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Huntington is marketing a linked CD account in the local newpapers and online. The CD account is for a 13 month term and earns an interest rate of 4.10%. In order to obtain that yield the CD account holder must have a qualifying Huntington deposit account. The monthly CD interest payments will be deposited directly
Interest rates moved out of synch for the first time in several weeks during the final week of September. CD interest rates were lower across the spectrum of maturities as the week came to a close. Bank savings account rates were down as were credit card rates. In the meantime, Treasury rates moved higher week
Arvest Bank in Arkansas is promoting its short term CD as super. It is the super seven month CD special. Catchy advertising text found in the Arkansas Democrat-Gazette promotes the 7-month special with 3.41% APY. This 7 month CD has no penalty for early withdrawal as long as the CD is held for 7 days
Online banking offers savers and investors some excellent benefits. Ease-of-use, 24 hour access, and even improved interest rates and offers are just some of those benefits. Comparison-shopping makes it possible to pick the very best account for your needs, whatever those needs might be. The first step to opening an account online
Mother Lode Bank is based in Sonora, California. The bank was established on July 30, 2004. Mother Lode Bank has been FDIC insured since July 30, 2004. Mother Lode Bank is chartered as a Federal Reserve Non-member. Therefore the primary regulator is the Federal Deposit Insurance Corporation (FDIC). At the close of 2008, the bank
I Bonds are a low-risk savings product sold by the U.S. Treasury as either a paper bond at a financial institution or as an electronic product in the TreasuryDirect section of savingsbonds.gov website. The bonds are similar to other Treasury bonds but these bonds are inflation linked savings bonds and the interest rate paid
A personal check drawn by an individual that is certified (guaranteed) to be good. The face of the check bears the words “certified” or “accepted,” and is signed by an official of the bank or thrift institution issuing the check. The signature signifies that the signature of the drawer is genuine, and sufficient
Trouble with the U.S. economy and the European debt crisis stay front and center in 2012 when it comes to the direction of interest rates. In the past week, we found out that December retail sales were disappointing with a rise of just .01 percent and Standard & Poor’s is getting ready to change the
The FDIC has just released its quarterly report on banking. This report is the third quarter summary of financial results for all FDIC-insured institutions. The income aspect of the report summarized the banking story of 2008. The quarterly review concluded that Commercial banks and savings institutions insured by the Federal Deposit Insurance Corporation (FDIC) reported
A non profit cooperative organized under the Federal Credit Union Act. This institution accepts deposits, provides loan and other financial services to its members.
Simplified Employee Pension Plan. Allows employers to set aside money in retirement accounts for themselves and their employees. Under a SEP, an employer contributes directly to traditional individual retirement accounts (SEP-IRAs) for all employees, including the employer.
Through much of its early history Louisiana was a trading and financial center, and its fertile land made it a prosperous region in America. The prosperity was mainly due to the river system of the region, especially the “big river”. The Red River and its tributaries were main arteries of transportation for the area along
The legal proceedings by which the affairs of a bankrupt person are turned over to a trustee or receiver for administration under the bankruptcy laws. There are two types of bankruptcy: Involuntary bankruptcy, one or more creditors of an insolvent debtor file a petition having the debtor declared bankrupt. Voluntary bankruptcy, the
EVB Bank is an independent, full-service community bank located in Tappahannock, VA. The bank provides a wide range of financial products and services for personal and business banking including competitive Virginia CD rates. The bank offers standard retail bank services and products such as checking accounts and savings accounts, money market accounts, CDs, IRAs, and
Yes, deposit insurance coverage can actually be increased if the accounts are held in different categories of ownership. These categories include single accounts, retirement accounts, joint accounts and revocable trust accounts. The accounts must be distinctly, different owned accounts.
A financial institution has a variety of people who can help you with different banking services. Understanding the jobs of these bank workers will allow you to know who you should talk to when you go to the bank. The customer service representative is often the first bank employee a customer comes in
In today’s topsy turvy market, CDs add stability to an investment portfolio. As interest rates continue to drop, this may be the time to lock in the higher rates that are still available with bank CDs. With the one year CD an investor obtains a great rate at a term that provides both security and
A charge assessed by a depository institution for processing transactions and maintaining accounts.
The stock market continued to rally last week, the dollar fell, inflation ticked up and somehow interest rates managed to move lower. There is a plethora of opinions from economist on why interest rates should be increasing not decreasing, yet the expected rise in interest rates remains as elusive as ever.
Although short term
Banco Popular offers one of the best five year CD rates available. The CD rate for their five year term is 5.00%. The CD requires a minimum $1000.00 balance to obtain this yield. In addition to this CD rate, the bank offers a 13 month CD with a rate of 4.35% and a 4 month
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