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Yes. The bank may freeze the account to ensure that no funds are withdrawn before the error is corrected. Or the bank may place a hold on the deposit.
Debt securities that issued by the United States government. Generally speaking bonds have a term over one year but the term is often used to refer to Treasury bonds and Treasury notes, Treasury bills, Series H bonds, Series E bonds, and Treasury Certificates
For the past few weeks the financial markets seem to be getting a bit more disquieting. Debt market concerns and the lack of economic expansion seem to be weighing heavy in the markets. This distress has effect of keeping a lid on interest rates.
Poor economic news and skittish markets generally always provide a damper on
The bank is not required to notify you when a check bounces. You are responsible for keeping a current and accurate check/transaction register. By balancing it with your monthly statement, you will know your account balance and prevent overdrafts.
State laws generally provide that it is illegal to write a check—knowingly or negligently—without having
Overdraft protection is an agreement with the bank or financial institution to cover overdrafts on a checking account. This service will typically involve a fee and be limited to a preset maximum amount.
Bank rates displayed only moderate changes for the first week of April after the release of the monthly jobs report helped to push interest rates lower at the end of the week after rising through much of the early part of the week. The monthly jobs report released on Friday April 4th came in about
The date on which checks payable at local or non-local banks are considered to be collected and available for customers’ withdrawal.
A yield curve is a graph that shows the relationship between yields and maturity dates. Under normal circumstances, the longer it takes for a CD, bond or other investment to mature, the greater the yield, because people demand a greater return to tie up their money for a longer time. When the difference in
Earnings on an investment’s earnings. Over time, compounding can produce significant
growth in the value of an investment.
A mutual fund whose shares are sold without a sales commission and without a 12b-1 fee of more than .25 percent per year.
Unrest and fear around the globe has caused jitters in world markets pushing interest rates lower. As fear and uncertainty rises, investors often flock to the safety and security of highly rated fixed income investments such as Treasury notes and bonds as well as mortgage backed bonds. This past week, along with the previous week,
Bank savings rates and lending rates moved in diverse directions for the week ending October 15th, 2010. Mortgage rates rose at the close of the week. CD rates were predominantly lower. Bank savings account rates and money market rates were unchanged. Credit card rates reversed last week’s rise and ended lower.
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.
Banks are private, for-profit businesses that offer a variety of services to the public with the intent of making a profit. Credit unions operate as not for profit entities, but play the same basic role in providing services to the general public and the economy. Though banks are driven by a profit motive,
The Nov. 6, 2008 issue of the Orange County Register has an ad from Affinity Bank displaying their offer for a 7 month CD at a 4.00% interest rate. The minimum deposit for this account is $10,000.00. Affinity Bank can be reached at 800-489-2194. The website is www.affinitybank.com. Affinity bank has 10 branch locations in
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
California General Bank N.A. is an independent commercial bank based in Pasadena, California. The bank was established on March 9, 2009. California General Bank, N.A. has been FDIC insured since March 9, 2009. The bank is chartered as a National Bank and therefore the primary regulator is the Office of the Comptroller of the Currency
Money market fund managers voluntarily waive fees they have a contractual right to claim. Accordingly, the effective fee charged may be substantially less than indicated in expense ratios and may vary over the year despite a constant contractual fee. Retail fund managers use fee waivers to strategically adjust net advisory fees to current realizations in
The bank was chartered in 1934 and remains a full service, intrastate community bank offering a standard array of traditional loan and deposit products. Since its inception, the bank’s main objective has been to serve the banking needs of Newfield, New Jersey as well as Gloucester, Cumberland and Cape May counties.
Newfield National Bank provides deposit
CD rates took a little swoon downwards after the March Fed meeting concluded this past week. As many economists and Fed watchers had expected, the Fed statement released at the close of the two day meeting removed the reference to the term patience as it applies to the Fed’s plans to change monetary policy in