Rates Current as of Tuesday September 07, 2010

Bank of the Ozarks Branch Locations

Posted in December 23rd, 2009

by admin in Bank of the Ozarks Locations

Bank of the Ozarks conducts banking operations through 65 bank branch locations offices in Arkansas and Texas as well as a loan production office in Charlotte, North Carolina.
Bank of the Ozarks branch locations in Arkansas and Texas. Bank directory lists Bank of the Ozarks offices in Arkansas and Texas alphabetically by city andstate. Find bank [...]

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CD Rate Updates

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National certificate of deposit rates once again moved lower for the week ending July 16, 2010. According to the most recent survey of bank CD rates performed by Selectcdrates.com, CD interest rates were lower for three of the five CD maturities measured and remained unchanged for the remaining two terms.
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Banking & CD FAQs

My son has a small savings account that was opened a few years ago. When I recently checked the balance it was close to zero. It appears the bank has been assessing fees on the balance bringing it to almost nothing. Can they do that on his account?

There is no Federal regulation that would stop a bank from continual assessing account fees as long as these fees were disclosed in advance to your son. The bank should have disclosed its fees to your son either at the time of account opening or at a later date if the fees were initiated

Why do longer term CDs pay a higher rate than the short-term CDs?

As a rule, in financial markets, the longer money is being used or provided by a borrower or a lender, respectively, it is going to carry a higher rate of interest. We generally think of banks as lenders, but, obviously, for a bank to lend money it must obtain funds to perform this function.

How long must a bank keep cancelled checks or check records or copies of checks?

Generally, if a national bank does not return cancelled checks to its customers, the bank must either retain the cancelled checks—or maintain the capacity to provide legible copies of the checks—for seven years. The bank must provide you with a copy of any cancelled check within a reasonable period of time from your request.

Can the bank charge for transferring my IRA to another institution?

Yes. The bank makes these decisions; in some instances, State law prescribes them. Federal law does not establish the services for which fees may be imposed. Neither does Federal law establish the maximum amount of fees that national banks can charge for an IRA transfer. National banks are required to disclose

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