Rates Current as of Thursday September 02, 2010

The Best CD Rates in Texas for June 5, 2009

Posted in June 9th, 2009

by admin in Texas CD Rate Updates

CD rates in Texas were little changed for the week of June 5, 2009. The average for the best six month CD rates was unchanged at 2.32%. The average for the best one year CD rates rose by one basis point or 1/100 of a percent to 2.52%. The average for the two year CD [...]

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CD Rates in Texas for the week ending May 29, 2009

Posted in June 1st, 2009

by admin in Texas CD Rate Updates

Texas certificate of deposit rates barely budged for the week ending May 29, 2009. The best six month CD rate continues to be produced by Wilshire Sate Bank with a rate at 2.52%. The average of the best six month CD rates in Texas managed to inch out a gain and crept up slightly to [...]

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The Best CD Rates in Texas for the week of May 22, 2009

Posted in May 27th, 2009

by admin in Texas CD Rate Updates

The best CD rates in Texas were a mixed bag for the week with the six month CD rates and one year CD rates producing better yields while the two year CD rates remained unchanged and the best five year CD rates dropping marginally. While longer term CD rates on the national lists have been [...]

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CD Rate Updates

CD Interest Rates Continue to Fall July 19, 2010

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.
The average of the top [...]

Bank CD Interest Rates June 21, 2010

Certificate of deposit interest rates were just fractionally lower for the week ending June 18, 2010 based on the survey of bank CD rates performed by Selectcdrates.com. National CD rates for the three month, six month and two year maturities ended the week unchanged from the prior week. The one year and five [...]

Bank Certificate of Deposit Rates June 14, 2010

Certificate of deposit interest rates ended the week on June 11th with mixed results across the various maturities. The average yield for the five year CD rates ended with a gain on the week while the six month and one year term CDs remained unchanged. Unfortunately, the average rate on the top ten [...]

Banking & CD FAQs

If I want to set up an account at the local bank for my nephew under the Uniform Transfers to Minors Act (UTMA). Can I set up the account, or do his mother or father need to set it up?

There is no requirement on who has to be the person who has the authority to do transactions on behalf of the child or the custodian under the Uniform Transfers to Minors Act in effect in most states. You will need your nephews Security number.

The bank required two forms of picture I.D. Can it do that?

Yes. The bank can require two forms of picture identification. Federal banking laws or regulations does not prohibit national banks from asking customers for additional identification.

I owed my friend in another state some money and I sent a cashiers check, his bank has placed a hold on the money. I thought the purpose of the cashiers check was to have immediate guaranteed funds. Why would the bank do this?

You are mostly correct about the rationale for using a cashier’s check. Normally, cashier’s check provides next day access to the funds for the party you had sent the check to. However, exceptions to hold policies do exist. One exception could be if the check is over $5,000.00. In addition, holds

What is the purpose of FDIC deposit insurance?

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.

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