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An internet bank is still a bank. It may be the internet site of existing bank with physical offices or it may be internet based only. In both cases, banks are governed by the Federal Deposit Insurance Corporation. National Banks are regulated by the Office of the Comptroller of the Currency
Harford Bank was established as a national bank as of 1964. Harford Bank was originally named Aberdeen National Bank. The bank is a Maryland chartered bank with its principal office in Aberdeen, Harford County, Maryland. Harford Bank now has seven bank branches in Harford County, Maryland and neighboring counties. The bank draws most of its
The proper way to make the check that is currently payable to you, payable to someone else, is to apply what is called a restrictive endorsement. You should sign the back of the check and write, “Pay to the order of … ” filling the persons name you wish to have the check paid
Barnes Banking Co was founded in Davis County, Utah in 1891. The bank is one of Utah’s largest community banks with assets just shy of one billion dollars, actual 2008 year end assets were $970,277,000. The bank has ten bank branches, in Kaysville, Layton, Bountiful, Syracuse, Roy, South Ogden, Salt Lake City, Fort Union, St.
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.
To write a check for an amount that exceeds the amount on deposit in the account.
The basic insurance amount is $100,000 per depositor, per insured bank. This includes principal and accrued interest up to a total of $100,000. The $100,000 amount applies to all depositors of an insured bank except for owners of certain retirement accounts, which are insured up to $250,000 per owner, per insured bank.
Deposits in separate
Before choosing any investment, including bank CDs, it is important to understand how the investment works and what the expected rate of return will be. The primary benefit of investing in any security type is the return on investment or income that will be received from that investment over time.
Certificates of deposit, also known as
An institution that uses its funds chiefly to purchase financial assets, loans, securities, as opposed to tangible property. Financial institutions can be classified according to the nature of the principal claims they issue.
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
Interest rates adjusted for the expected erosion of purchasing power resulting from inflation. Technically defined as nominal interest rates minus the expected rate of inflation.
A national bank is a private business. Generally, it sets its own interest rates on savings accounts. If you feel that your bank does not pay an adequate interest rate, shop around—and purchase your financial services accordingly.
Bank Independent offers a variety of savings options in Alabama including competitive bank certificate of deposit rates. Bank Independent is an Alabama based community bank. The bank has been servicing businesses and consumers in North Alabama since 1947.
Bank Independent offers several ways to manage your money through a variety of checking accounts, savings accounts, money
The U.S. Census Bureau, a division of the Commerce Department, announced today that advance numbers for U.S. retail and food services sales for November were $355.7 billion, a decrease of 1.8 percent from October, the previous month. The total sales figure was a decrease of 7.4 percent below November 2007 numbers. These figures are adjusted
New Resource Bank is a commercial bank based in San Francisco, California. New Resource Bank is an FDIC insured bank which offers broad banking services to personal, business and non-profit clients. The bank was established in 2006 to provide personalized services generally associated with community banking along with the convenience and security of a large
CD rates moved higher for the first week of January moving in concert with most bank rates and bond rates. It is certainly no time to pop the champagne for CD investors as the rate increase for bank CDs was quite mild. On the other side of the bank’s balance sheet, loan rates in the form
An investor who owns shares of a mutual fund or other company.
A term that means, by day. Generally used to describe the daily charge of interest on a credit or debit account. Per diem can be used to describe more that just the daily interest.
A Certificate of Deposit or CD is normally a fixed-rate, fixed-term investment that is insured for up to $100, 000 by the FDIC, a department in the Federal government.
Because the investment in a CD is for a longer period of time than a savings account of checking account, it pays a rate that is higher
The Chicago Tribune on Sunday Nov. 9th, 2008 has an ad placed by Ridgestone Bank for one of the best short term CD rates in Illinois. The ad promotes a 4.00% interest rate on a 4 month term certificate of deposit. Ridgestone Bank has two locations, one in Brookfield, Wisconsin and the second location in