Rates Current as of Wednesday February 08, 2012

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The amount by which the auction price of a bill, note, or bond is higher than its face value.

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CD Interest Rates Commentary Sept 3, 2009

Interest rates continued to fall Wednesday Sept. 2, 2009. Six month Treasury bills gave up one basis point to close at 0.22% yesterday. One year Treasuries fell two basis points from 0.43% down to 0.41%. The ten year Treasury fell a surprising eight basis points, pushing the yield down to 3.29%. The move into Treasuries

Are money-market funds getting dragged down by the subprime crisis?

The funds can invest only in the highest-quality securities, so they can’t buy subprime debt. Some funds have bought commercial paper [short-term debt] from structured investment vehicles [SIVs] that hold subprime mortgages. What is making people jittery is that another batch of SIVs is on watch for a credit downgrade. So, while

Illinois CD Rate Promotion at Great American Bank

Great American Bank is now offering the best midterm and long term CD rate in Illinois. Illinois residents can open a bank CD at Great American Bank for a two year term and receive a 3.00 percent annual yield. The only catch to the account is that the deposit amount to earn this

Noninterest Income

Net income for a bank that is not derived by interest earned on loans and assets. Noninterest income may include check collection fees, monthly service charges on deposit accounts, cash management services and fees from bank credit cards and consumer loans.

First Mortgage

A real estate loan which is in a first lien position, taking priority over all other liens. In case of a foreclosure, the first mortgage will be repaid before any other mortgages.

Economy and Euro Debt Push CD Rates, Mortgage Rates and Credit Card Rates Lower January 16, 2012

Trouble with the U.S. economy and the European debt crisis stay front and center in 2012 when it comes to the direction of interest rates. In the past week, we found out that December retail sales were disappointing with a rise of just .01 percent and Standard & Poor’s is getting ready to change the

Appreciation

An increase in an investment’s value.

4.00% Rate on 10 Month CD, Union Bank Missouri

Union Bank of Kansas City Missouri is offering a great short term CD rate. The bank has a promotional CD with a 10 month term that yields 4.00% APY. This interest rate is one of the top CD rates in Missouri for bank CDs with terms of less than one year. The 10 month CD

Mountain View Bank CD Rates

Located in the Ozark Mountains of North Central Arkansas, the Bank of Mountain View has been serving the people of Stone County since 1915. The Bank of Mountain View continues to be the area’s only locally owned and operated bank. Bank of Mountain View has two bank branch locations. The bank is chartered as a

I was looking at the Prime Rate at two different banks and got two different numbes. Isn’t the Prime Rate the same at all banks?

No, it isn’t. The Prime Rate was initially established as the interest rate banks set for the most credit worthy clients to lend at, hence it is the “Prime” rate. It no longer carries that connotation; loans are often pried below or above prime for the lowest risk clients. Each bank in accord

I bounced a check that I had written this month for my car payment. How will this affect my credit?

Missing a monthly car payment, no matter whether you missed the payment or bounced the check, is always going to affect your credit negatively. It is possible that if you make good on the amount of the payment and any fees your auto loan lender charges you for a returned check within the 30

Beneficiary

A person who is entitled to receive the benefits or proceeds of a will, trust, insurance policy, retirement plan, annuity, or other contract.

Checking clearing times and Check21

When you write a check from your bank account, before making any subsequent deposits to cover the amount written, be more careful as the time it now takes to clear the funds through your checking account has been greatly reduced since the new law of Check21 was passed.

Bank Rates December 13th, 2010

All bank rates made a modest drop again this past week with the key exception in mortgage rates. Mortgage rates rose measurably by week’s end as did mid and long term Treasury rates. Excluding mortgage rates, bank savings rates and lending rates were lower on the week. CD interest rates were either

Overdraft

When the amount of money withdrawn from a bank account is greater than the amount actually available in the account, the excess is known as an overdraft, and the account is said to be overdrawn.

Savings Bank

Depository institution historically engaged primarily in accepting consumer savings deposits and in originating and investing in securities and residential mortgage loans; now may offer checking-type deposits and make a wider range of loans.

What is inflation?

Inflation is defined as a rise in the general price level. In other words, prices of many goods and services such as housing, apparel, food, transportation, and fuel must be increasing in order for inflation to occur in the overall economy. Inflation may be measured in several ways with different gauges. The Bureau

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1st National Bank of South Florida is a community Bank headquartered in Homestead, Florida. The bank was established in 1932 and now operates seven bank branch offices in Florida. 1st National Bank of South Florida provides personal and business banking services primarily in South Florida. The bank provides financial services through various bank products and services

Tip #33

When you get a PIN number for your debit or credit card, choose and guard it carefully. When selecting a PIN, avoid picking a number that is easy for others to guess – for example, your name, telephone number, date of birth, or any simple combination of these. Never write down your

CD Rates in Dupage County

First DuPage Bank is a state chartered, FDIC-insured commercial bank that has been open since June of 1999. The bank moved into its new quarters to Westmont, Illinois on November 2000. The bank offers personal and commercial banking services. As a community bank, the bank has several goals including the goal to provide loans to their

CD Rate Updates

CD Interest Rates Mildly Lower January 30, 2012

In the most recent survey of bank CD rates conducted by Selectcdrates.com, CD rates slumped slightly compounding last week’s similar dip. The average yield on the Selectcdrates.com CD rate index moved down to 1.081 percent from an average rate of 1.087 percent found in the previous rate survey. The Selectcdrates.com index covers the top ten [...]

CD Interest Rates Hold Steady January 23, 2012

CD rates remained relatively stable in the most recent survey of the top national CD rates. The average CD rate, as measured by the rates on the best three month, six month, one year, two year and five year CD rates, was unchanged from the previous week. The Selectcdrates.com weekly CD rate survey showed the [...]

CD Interest Rates Display Little Change January 16, 2012

The best CD interest rates available were little changed over the past week. Based on the most recent survey of bank CD rates performed by Selectcdrates.com, the average CD rate gave up less than one basis point or 1/100th of a percent week over week. The average CD rate on the highest three month CDs, [...]

Banking & CD FAQs

My bank is charging me exorbitant ATM fees. Is this legal?

Yes. Federal law allows banks to charge non-interest charges and fees, including deposit account service charges. All fees should be determined on a competitive basis within the market. Each bank should make the decision on the type, amount, and method of calculation based on sound banking judgment and safe and sound banking

What are leading indicators and what are they used for in financial markets?

An indicator is anything that can be used to predict future financial or economic trends. A variety of public and economic statistics published by accredited sources such as U.S. government departments are indicators. Popular indicators include unemployment rates, housing starts, inflationary indexes and consumer confidence. Leading indicators are obviously types of indicators used

I am buying an expensive item from someone several hundred miles away and need to send them a substantial amount of money. Do I use a money order or a certified check or a cashier’s check?

That depends upon how much you are paying. Most people and businesses prefer a money order or a cashier’s check, because you buy those from the bank, and the person is paid with the bank’s money, not yours. A certified check is as liquid as a cashiers check, meaning the check should be

I received a check payable to both my spouse and myself. Do both of us have to endorse or sign the back of the check?

If a check is issued to you and your wife, the check is payable to all payees. It must be endorsed and negotiated by all of them. If the check were issued to you or your wife, the check is payable to each payee. It may be endorsed and negotiated by either

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