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An open-ended mutual fund that invests in short-term debts and monetary instruments such as Treasury bills and pays money market rates of interest. Money market funds usually offer checkwriting privileges. Money market mutual funds are not insured by the FDIC.
High Desert Bank is chartered as a Savings Association in Bend, OR. The primary regulator of the bank is the Office of Thrift Supervision. The bank was established on September 26, 2007 and has been FDIC insured since that time. The bank assets, as of September 2008, stood at $34,132,000. Through September, 2008 the bank
When you buy a CD, you enter into a contract involving a fixed amount of money, the principal, for a predetermined period of time, the term, and an agreed-upon interest rate and yield. The bank is simply honoring the terms of the contract; it is not obligated to change those terms when interest rates
A weak jobs report has pushed interest lowers including bank CD rates. The most recent economic reports led by the monthly jobs report has turned the tide on the string of improving economic data and brought into question the vitality of US economic recovery. Slow growth generally leads to low levels of inflation, low loan
An interest rate structure in which different rates of interest are paid depending on the balance in an account. The entire account balance will earn a higher rate once it reaches the designated level.
The financial services marketplace has changed profoundly in recent months. Financial education can help consumers become more confident about the future by offering them the knowledge to make sound money management decisions. The work of selectcdrates.com is to help educate consumers by finding the best banking products and services that will make their financial life
Legal claim against a property. Once the property is sold, the lien holder is then paid the amount that is owed.
The perception that stronger economic growth is here is pushing interest rates higher along with the stock market and many commodity markets. Treasury rates moved higher this past week with the ten year crossing the 2.00 percent threshold, mortgage rates climbed just modestly higher and CD rates showed almost no change with some maturities moving
WaMu is running an advertising campaign with the focus on the size of their ATM network. An ad for WaMu in the December 3rd, 2008 Orange County Register reads, “14,000 more reasons why we’ve got the best checking”. Now that WaMu is part of Chase, the combined ATM network is in excess of 14,000 machines.
Banks are places that take your money, keep it safe and let you use a debit card or checks to take care of day-to-day purchases. A depository for your day-to-day funds and short-term savings is the main features most consumers use the local bank for. And there is a good likelihood that your
Bank CD rates dropped just slightly for the week ending October 28, 2011. Based on the most recent survey of CD interest rates performed by Selectcdrates.com, the average rate on the top ten best CD rates covering maturities of three months through five years fell by less than one basis point. The Selectcdrates.com CD rates
Find a list of al Bank-Fund Staff Federal Credit Union (BFSFCU) locations listed with the complete branch address, branch phone number and branch hours of operation. With over 3.0 billion dollars in total assets, BFSFCU is the 33rd largest credit union in the U.S. Retail services offered by BFSFCU branches include deposit and savings services,
Even with the better than expected monthly jobs report released on Friday, interest rates managed to move lower on the week. The monthly employment report is often a significant market moving economic release and with this month’s number coming in higher than expected, an increase in rates would have been the expected outcome. Of course,
Depending on the circumstances and your State’s laws, you may be held responsible for the entire amount of the check that you cash at the bank or deposit into your account.
If your bank credited your account for a check that was later found to be insufficient, the bank can reverse the funds. As the
A time draft accepted by a bank, known as bankers acceptance. They are used primarily in financing international trade. Acceptances are negotiable instruments, meaning they can be sold to another party before maturity.
Many banks are offering an interest rate increase on your checking account if your paycheck is deposited electronically. Your bank can help arrange for the direct deposit of your pay checks, pension or social security checks without charge. Direct deposit results in no delays in getting funds deposited because checks may get lost in the mail,
Cash kept on hand in a depository institution’s vault to meet day-to-day business needs, such as cashing checks for customers. Vault cash is counted as a portion of the banks required reserves.
An investment program, offered by state governments, designed to help pay future qualified education expenses. States offer two types of 529 plans: prepaid tuition programs allow contributors to establish an account in the name of a student to cover the cost of a specified number of academic periods or course units in the future
While bank savings rates were little changes for the week ending July 1, lending rates and bond rates increased dramatically. The ten year Treasury bond increased by over 30 basis points by week’s end and the two year Treasury note increased by 15. One basis point is equal to 1/100th of a percent. Staying in
Bank checking accounts are notorious for paying little or no interest. Since, checking accounts are a necessity for must consumers, the smart move is to keep just enough money in your checking account. Keep the remainder of your emergency funds and funds for usual expenditures in a money market mutual fund or money market deposit