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A certificate of deposit or savings account that pays a rate of interest tied to index such as the S&P 500. Market index deposits generally have a guaranteed minimum return and a preestablished percentage of the gain the index measures. Also known as index deposit accounts or indexed CD.
Bank rates moved higher after the new Federal Reserve chair, Janet Yellen, held a press conference on March 19. On the face of it, the press conference held midweek did not cover any new ground with the notable exception regarding expectations on when interest rates may eventually get ratcheted higher by the Fed.
The Fed has
Mercantile Bank looks like they are ending the promotion for a 4.25% one year CD at the end of business today. The ad was run in the Nov. 2nd, 2008 Tampa Tribune. The minimum opening deposit for the account is $2,500.00. This is one of the top 10 CD rates in Florida. The contact number
An agreement in which advanced credit, plus any finance charges, are expected to be repaid in full over a definite time. Most real estate and automobile loans are closed-end agreements.
It was an interesting week for interest rate activity regarding consumer savings rates and lending rates. Bank CD rates showed some gain in yield, quite a surprise this week. Home loan borrowers continued to catch a break as mortgage rates moved lower. Savings account rates also drifted lower in fact, measurably lower. And credit card
Bank rates were little changed for the week ending February 11, 2011 with the exception of midterm mortgage rates. A quick round up of bank rates showed overall CD interest rates changing by less than one basis point for the week, long term mortgage rates increasing modestly, 15 year mortgage rates increasing more significantly
The Blanco National Bank was established in 1906. The bank is based in Blanco, Texas with additional bank branches in Fredericksburg, Spring Branch and Wimberley. Blanco National Bank is a community bank that has approximately $145 million in assets.
The Blanco National Bank offers personal and commercial banking services. The bank offers a full range of
A service provided by banks where securities and valuables are protected in the vaults of the bank for customers.
The Internet is a convenient destination for consumers, general surfers, and for investors. Online banking and online investing has become increasingly popular for both the investor and for the financial institutions. Lower overheads for the banks, in particular, mean that they can pass some of these cost savings onto their potential customers.
Bank rates were mostly unchanged with a slight bias to the downside as the second week of October and the second week of the government shut down gets underway. Digesting last week’s figures and results is a relatively easy analytical task, especially when the interest rates markets remained fairly tame as they did, but trying
Banks are places that take your money, keep it safe and let you use a debit card or checks to take care of day-to-day purchases. A depository for your day-to-day funds and short-term savings is the main features most consumers use the local bank for. And there is a good likelihood that your
Fair Housing Act (1968)
Prohibits discrimination in the extension of housing credit on the basis of race, color, religion, national origin, sex, handicap, or family status.
Truth in Lending Act (1968)
Requires uniform methods for computing the cost of credit and for disclosing credit terms. Gives borrowers the right to cancel, within three days, certain loans secured by
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
The time interval between the dates on which regular periodic statements are issued.
Average bank savings rates and CD rates were little changed in the most recent national bank rate survey however, one bank is offering stand out rates on short term accounts for customers with fairly sizeable deposits. Seacoast Commerce Bank based in San Diego, California is offering the highest yields on short term CDs and money
Bank rates and interest rates in general will rise when either the economy starts to grow significantly and creates loan demand or inflation begins to rise appreciably. Banks now have little competition for safe and secure interest bearing assets. Treasury rates are measurably lower than CD rates. The one year Treasury rates
Any financial institution that issues bank cards to those who apply for them.
Mortgage rates jumped higher on Friday after the release of the monthly jobs report by the U.S. Bureau of Labor Statistics. An unexpected drop in the unemployment rate and a larger than expected rise in the number of new jobs created gave another shot in the arm to the stock market and socked money away
Banks maker money covering bounced checks because they get to charge you a big fee to do so. This is a form of overdraft protection more specifically courtesy overdraft protection because you don’t choose to use it, the bank simply adds the feature to your account. Check with your bank to see if
Credit unions have to restrict membership in order to receive the preferential tax treatment of a non-profit entity. Interpretation of the laws governing the tax status has swung from being fairly restrictive in the descriptions of what constitutes a member to becoming all encompassing resulting in nearly everyone being eligible for membership through some