
As the market conditions for banks remain challenging, the competition among banks to increase revenue has skyrocketed. Many banks have become very aggressive and innovative as they try to lure customers and their money away from their competitors. Shop around and make sure you get the best account to suit your needs as banks have
The Assistant Secretary for Financial Stability, Neel Kashkari, gave a speech that was a comprehensive update on the Treasury Department’s progress in implementing the Troubled Asset Relief Program (TARP). The speech was given at Brookings Institution on January 8, 2009. The following is excerpts from the speech discussing the Fed and Treasury programs in place.
Bank rates were mostly lower for the week ending May 18, 2012. Based on the most recent weekly survey of the top bank rates available nationally conducted by Selectcdrates.com, mortgage rates and CD rates moved lower, savings account rates ticked up slightly higher and credit card rates were unchanged.
CD rates were down by a relatively
The Truth in Lending Act is a Federal law that requires lenders to provide standardized information so that borrowers can compare loan terms. In general, lenders must provide information on what credit will cost the borrowers, when charges will be imposed, and what the borrower’s rights are as a consumer.
Good news for home loan borrowers and bank CD investors this week. Conflicting economic news is pushing and pulling on investor sentiment. The changing economic landscape and inconsistent, if not contradictory economic reports has driven money out of bonds and into equities one week and reversing the polarity the next. Over the past week, the
Always save your ATM receipts until you are able to compare them to your monthly statement or you verify your transactions online. If you believe there’s an accounting error involving an ATM transaction, the federal Electronic Fund Transfer Act (EFTA) offers protections. To be fully protected under the EFTA the law states,
This is the third article in a sequence of reviews on banks and bank CDs offered in the Aloha state. This review takes a look at “Bankoh”. “Bankoh” is the nickname for the Bank of Hawaii. Bank of Hawaii is a regional commercial bank headquartered in Honolulu, Hawaii. Bank of Hawaii, a subsidiary of Bank
The percentage, required by Truth in Savings regulations, to be disclosed on interest-bearing deposit accounts that reflects the total interest to be earned based on an institution’s compounding method, assuming funds remain in the account for a 365-day year
Alarion Bank is a Florida bank that provides a number of financial products and services for consumers along with competitively priced certificates of deposit. Alarion Bank is headquartered in Ocala, Florida. The bank has branches in Ocala, Gainesville, and Alachua, Florida. Alarion Bank offers diverse products and services that range from simple checking accounts and
A bank account owned by a business. These are generally checking accounts or demand deposit accounts. Business or commercial bank accounts will usually have higher monthly fees and service charges.
The Chelsea Groton Bank routing number is 211173357. The bank routing number for Chelsea Groton Bank of Connecticut is a nine digit number that identifies this specific financial institution for payment processing and financial transfers. Unique routing numbers are assigned to each financial institution in the U.S.
Chelsea Groton Bank is an independent, mutually owned, community
Washington Savings Bank has just upped the rates on their long term, high yield certificates of deposit. The bank now has some of the best CD rates on four and five year certificate accounts. The CD accounts at Washington Savings have fixed rates for the term of the account with guaranteed yields protected by the
Investors use money market funds for a variety of reasons. One of the primary benefits of money market funds is that they offer safety, liquidity and desirable yields. The safety component is threefold. First, money market funds are highly regulated and must invest the money held for their investors in short term dollar denominated debt
The borrower in a mortgage loan relationship.
A contractual agreement in a loan that allows the borrower or lender to permanently change one or more of the terms of the original contract.
While the world centers in on Tampa to watch the Super Bowl, a review of some of the best CD rates offered by banks in Tampa, Florida deserves attention too. First Citrus Bank is a state chartered commercial bank located right in Tampa, Florida. The bank opened for business in February 1999.
First Citrus Bank has