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A regular dividend that is considered to be earned but not yet paid
Some long-term, high yield certificates of deposit have call features, meaning that the issuing bank may choose to terminate or call the CD after a predetermined period of time. The original investment with accrued interest will be return to the investor. Only the issuing bank may call a CD, not the account holder. A bank might decide
The State Bank of Bement is a community bank with one bank location based in Bement, Illinois. The bank was established on January 17, 1914. State Bank of Bement has been FDIC insured since January 1, 1934. State Bank of Bement is chartered as a Federal Reserve Non-member. Therefore the primary regulator is the Federal
The maximum amount of credit that is available on a credit card or other line of credit account.
For investors who are retired or preparing for retirement, and searching for a way to keep their money safe while at the same time producing income, bank CDs are a great choice. It is also a wise investment for those consumers planning future college expenses or savings for short term funding needs. In Arizona, consumers
First Bank is one Florida bank that is offering exceptionally high interest rate CDs similar to the exceptional play of the home state college football team. First Bank is a locally owned community bank that has been serving Southwest Florida since 1922. First Bank has three convenient bank branch locations in Hendry County, one in
The Fed minutes for the meeting of the Federal Open Market Committee of the Federal Reserve System on December 15, 2008 and continued on to December 16, 2008 could be summed up as the Fed being concerned. There was almost no part of the Feds review of the current state of affairs that was not
A term referring to a person, other than the principle borrower, who signs for a loan. The cosigner(s) assumes equal liability for the loan.
See short-term interest rates.
Alliance Bank Central Texas was established on March 16, 1939. The bank has been FDIC insured since that time. Alliance Bank Central Texasis chartered as a Federal Reserve Non-member. The primary regulator is the Federal Deposit Insurance Corporation (FDIC). The bank has three bank branches, in Waco, Jewett and Donie Texas.
As of September 2008 Alliance Bank
For consumers and investors looking for a safe investment vehicle in Pennsylvania, certificates of deposit at Continental Bank may be a viable option. Continental Bank is a full service, locally owned community bank in Pennsylvania. The bank has nine bank branches in Pennsylvania including one in Philadelphia and the headquarters in Plymouth Meeting. Continental Bank
Federal law stipulates that all time certificates of deposit (CDs) that are cashed out early are subject to a minimum penalty. If you withdraw an amount within the first six days after deposit, the penalty consists of at least seven days’ simple interest. Other than that minimum requirement, national banks can set their
Total return measures what an investor earns on an investment during a certain time period in the past. It includes interest, dividends and capital gain. Yield is measures the current income an investment is paying relative to the cost of the investment. A $100.00 CD or bond that pays interest of $10.00 every
The agency of the federal government that supervises all federal savings and loan associations and federally insured state-chartered savings and loan associations. The FHLBB also operates the Federal Savings and Loan Insurance Corporation, which insures accounts at federal savings and loan associations and those state-chartered associations that apply and are accepted. In addition, the
An institution where mutual claims are settled between accounts of member depository institutions. Clearinghouses among banks have traditionally been organized for check-clearing purposes, but more recently have cleared other types of settlements, including electronic fund transfers.
As bank rates move higher going into the New Year, it is a good time for savers and investors to reevaluate their savings allocations and take a look at the best bank CD rates for 2014.
During the last quarter of 2013, the clear leader in the short term CD rate category is Bank5 Connect. Bank5
CD rates in Massachusetts with the top ten largest Massachusetts based banks. The top ten largest Massachusetts based banks ranked by total assets include:
State Street Bank and Trust Company headquartered in Boston
Eastern Bank headquartered in Boston
Rockland Trust Company headquartered in Rockland
Middlesex Savings Bank headquartered in Natick
Boston Private Bank & Trust Company headquartered in Boston
A time deposit is a money deposit at a bank that cannot be withdrawn for a certain designated term or period of time. When the term is over it can be withdrawn, or it can be held for another term. The longer the term, the better the yield on the money. Generally, there
Commerce Bank of Arizona is running a promotion for their PremiumPlus Checking Account. The PremiumPlus Checking Account offers a minimum annual interest rate of 2.25% APY through June 30, 2009. With this checking account, the accountholder will receive free internet banking, online bill pay, no monthly service charges and reimbursable ATM fees. The checking account
Central Bank in Florida is promoting their mid and long term certificates of deposit with new higher rates of return. The Tampa, Florida based bank offers an above average rate on their three year, four year and five year term CDs. The three year CD has a rate of 1.55 percent, the four year term