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To write a check for an amount that exceeds the amount on deposit in the account.
A certificate of deposit is an IOU in that there is a promise to pay back the interest and principal at maturity to the holder of the certificate of deposit. But, a certificate of deposit is not a marketable instrument. In another word, if the holder of the certificate of deposit needs the
Mortgage rates ended the week slightly higher after touching new all-time lows during the week. While mortgage rates moved modestly higher, CD interest rates moved in the opposite direction and dipped lower. Treasury rates matched the action in the mortgage market and displayed higher yields for almost all terms over the course of the week.
Bank of the James opened its doors in 1999 and was organized under the laws of the Commonwealth of Virginia to engage in retail and commercial banking business. Bank of the James is a locally owned community bank and serves individuals, small and medium sized businesses and professionals in central Virginia. The Bank’s services include
A deposit that can be withdrawn at any time without advance notice. The most common type is the checking account. Bank demand deposit drafts or checks are considered negotiable instruments as defined by the Uniform Commercial Code.
Lake City Bank based in Warsaw, IN is currently offering four new CD account promotions. The CD rate promotions at Lake City Bank are aptly named the Companion CDs. The bank CDs are available to checking account holders at Lake City Bank and come with interest rates well above the national average rate for comparable
A transaction card that may either a credit card or debit card giving the banks customers the ability to pay for goods and services or receive cash back at authorized businesses and ATMs. As a credit card, the bank card can work as a line of credit or as a debit card, accessing the
Mutual funds can offer the advantages of liquidity, diversification, professional management and a competitive rate of return. A money market fund investment can help an investor reach their financial goals whether they are short term goals or long term, but as with many other types of investments, investing in mutual funds involves some level of
Copper Star Bank is an Arizona based bank. The bank is a community bank that is based in Scottsdale. Copper Star Bank was established to serve as a commercial bank working with the needs of small to medium-sized companies and their employees. Copper Star Bank was founded in 2000 under its original name of Scottsdale
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
The best certificate of deposit rates had mixed results for the week ending October 16, 2009. Shorter term CD rates rose along with long term CD rates while the midterm rates pushed lower.
The best six month CD rates gained ground with the average yield moving higher by the close of the week. The average of
There are several banks in Mississippi that have interest rates well above the national averages. One bank that continues to offer some of the highest CD rates in the state is Mechanics Bank. Mechanics Bank can be found within the top five banks with the highest CD rates for the 6 month term CDs, the
More and more banks are offering online banking as a free service to checking account holders, savings accounts, money market accounts and even certificates of deposit. Bill payment service may still cost a small fee but is also increasingly being offered as a free service by most banks. When there is a small fee, often
More and more banking takes place in real time. This doesn’t mean that your paychecks will clear and be available the minute you deposit them, but it does mean that if you deposit the check at an ATM you may very well see a record of that deposit online by the time you get
Solon State Bank is a full service commercial bank. The bank was opened in Iowa in 1932. The bank has three branches in Iowa, in Solon, Tiffin and Ely. Solon State Bank has been FDIC insured since January 1, 1934. The bank is chartered as a Federal Reserve Non-member. Therefore the primary regulator is the
The Texas ratio is a measure of a bank’s financial strength and standing by evaluating the ratio of non-performing loans to its equity position. The ratio measures loans in default against the present capital base taking into consideration loan loss allowances.
A charge for a service.
Hatboro Federal Savings has been engaged in mortgage lending since 1941. While the mortgage loan options were somewhat limited during that time, Hatboro Federal has grown to offer a variety of home loans with competitive mortgage rates and varying terms for residents of Eastern Pennsylvania. The bank concentrates their home loan activity for purchases and
CD interest rates were prodded lower again this week while mortgage rates were driven down to all time record lows. The continued debt dilemma facing European nations outweighed some positive economic news in the U.S. Scheduled Treasury bond purchases made by the Fed combined with heavy bond purchases brought on by skittish investors eyeballing the
The term online banking is generally used to describe two distinctly different banking operations. Online banking, including paying bills and making transfers, may be available through a traditional bank. Online banking, in this description, simply means having some level of access to your bank through the internet. An internet only bank or