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Silver Lake Bank was opened in 1909 in Topeka, Kansas. The bank also has three other bank branches in Kansas serving the local communities. Silver Lake Bank serves these communities with a variety of individuals and businesses bank products and services. Competitive rates of interest are offered on number of savings products and the deposits
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
The highest CD interest rates available nationally were lower this past week; however the drop in interest rates for the top best bank rates was quite mild. The Selectcdrates.com index measuring the average rate for the top ten highest 3 month CD rates through five year CD rates was down by just .004 percent this
Find the best mortgage rates and mortgage loans in Oklahoma by reviewing the top bank mortgage lenders operating in the state. With the enclosed list of the largest Oklahoma mortgage lenders, consumers can quickly find the lowest Oklahoma mortgage rates for a new home purchase or competitive refinance loan terms. The Oklahoma mortgage lenders offer
OneWest Bank, FSB offers personal and commercial banking services through a network of bank branches in California. The bank was formed in March of 2009 at that time it acquired the assets of Indymac Federal Bank as part of a government assisted transaction. OneWest Bank is headquartered in Pasadena, California. OneWest Bank, FSB is chartered
Interest rates retreated on most bank products and fixed income securities as the second week of July came to a close. Fixed rate mortgage made the largest move to the downside, surpassing the downward yields of long term government bonds. One exception to the declining rates was a slight improvement in the yields paid out
American State Bank was established on September 1, 1913. The bank has been FDIC insured since 1934. American State Bank is chartered as a Federal Reserve Non-member; the primary regulator is the Federal Deposit Insurance Corporation (FDIC). The bank has assets of approximately $440,000,000. Through the first nine months of 2008, the bank had net
Changes in bank rates on both lending and savings side were very limited in the shortened week that ended November 11, 2011. Treasury rates also showed very little activity for the week with most maturities have current yields that stayed within two basis points or 2/100’s of a percent from the prior week’s closing yield.
Most people are aware of credit reporting bureaus, which are agencies that determine a person’s credit worthiness through a numerical score between 300 and 800, (with 300 being the worst and 800 being the best). However, few are knowledgeable of ChexSystems, an organization that has the same concept as credit reporting bureaus. They
This time of year it’s nice to bring in promotions by banks in market areas not normally covered. One such bank is Commerce Bank of Wyoming. Commerce bank of Wyoming has a promotion for a 27 month certificate of deposit that has an interest rate of 4.00%. This particular CD is a step up CD.
Charging an illegally high interest rate on a loan.
Check 21 is a new Federal law that changes the way banks process paper checks, substantially speeding a check’s clearance through the system. Check 21 is designed to enable banks to handle more checks electronically, which should make check processing faster and more efficient. Today, banks often must physically move original paper checks
Certificates of deposit are one of the safest investment products for short term savings. Bank CDs should be a staple in any well diversified portfolio. To get the most from a bank CD, you should know where the best CD rates are, what the CD features are, and what the present interest rate market and
Short and midterm certificate of deposit rates were in a state of suspended animation for the week ending September 4, 2009. All maturities of bank CD rates held steady with the exception of the long term bank CDs. The average of the best six month CD rates, one year CD rates and two year CD rates available
The possibility that a bond’s or bond mutual fund’s value will decrease due to rising interest rates.
Interest rates on bank CDs made another move towards the downside for the week ending March 8, 2013. Long-term certificates of deposit absorbed most of the downward momentum again this week with midterm CD rates showing little change and short term rates making a very modest move to the upside.
The average CD yield in the
Always keep a watchful eye on the movement of interest rates and inflation. Inflation can erode the value of your savings, especially low yielding short term savings, by devaluing the value of your dollars. Over time, inflation can decreases the purchasing power of investments rather substantially. Find the best CD rates and
First Federal Bank is a full service bank specializing in home lending. First Federal Bank has been serving the Central Kentucky area since 1935. First Federal Bank has been FDIC insured since December 26, 1935. First Federal Bank is chartered as a Savings Association. Therefore the primary regulator is the Office of Thrift Supervision (OTS).
For deposits in excess of $5,000, banking laws and regulations allow for exceptions to the availability of funds. Exception holds include deposits over $5,000 which may be applied to any deposit of checks (including official checks) to any and all account(s) where the aggregate amount of the checks deposited on a banking day exceeds
Bank rates moves noticeably higher during the first week of March with rate increases found in mortgages, credit cards, and certificates of deposit. A stronger than expected jobs report for the month of February was the chief catalyst for the rise in rates though there were other factors involved in the push to the upside.