Similiar Content You Might Enjoy
Far East National Bank is a California based bank. The bank was founded in 1974 as the first federally chartered Asian American bank in the United States. Far East National Bank became a wholly-owned subsidiary of Taiwan’s Bank SinoPac since 1997. SinoPac Holdings has total assets of $34 billion, serving customers throughout Asia and North
Bank lending rates and bank savings rates moved marginally lower this past week. The range that interest rates moved was once again very tight. While the trading range for bank rates was quite narrow, the direction of rates was decidedly lower. All interest rate categories measured in the Selectcdrates.com weekly bank rate survey turned down
A card that resembles a credit card but which debits a transaction account, checking account, with the transfers occurring contemporaneously with the customers purchases. A debit card may be machine readable, allowing for the activation of an automated teller machine or other automated payments equipment.
Not all bank interest rates are created equal. In turbulent economic times the difference between the rates being offered on similar products between banks can be very significant. CD rates, savings account rates and money market rates will vary measurably between banks and financial institutions. As bank profits gyrate and competition intensifies, the rates promoted
Clearing checks has become much faster process as technology has improved. Many banks now use digital images of checks instead of the actual checks in order to transfer money more quickly. Many banks now use digital images of checks instead of the actual checks in order to transfer money more quickly. Since checks clear faster,
Most bank rates were steady to slightly lower for the week ending August 10, 2012. Mortgage rates dropped modestly from the prior week’s level for most of the popular home loan choices. CD rates were also predominantly lower with minor exceptions among the key maturities. Money market rate remained stable. The outliers for the week
Banks, which accept deposits primarily from individuals and place a large portion of their funds into mortgage loans. These institutions are prominent in many of the northeastern states. Savings banks generally have broader asset and liability powers than savings and loan associations but narrower powers than commercial banks. Savings banks are authorized
If you use a bank checking account or money market account that pays interest but charges a fee for a maintaining a minimum balance make sure you understand how the bank calculates the minimum balance in each monthly cycle. Banks calculate the minimum balance with varying methods inclduing an average of the balance of funds
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
Very short maturity bills that the Treasury sells on an irregular basis to bridge low points in the Treasury’s cash balance.
In most normal interest rate markets, longer term CDs should pay a better interest rate than shorter term bank CDs. However in some markets the rate spread between bank CDs with long term maturities and short term maturities can be inconsequential or even reversed. The most common cause for finding some short term CD rates
Tri Counties Bank based in Chico, California considers making loans the cornerstone of their banking business. The bank offers mortgage loans and mortgage rates in California that competes with both the big and small mortgage competitors. The bank has had a strong history of responsible mortgage lending in California to back up its claim; Tri
A trust created through specific instructions in a person’s Will.
One of the top three largest banks based in Oregon is West Coast Bank which is headquartered in Lake Oswego, OR. As one of the largest banks in the Beaver State, West Coast Bank is also one of the largest mortgage lenders. West Coast Bank offers competitive mortgage rates and a number of flexible loan
An agreement from a bonding or insurance company to guarantee a person’s performance.
An employer-sponsored retirement plan that enables employees of state and local
governments and other tax-exempt employers to make tax-deferred contributions from their salaries to the plan.
A trust, which may be cancelled or changed by the grantor. Only after death of the grantor does ownership of assets transfer to named beneficiaries.
CD rates remained relatively stable in the most recent survey of the top national CD rates. The average CD rate, as measured by the rates on the best three month, six month, one year, two year and five year CD rates, was unchanged from the previous week. The Selectcdrates.com weekly CD rate survey showed the
The funds can invest only in the highest-quality securities, so they can’t buy subprime debt. Some funds have bought commercial paper [short-term debt] from structured investment vehicles [SIVs] that hold subprime mortgages. What is making people jittery is that another batch of SIVs is on watch for a credit downgrade. So, while