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Avidia Bank is a relatively new Massachusetts bank formed by the merger of two banks. Avidia Bank was formed in 2007 by the merger between Hudson Savings Bank and Westborough Bank. Avidia has approximately $1 billion in assets and nine bank branches located in seven towns in central Massachusetts: Hudson, Westborough, Clinton, Leominster, Marlborough, Northborough
Kentucky based bank, Kentucky Neighborhood Bank or KNB, offers a broad range of financial products and services in the Bluegrass State. The bank offers checking and savings accounts home mortgages, traditional consumer and business accounts and bank CDs with CD rates that are exceed the national average rates by a good margin.
Kentucky Neighborhood Bank offers
Your deposit account agreement states that it’s your responsibility to review your periodic statement and advise the bank of any errors. Generally, you have 30 days from the statement date to find the error and notify the bank.
If the loss occurred from a fraudulent endorsement with a check, State statutes typically allow up
Political uncertainty pushed and pulled bank rates while the Christmas holiday approached. As the week before Christmas came to a close, interest rates came well off of their high points that had been reached early in the week and started to march modestly lower. Friday’s news of a clear problem with any resolution to the
The return on a loan or investment, stated as a percentage of price. Used as a measure return for money market mutual funds by evaluating the net income (dividends and interest) earned by the securities in the fund’s portfolio less fund expenses during a specified period. A fund’s yield is expressed as a
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,
Federal laws do not establish maximum amounts for fees that national banks can charge on your account. These decisions are made by the bank—and in some instances, are prescribed by State law. National banks are required to disclose any fees when the deposit account is established. Review your account agreement with the bank as
A certificate of deposit is an IOU in that there is a promise to pay back the interest and principal at maturity to the holder of the certificate of deposit. But, a certificate of deposit is not a marketable instrument. In another word, if the holder of the certificate of deposit needs the
CD interest rates, mortgage rates, savings account rates and credit card rates were all down for the week ending December 9, 2011. The rate reduction among the various bank savings rates and lending rates was relatively weak, but the downward trend was experienced across the board for all bank products surveyed.
With this recent slip in
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.
Another fee charged by many money market funds advisors is the so-called 12b-1 fee named after an SEC rule that reimburses the fund’s sponsor for the advertising and marketing costs associated with distributing shares. Other money market funds operating expenses cover the custody of securities and transactions and communications with shareholders. In addition to operating
CD rates were off just slightly for the week ending February 17, 2012. Based on current CD interest rate survey performed by Selectcdrates.com, the average CD rate among the best CD rates available nationally was lower by only 2/1000ths of a percent. The average CD rate in the survey is established with the Selectcdrates.com CD
New Century Bank is a local Chester County bank offering some of the best CD rates in Pennsylvania. The bank was established in 1997 and has evolved within the heart of Phoenixville.
As of Janurary 7, 2009 New Century Bank is offering the following competitive CD rates: A 3 month certificate of deposit earning an interest
The company, municipality, or government agency that issues a security, such as a stock, bond, or money market instruments.
Voluntary surrender of property, or a right to property, without attempting to reclaim it.
Electronic check conversion is a process in which your check is used as a source of information–for the check number, your account number, and the number that identifies your financial institution. The information is then used to make a one-time electronic payment from your account, an electronic fund transfer. The check itself is
Bank rates were mostly stable for the second week of June with the exception of bank mortgage rates which made their first downward push in the month of June. The move lower on mortgage rates was fairly muted on the popular 30 year fixed mortgage rate products but picked up some momentum on the shorter
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
No, the FDIC does not insure safe deposit boxes or their contents. In the event of a bank failure, in most cases an acquiring bank takes over the failed bank’s offices,
including the locations with safe the deposit boxes. If an insured bank does not acquire the bank and the deposit boxes the safe
Capital One Bank has the highest interest rates on two year and five year CDs in New York. Capital One Bank has an ad running in the New York Post marketing the rates on their 14 month, two year and five year CDs. This is the same ad featuring these term CDs found in other