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Long term bank rates, mortgage rates and CD rates were all bumped higher when the first week of September came to a close on the Friday the 6th. Strengthening economic news and the prospect that the Fed will begin to taper their bond buying stimulus program very soon was the catalyst for the rate spikes.
One of the first steps to choosing a money market mutual fund is selecting the category of money market fund. When identifying the type of fund to invest in the main category delineations are whether to invest in are taxable and tax exempt money market funds. Tax exempt money market funds can be further evaluated
An independent bureau of the Treasury Department and the oldest federal financial regulatory body. The OCC oversees the nations federally chartered banks and promotes a system of bank supervision and regulation that: promotes safety and soundness by requiring that national banks adhere to sound management principles and comply with the law; and encourages banks
Mortgage rates came off of their brief upside movement from the previous week and continued the trend of moving lower once again. While mortgage rates dropped on the week, CD interest rates held their ground with some spotty modest increases in the top ten CD rates for the midterm maturities. The best credit card rates
State Bank of Southern Utah is a community bank with branches located in southwestern Utah. Its corporate headquarters is located in Cedar City. It was established in 1957 and there are fifteen bank branches. State Bank of Southern Utah has been FDIC insured since February 2, 1959. State Bank of Southern Utah is chartered as
A bank that is chartered by a state and has elected to join the Federal Reserve System.
A statistical system used to determine whether or not to grant credit by assigning numerical scores to various characteristics related to creditworthiness.
Longer term CD rates should be higher than short term CD rates. Investors generally accept a lower yield to have a shorter maturity or on the other hand expect a higher yield on the longer-term, less liquid CD. This characterizes a fairly normal economic condition for most all interest bearing securities, since investors expect to
Federal law that, among other things, requires lenders to provide “good faith” estimates of settlement costs and make other disclosures regarding the mortgage loan. RESPA also limits the amount of funds held in escrow for real estate taxes and insurance.
T-Bills, T-Notes, and T-Bonds are three forms of bonds issued by the U.S. Treasury.
The Treasury issues these bonds in order to raise money for the operations of the government of the United States. Since the U.S. federal government is the issuer of these bonds, they are some of the safest investments you can find.
If your bank account has sizeable recurring fees in every monthly bank statement, it time to ascertain why those charges are being incurred and switch to a bank or bank account that better matches your needs. Some banks charge fees for the minimum balance levels, check copies, overdraft protection and others. Each of these bank
The frequency of interest payments, or the level of compounding interest, on any bank account is determined by the bank and the type of account you have. Truth in savings regulation makes it so the bank has to inform that account holder what the APY is on the account. The APY is the
New Frontier Bank is a community bank in Colorado with three bank branches and over $2 billion in assets. The bank branches are located in Greeley, Windsor and Longmont Colorado. The bank is locally owned and opened its doors for business in 1998. The bank provides services to small and medium-sized businesses and the retail
Finding the best mortgage loan in Oklahoma entails comparing the mortgage rates and terms offered from some of the top bank mortgage lenders in the state. One of those mortgage lenders that should make the list for mortgage rate shoppers is American Heritage Bank. American Heritage Bank is based in Sapulpa and is one of
The amount paid by a mutual fund to the investment adviser for its services.
Both Series EE savings bonds and I savings bond are safe, low-risk savings products issued by the U.S. Treasury. The biggest difference is the how the interest rate you receive on the bonds is derived. EE bonds earn a fixed rate of return while I bonds earn a combined fixed rate and added adjustment rate
Bank related Internet scams are on the rise. Most scam involve third parties attempting to fraudulently acquire information from Web users, such as credit card details, social security numbers, and account numbers. Protect your account numbers, PINs and online access. Do not respond to any bank inquiries that you are not 100% certain are from
Interest rate markets had a fairly active week. Interest rates swirled up and down as the markets continued to shrug off some of the issues in Europe and a slow U.S. economy. By the time the week came to a close, the greatest interest rate changes were in the Treasury market. Mortgage rates moved higher
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
The U.S. Department of Labor released December’s unemployment figures and the unemployment rate shot up to 7.2%. This is an increase from 6.8% from November. The number of job losses was 524,000. These figures were roughly matching the consensus estimate for this time.
The total number of unemployed rose to 11.1 million. The report stated that