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Not all savings account and savings investment vehicles are the same. Don’t assume that all savings products that appear to function like a bank deposit are insured by the FDIC. There are many products and companies that offer bank-like services that do not qualify for FDIC insurance. If you want the security of FDIC insurance
This is the signing of a check by the holder so that it may be transferred to another party. Some endorsements are restrictive such as “For Deposit Only” or special such as “Pay to the Order of,” where the transferee is named.
The amount by which the auction price of a bill, note, or bond is higher than its face value.
Review your bank accounts and bank savings portfolio regularly. You may find your portfolio needs to be rebalanced with a somewhat different asset distribution approach. Gather current information on inflation and the general level of interest rates, consider this data with what investments you currently hold as well as what the best bank rates that
The best five year CD rate in Virginia is just a hair under 5.00%. Acacia Federal Savings Bank promotes their five year CD with an interest rate of 4.90% APY. The minimum deposit to open this account is $500.00. With CD rates spiraling downwards after the most recent fed funds rate reduction, finding CD rates
Money market mutual funds are certainly very liquid, there is no penalty for withdrawing your money and the mutual funds that run the account invest in only short term debt instruments like U.S. Treasuries and short term commercial paper. Risk, however, does exist. First, money market mutual funds are securities and have the
Bank of Fall River is a full service bank that was chartered in 1888. Bank of Fall River has four full service bank branch locations in Fall River, N. Dighton/Taunton and Fairhaven. Bank of Fall River has assets of more than $150 million.
In order to meet different savings needs, Bank of Fall River also offers
With the exception of the five year bank CD maturities, CD interest rates were little changed for the week ending February 24, 2012. Based on the most recent survey of CD rates conducted by Selectcdrates.com, the average interest rate offered on the top CD rates available nationally dropped by a very slim margin compared to
Interest rates on loan contracts or debt instruments such as Treasury bills, bank certificates of deposit, or commercial paper, having maturities of less than one year. Often called money market rates.
A substitute check is a paper copy of the front and back of the original check. A substitute check is slightly larger than a standard personal check so that it can contain a picture of your original check. A substitute check is legally the same as the original check if it accurately represents
Most certificates of deposit pay a fixed interest rate until they reach maturity. But, like many other products in today’s fractured financial markets, bank CDs have become more complicated. Bank customers may now choose among variable rate CDs, CD rates based on an index, long term CDs, and CDs with special redemption features. Choose carefully
A fund service allowing shareholders to receive income or principal payments from their fund account at regular intervals.
Busey Bank N.A. is bank with approximately $450 million in assets that is part of the First Busey Corporation. First Busey Corp. is a $4.3 billion holding company headquartered in Urbana, IL. Busey Bank in Florida is headquartered in Port Charlotte, Florida and has eight bank branches serving southwest Florida. Busey Bank is state chartered
The yield curve shows the relationship between interest rates and the time to maturity of a specific bond or interest bearing security in a particuliar currency. The yield curve will have a measurable shape and slope that will vary over time with changes in interest rates. The yield curve is closely watched because
A time span between the due date on a loan payment and when a late fee would be owed. The grace period allows for the mail to deliver the payment for processing. Also the period of time after automatic renewal of a certificate of deposit in which a depositor is allowed to cancel
Savings bonds and Treasury bonds can make great gifts to start a path of investing for young investors. You can purchase an electronic I Bond as a gift for someone and hold it in the “Gift Box” in your TreasuryDirect account until you are ready to transfer it to the recipient. If you purchase an
A decline in the value of one currency relative to another currency. Depreciation occurs when, because of a change in exchange rates, a unit of one currency buys fewer units of another currency.
Interst rates have been fairly volatile over the past several days with mortgage rates hitting record lows and then bouncing higher, Treasury rates also dropping and bouncing up and the only stable movement comes from CD interest rates which unfortunately, just continue to move lower.
Mortgage rates improved over the course of the week across all
Generally, any loan in which the amount advanced, plus any finance charges, is expected to be repaid in full by a specified date. Most real estate and automobile loans are closed-end agreements.
The contract under which a customer has a deposit account with a financial institution.