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The average bank rate on all maturities is now at their low point of the year. The driving forces behind the low rates is varied. Loss of competition with continued bank closures by the FDIC is contributing mildly to this situation. Excess reserves held by banks due to low lending activities contribute to low banks
Castroville State Bank is a Texas based bank with its sole office and headquarters located in Castroville, Texas. The bank was established in 1959. Castroville State Bank offers customers in the Medina Valley and surrounding areas both personal and commercial banking products and services.
The bank offers several different checking account options from a no fee
Dubuque Bank & Trust Company operates five offices in Dubuque, Iowa and offices in the nearby communities of Epworth, Farley and Holy Cross. The bank has been serving the region since 1935 and has been a member of FDIC since that time. With assets in excess of $1 billion, it is among the largest commercial
Huntington is marketing a linked CD account in the local newpapers and online. The CD account is for a 13 month term and earns an interest rate of 4.10%. In order to obtain that yield the CD account holder must have a qualifying Huntington deposit account. The monthly CD interest payments will be deposited directly
A term used to describe a debt security the title to which is transferred by delivery.
A time deposit, FDIC-insured to $100,000 per person ($250,000 on retirement accounts), with a fixed maturity date, usually from three months to five years. It usually pays higher interest than a savings account and cannot be withdrawn before a specified maturity date without being subject to an interest penalty for early withdrawal.
The top CD interest rates available nationally barely budged over the past week. The highest CD rates moved lower on the week but by the smallest of increments and remain in a very tight range. The Selectcdrates.com index of the top ten CD rates for three month CDs, six month CDs, one year CDs, two
First National Bank of Baldwin County is chartered as a National Bank, headquartered in the state of Alabama. The bank was established on December 28, 2001and has been FDIC insured since December 28, 2001. The primary regulator is the Office of the Comptroller of the Currency (OCC). As of December 31 2008, First National Bank
United Bank of Philadelphia is a minority owned bank that offers banking services and products throughout Philadelphia and the surrounding area. The bank offers a wide variety of investment tools and products to help consumers in the market area served by the bank achieve their financial goals. Part of the plethora of savings products offered
Susquehanna Bank has a new CD promotion starting in May 2014. The Susquehanna Bank promotion is for an 18 month term certificate with a yield of 1.20%. This bank promotion does not require a checking account commitment or a series of other conditions to be performed by the customer. A deposit of new money is
HomeStreet Bank is a family and employee owned bank. HomeStreet Bank is based in Seattle and is one of the largest privately owned banks in the Northwest and Hawaii. The bank has over $2.9 billion in assets and has 31 deposit and lending branches in Washington, Oregon and Hawaii. HomeStreet Bank’s origin began in 1921
CD rates in Massachusetts with the top ten largest Massachusetts based banks. The top ten largest Massachusetts based banks ranked by total assets include:
State Street Bank and Trust Company headquartered in Boston
Eastern Bank headquartered in Boston
Rockland Trust Company headquartered in Rockland
Middlesex Savings Bank headquartered in Natick
Boston Private Bank & Trust Company headquartered in Boston
A bank CD is a great savings vehicle with high returns and virtually no risk, regardless of the amount you choose to invest as long as the amount remains under the maximum covered by the FDIC. Before investing in a CD there are several points that an investor should consider. Just like any other type
The First, N.A. was founded in 1864. The First is an independent community bank serving Mid-Coast and Down East Maine with 14 offices in Lincoln, Knox, Hancock and Washington Counties. The bank provides a full range of consumer and commercial banking products and services. First Advisors, a division of The First, provides investment advisory, private
The Fourth of July celebration was good to the interest rate markets. Borrowing costs dropped and key savings rates increased. We could definitely use more weeks like this to stimulate the economy and help out the consumer with lower borrowing costs and increased savings rates of return.
Weakening economic results in the U.S. are now as
Financial cooperative organization of individuals who have a common bond, such as a place of employment, residence, or membership in a labor union. Credit unions accept deposits from members, pay interest, in the form of dividends, on the deposits out of earnings, and use their funds mainly to provide consumer installment loans to members.
Bank rates in Washington are our focus while the nation has its eye on the newest resident in the District of Columbia.
Washington DC is home to a quite a selection of banks offering above average CD rates. Most of these banks are small, local banks that are growing and prospering. Bank of Georgetown is a
Figurative expression referring to the Federal Reserve’s facility for extending credit directly to eligible depository institutions, those with transaction accounts or nonpersonal time deposits.
Atlantic Coast Bank is a federally chartered mutual thrift or savings association. Therefore the primary regulator is the Office of Thrift Supervision (OTS). The bank was established on March 27, 1939. Atlantic Coast Bank has been FDIC insured since November 1, 2000
As of June 31, 2009, Atlantic Coast Bank had a total of 175 full-time
The FDIC does not publish that list. Although the FDIC periodically announces the number of banks they have on the watch list, they do not believe it would be prudent to relesease the names of the banks to the public. The obvious conclusion is that the FDIC is trying to bring these banks