Rates Current as of Thursday February 09, 2012

Principal Balance

The outstanding balance on a loan, excluding interest and fees.

This entry was posted on Saturday, October 11th, 2008 at 5:24 pm and is filed under Glossary. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.

No user commented in " Principal Balance "

Follow-up comment rss or Leave a Trackback

Similiar Content You Might Enjoy

What does the Federal Reserve do?

The Federal Reserve has three main functions. First, it provides the nations banks, thrifts and credit unions with certain services such as check processing and electronic funds transfers. Second, it is the bank for the U.S government and holds the government accounts for collections and disbursements. As part of this function it

Online Banking

A service that allows an account holder to obtain account information and manage certain banking transactions through a personal computer via the financial institution’s web site on the Internet. This is also known as Internet or electronic banking.

State Banking Department

The organization in each State that supervises the operations and affairs of State banks.

I am trying to decide whether to open a savings account or a CD. Which type of account is better?

There is no right answer to this question. Generally, a CD will pay a higher interest rate than a savings account. CDs have penalties for early withdrawal, which restricts access to your money. A high yield savings account will limit the amount of withdrawals that can be made each month; however, any

Fifth Third Bank Ad in The Columbus Dispatch, Top CD Rate in Ohio

Fifth Third Bank continues to advertise aggressively with high interest rate CDs. The bank ran an ad in the Sunday Nov. 9th, 2008 Columbus Dispatch in which Fifth Third Bank is offering a 13 month CD at 4.05% and a 24 month CD at 4.25%. These two offers place are the highest interest rate CDs

Tampa Florida Home of the Best Game and the Best CD Rates

Bank CDs are already a popular savings option that provides account holders with guaranteed, higher-than-average interest rates. With most banks the CD investors have the flexibility of a variety of maturities from 7 days to 60 months. These features apply to the bank CDs being offered by Pilot Bank too. Pilot Bank was formed in September

Adverse Action

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.

CD Rates, Mortgage Rates and Credit Card Rates August 1, 2011

Bank interest rates moved noticeable lower this week. CD interest rates, mortgage rates, credit card rates and Treasury rates all dipped down for the week ending July 29, 2011. The U.S debt stalemate has crushed equities in the month of July and pushed interest rates demonstrably lower. The stock market experienced its worst July in over

Billing Date

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.

Watch the Extra Services Charged for your Bank Checking Account

Try to avoid the ancillary services provided by your bank that may be cheaper to get elsewhere. For instance, you may want to avoid getting your checks for your checking account through your bank. Banks know that it is convenient for you to order your checks through them when signing up for your new checking

What are the penalties for withdrawing money early from a Time Certificate of Deposit (CD)?

Federal law stipulates that all time certificates of deposit (CD) that are cashed out early are subject to a minimum penalty. If you withdraw an amount within the first six days after deposit, the penalty consists of at least seven days’ simple interest. Other than that, national banks can set their own penalties;

Why should I change my password regularly for online banking?

Most financial institutions recommend that you change your password regularly so that your account is absolutely secure. This is especially the case if you use and easily guessed password that may be ascertained by individuals illegally peering through your discarded data or if you frequently sign on at a computer that you share with

Apple Bank Money Market Account, New York

Apple Bank is now running a promotion on their high yield money market account. The bank offers a 3.75% interest rate on the account, guaranteed for 12 months on balances up to $199,999.00. This high yield money market account is the highest rate currently offered in New York. In order to achieve the advertised interest

Understanding Interest Rates

Interest is the price that someone pays on the temporary use of someone else’s funds or more accurately, the cost of borrowed money or capital. Interest is a fee or price paid on the borrowed capital. The interest is paying for the use of others savings over a given period of time.

