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Union Bank of California is running advertisements promoting their one year CD and money market account. The one year CD has an interest rate of 3.15% APY and the money market account earns an interest rate of 2.52% APY. The consumer bank CD requires a linked checking account to qualify for promotional rate. If linked
In the most recent survey of bank CD rates conducted by Selectcdrates.com, CD rates slumped slightly compounding last week’s similar dip. The average yield on the Selectcdrates.com CD rate index moved down to 1.081 percent from an average rate of 1.087 percent found in the previous rate survey. The Selectcdrates.com index covers the top ten
The highest CD rates available nationally slipped by a fraction during the first week of December, 2014. Based on the most recent survey of bank CD rates conducted by SelectCDrates.com, the average rate for the top ten best bank CDs dropped by 3/1000ths of a percent.
The average CD rate, covering all maturities in the SelectCDrates.com
Bank of Smithtown is a 98 year old community bank headquartered in Hauppauge, New York. The bank has 15 bank branches located along the north shore of Long Island. It is a full service commercial bank focused upon serving small business customers and consumers. The bank also offers insurance, trust and investment services. The bank
CD rate cuts on the nation’s best CD rates seem to be coming to an end and perhaps the bottom of the market has finally been reached. In the most recent survey of bank CD rates performed by Selectcdrtaes.com on April 27, CD interest rates displayed a slight uptick in the average rate for all
The legal name for a mutual fund, indicating that it stands ready to redeem, buy back, its shares from investors on any business day.
The best CD rates available nationally drifted moderately lower over the past week. Although rate changes were seen on three out of the five maturities measured in the weekly CD rate survey, the magnitude of the rate movements was quite contained. The average CD rate measured by the Selectcdrates.com CD rate index for the week
Kopernik Federal Bank, established in 1924, is a community bank providing personal service to the citizens of Maryland. The bank offers competitive loan rates and savings rates from its one location in Baltimore. Kopernik Federal offers an array of loan and savings plans to match an assortment of consumer needs.
The bank’s federally insured certificate of
The economic numbers just keep pounding the economy. It is at the point where we are at a vicious cycle of bad data feeding valuation programs that will lead to judgments that ultimately generate more bad data. As more businesses scale back while the consumer is already been forced to scale back the cycle of
A line of credit that may be used repeatedly up to a certain limit. Also referred to as a charge account or revolving credit.
A detailed report of an individual’s credit history prepared by a credit bureau and used by a lender in determining a loan applicant’s creditworthiness.
Bank CD rates, savings account rates and mortgage rates were all lower on the week. Rate reductions were relatively modest for the week ending October 29, 2010 with some of the best CD interest rates remaining unchanged week over week. Credit card rates on new bank credit card offers continued to gyrate without
A deposit that earns interest such as a savings account, money market deposit account or a certificate of deposit.
The U.S. economy is picking up steam and a healthier economy is leading to more home sales and higher interest rates. Just look at the latest jobs data to see how the economy is improving. With more spending power in the hands of more families, and the inventory for housing showing little change, home prices
Money market funds or money market mutual fund is a mutual fund not insured by the FDIC. Money market mutual funds are regulated by the Securities and Exchange Commission’s under the Investment Company Act of 1940. Money market mutual funds are category of mutual funds that invest in the money market or
East West Bank is a full-service commercial bank that serves consumers and businesses throughout California. East West Bank was chartered by the Federal Home Loan Bank Board in 1972 as the first federally chartered savings institution focused primarily on the Chinese-American community. The bank opened its first office in the Chinatown district of Los Angeles
A Certificate of Deposit, more commonly referred to simply as a CD, is a stable and virtually risk free method of investing or saving money over a set period of time. The CD market offers investors a simple method of generating a profit and because the principle sum you invest is almost always FDIC
Yes. Banks are allowed to charge fees for returned checks and overdrawn balances. The assessment of account fees is governed by the terms of your deposit account agreement, which you should have received when you opened the account.
An organization authorized by statute for ensuring the safe and sound operation of financial institutions chartered to conduct business under that agency’s jurisdiction.
The primary regulators are the following:
OCC (Office of the Comptroller of the Currency)
FDIC (Federal Deposit Insurance Corporation)
FRB (Federal Reserve Bank]
OTS (Office of Thrift Supervision)
NCUA (National Credit Union Administration)
State regulatory agencies
Holding a certain amount of assets in bank accounts is very important. Bank accounts not only provide valuable services and competitive interest rates but the investments in standard bank accounts such as money market accounts, savings account and bank CDs are guaranteed by FDIC insurance or the backing of the financial security of the US