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MidWestOne Bank provides retail and commercial banking, and related financial services in Iowa. The company’s deposit products include demand, savings, time deposits, and certificates of deposit. It also offers real estate, commercial, agricultural, and consumer loans, as well as trust services. The bank offers its services to individuals, small to medium sized business, farmers, government
The Nov. 9, 2008 Boston Globe Sunday edition contains an ad for First Republic Bank’s 5 month CD special. The 5 month CD has an interest rate of 3.85%. The minimum balance for this account is $5,000.00. This CD rate places the bank’s offer in the top 10 CD rates for Massachusetts. A quick search
The investment principle that an investment must offer higher potential returns as compensation for the likelihood of increased volatility.
Sterling Bank continues to be on the top 10 list of banks with the best 6 month CD rates in California. The San Francisco Chronicle has an ad for Sterling Bank promoting their 6 month CD product in the Nov. 9th, 2008 edition. The bank offers the 6 month CD with an interest rate of
An agency that collects individual credit information and sells it for a fee to creditors so they can make a decision on granting loans. Typical clients include banks, mortgage lenders, credit card companies, and other financing companies. Frequently referred to as consumer-reporting agency or credit-reporting agency.
Zions Bancorporation is headquartered at One South Main Street Salt Lake City, Utah 84133. Zions Bancorporation is a publicly traded company. The company’s common shares are traded on the NASDAQ Stock Market under the symbol ZION. As of September 30, 2008, Zions Bancorporation had assets of $54.3 billion.
Zions Bancorporation originated as Keystone Insurance and Investment
MICR. A special type of ink which enables special characters printed in magnetic ink to be read and input rapidly to a computer.
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
When the amount of money withdrawn from a bank account is greater than the amount actually available in the account, the excess is known as an overdraft, and the account is said to be overdrawn.
Do not be afraid to ask for a break from excessive bank fees. If you have bounced a check for the first time ever, need a copy of an old monthly checking account statement, or even think the fees for your mortgage application are a bit high? Depending on the circumstances, your bank might be
Banks often compete to be a one-stop shop to service all of their customers financial needs and retain as many of their customers investments as possible. This convenience can lull a customer into thinking that since one of the bank products is competitively priced, high interest rates and/or low bank fees, that all of the
A transaction card that may either a credit card or debit card giving the banks customers the ability to pay for goods and services or receive cash back at authorized businesses and ATMs. As a credit card, the bank card can work as a line of credit or as a debit card, accessing the
TCF Bank is advertising their free checking account with an offer that includes $50.00 in free groceries. Stop into a TCF Bank branch and open the fee checking account with a minimum $25.00 deposit and TCF gives the account holder a free $50.00 Jewel-Osco Gift Card. The gift certificate is awarded at the time of
The FDIC protects depositors’ funds in the unlikely event of the financial failure of their bank or savings institution. FDIC deposit insurance covers the balance of each depositor’s account, dollar-for-dollar, up to the insurance limit, including principal and any accrued interest through the date of the insured bank’s closing.
Mortgage rates climbed measurably higher this past while CD rates were held in place. Credit card rates were down but, it was by the slimmest of margins and money market rates . The impetus for the rate increases appears to be the actual or perceived strength of the US economy.
The bond market and interest rate
Steve Leesman from CNBC has the quote of the day when he refers to the jobs report as, “a sea of lesser negatives”.
First, the close of Thursday saw the bond market drop slightly with rising yields mostly due to the first increase in four days for the stock market. The six month Treasury rate ticked
Commercial paper is a money market security issued by large banks and corporations. It is generally not used to finance long term investments but more accurately to purchase inventory or for working capital. Commercial paper may be compared as an alternative to a line of credit offered by a bank for a commercial business. Often
Accounts called Christmas clubs offered by some banks have been around since the great depression. These accounts are simply savings accounts that established so a customer can make regular deposits over the year and withdraw the money at the en of the year for Christmas. These accounts pay very little interest and restrict
Continental National Bank was established in 1974 as Miami’s first Cuban-American owned national bank. This South Florida bank was formed by a group of exiled Cubans with the intention of serving the Florida consumer and business banking market and the Cuban community. Continental National Bank of Miami has grown from its original location to six
This is the signing of a check by the holder so that it may be transferred to another party. Some endorsements are restrictive such as “For Deposit Only” or special such as “Pay to the Order of,” where the transferee is named.