Bank Rates September 23, 2009

Treasury rates were unchanged on the short end of the yield, mostly lower on the long end and the one year managed to go its own way with an increase in rate. The three month and six month Treasuries held steady with interest rates at 0.11% and 0.20%, respectively. The one year Treasury gained two basis

Open Market Operations

Purchases and sales of government securities and certain other securities in the open market, through the Domestic Trading Desk at the Federal Reserve Bank of New York as directed by the Federal Open Market Committee (FOMC), to influence the volume of money and credit in the economy. Purchases inject reserves into the banking system

What is a basis point (BPS)?

A basis point is a unit of measure in finance to describe the small percentage change in the interest rates of financial securities. One basis point is equivalent to 0.01% or 1/100th of a percent. If your local bank raises the interest rate on its one year CD by 25 basis points it

CD Rates in Athens – Athens Illinois

Athens State Bank is locally owned and operated bank in Athens, Illinois. The main objective of the bank is to provide banking services to its customer base in Menard and Sangamon counties Illinois. Athens State Bank has a long history of serving the local community surrounding Athens. Athens State Bank first opened its doors May 21,

Comparing Annual Percentage Yield on Bank CDs

Annual percentage yield is a great tool for comparing bank savings products and evaluating how much your deposit earns. APY measures the rate of return annually and takes compounding into account. For bank products like high yielding CDs, the APY measures the interest rate and how quickly that interest is paid. Shorter compounding periods leads

Annual and Semiannual Reports

Summaries that a mutual fund sends to its shareholders that discuss the fund’s performance over a certain period and identify the securities in the fund’s portfolio on a specific date.

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

I used to receive my cancelled checks with my monthly statement from the bank but the bank has discontinued that process? Do any banks still send out the physical checks?

Some banks still return the physical check, but it is not likely to last much longer. As banking moves online, so have your cancelled checks. Most large banks now will show you scanned copies of your checks within days of when they clear. Digital images of checks reduces processing time and reduces

What are money market mutual funds, and how do investors use them?

A money market fund is a type of mutual fund that invests in high-quality, short-term securities that present minimal credit risk. These funds also pay dividends that generally reflect short-term interest rates. Although the net asset value per share of a traditional mutual fund changes daily in response to market factors, money market

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

Why do they tell me I can’t cash a check that is more than 6 months old?

Accepting checks is part of contract law and usually governed by the Uniform Commercial Code. Individual states set the standards for the acceptable term on a check. It is a general standard that a check over 6 months old.

Best Rates on CDs
Best Interest Checking Account Rates

Discover Bank IRA CD Rates

Emigrant Direct
Sallie Mae Savings

Bank Deals
Checking Account Promotions
Chase Bank Promotions Bank of America Promotions
Capital One Promotions
Citibank Promotion

Second Chance Bank Account
Online Checking Accounts Roth IRA Accounts

Best Credit Card Rates Low Interest Credit Cards Business Credit Cards Credit Cards with Cash Back Credit Card Applications
Best Credit Card Offers
Low Interest Rate Credit Cards
Credit Cards for Bad Credit

Best Prepaid Cards
Chase Bank Credit Cards
Chase Credit Card Offer Chase Freedom Card
Chase Credit Card Interest Rates
Wells Credit Cards
Apply for Citibank Credit Card
Citicreditcard
Student Citi Card
Citibank Dividend Card Balance Transfer Credit Card HSBC Bank Household Bank Credit Card

Personal Checking Account
Bank Certificates of Deposit
Compare Savings Accounts
Setting Up a Bank Account Online Bank Services
Bank Information
Open a Bank Account
Bank Money Markets
Bank IRA Accounts

Mobile Banking Online Banking

CD Ladder
CD Loan

Best Checking Accounts

Senior Checking Account

Car Loan Rate

Business Checking

Online Brokers

----------Calculators ---------

Savings Account Calculator
Compound Interest Calculator
Mortgage Payment Calculator

About Us | Contact Us | Privacy Policy

Principal Balance

No user commented in " Principal Balance "

Leave A Reply

CD Rate Updates

Banking & CD FAQs

Bank & CD Tips