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National certificate of deposit rates once again moved lower for the week ending July 16, 2010. According to the most recent survey of bank CD rates performed by Selectcdrates.com, CD interest rates were lower for three of the five CD maturities measured and remained unchanged for the remaining two terms.
The average of the top
Bank rates such as CD rates and savings rates often move very slowly to the upside when the general level of interest rates start rising. On the opposite side of the banks interest rate management, it is not unusual for your credit card interest rate to jump to 25 or 30 percent when rates rise
On Thursday the Federal Reserve announced they were engaging in another round of monetary stimulus. This round would entail and open ended commitment to buy mortgage bonds each month until the Fed sees fit that the economy is finally turning the comer. The reaction in the markets was strikingly powerful. Mortgage rates fell, long term
The concept describing the price at which mutual fund shareholders buy or redeem fund shares. Shareholders buying or redeeming shares after 4 pm must receive the next computed share price following the fund’s receipt of a shareholder transaction order.
First Green Bank is a new bank in Central Florida that provides traditional banking services to businesses and consumers as well as offering specialized services for environmentally friendly businesses and building projects. First Green Bank was established on February 17, 2009. First Green Bank has been FDIC insured since February 17, 2009. First Green Bank
As the market continues a path like a hurricane, cash will remain king. When the market tanks it’s important to have a well diversified portfolio but one that is heavily weighted to principal preservation and liquidity. Bank accounts and bank CDs fit the bill perfectly by preserving capital, earning a predetermined guaranteed rate of interest
Maximizing a savings plan by increasing returns and reducing costs with your bank is a prudent start to a building financial security. Maximize the returns by searching for the best savings rates, money market rates and CD rates available. Reduce costs by monitoring bank fees and reducing or eliminating fees by switching bank accounts for
The long term erosion in CD rates that has occurred through most of 2010 has received a pause this week based on the date form the most recent survey of bank CD interest rates performed by Selectcdrates.com.
A pause in CD interest rate returns is welcome relief for bank CD investors but is even more
The rule of 72 is a simplified way to determine how long an investment will take to double, given a fixed annual rate of interest. By dividing 72 by the annual rate of return investors can get a rough estimate of how many years it will take for the initial investment to duplicate itself.
Many people hear the term FDIC during an economics class or perhaps when reading brochures at their local bank, but do they really know what the organization does? In fact, is the average person even aware of what the acronym stands for? Well, in response to both questions, the FDIC, (which stands for
Turbotville National Bank is a community bank located in Turbotville, Pennsylvania. The bank has been FDIC insured since January 1, 1934. The bank is chartered as a National Bank and has one location in Pennsylvania. As of September 2008, the bank had total assets of $96,815,000. Through that time period, the bank had net operating
Town and Country Bank has three bank branches in Las Vegas, Nevada and offers some very competitive interest rates in the gambling center of the United States. Town and Country Bank has a complete package of financial services to meet Nevada customers needs.
Products offered by the bank to help consumers save and invest include an
Business cycles are the “ups and downs” in economic activity, defined in terms of periods of expansion or recession. During expansions, the economy, measured by indicators like jobs, production, and sales, is growing–in real terms, after excluding the effects of inflation. Recessions are periods when the economy is shrinking or contracting.
Long term interest rates pulled back slightly after the close of the second full week in November. The retreat in interest rates was relatively mild compared to the fairly large spike seen in the previous week after the better than expected monthly jobs report pushed interest rates markedly higher.
For the week ending November 15, new
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
A self-regulatory organization with jurisdiction over certain broker-dealers. The NASD requires member brokers to register, and conducts examinations for compliance with net capital requirements and other regulations. It also conducts market surveillance of the over-the-counter (OTC) securities market. National Association of Securities Dealers Automated Quotations (NASDAQ) is a subsidiary of the NASD which
Metro Phoenix Bank is scoring a triple play in CD rates for Arizona customers. Metro Phoenix Bank has the highest CD rates for one year term CDs, two year term CDs, five year term CDs. Per the bank website, the one year CD rate is at 4.06% APY. The two year CD has an interest
Since the failure of IndyMac Bank on July 11, 2008 the FDIC has been operating the financial institution. The FDIC has now entered into a letter of intent to sell what is referred to as New IndyMac to IMB HoldCo LLC. IMB HoldCo LLC is a recently formed thrift holding company controlled by IMB Management
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
If you have a variable interest rate on a credit card or even a loan, and want to know which way the rate is moving, check the Wall Street Journal Prime Rate through an online search on the rate tables at this site. Most variable rate credit cards and lines of credit are tied to movements up