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Republic First Bank is currently offering two CDs with very good rates and low minimum balances. The 7 month CD has an interest rate of 3.50% APY. The 11 month CD has an interest rate of 4.00% APY. Both accounts require a low $500.00 minimum to open the account and obtain that rate. The 11
North Valley Bank provides financial products and services to meet the needs of both consumers and businesses in Shasta and Trinity Counties. Its products include checking and savings accounts, loans, credit cards, internet banking and cash management services. In addition to these depository services, North Valley Bank engages in a full complement of lending activities
Bank rates moves noticeably higher during the first week of March with rate increases found in mortgages, credit cards, and certificates of deposit. A stronger than expected jobs report for the month of February was the chief catalyst for the rise in rates though there were other factors involved in the push to the upside.
The seller or giver of property or of a right. For example, the seller of real estate is the grantor of the deed.
Making banking easier and more convenient is the goal of Province Bank in Marietta, Pennsylvania. Province Bank believes in providing bank products and services that are designed to be easy-to-understand and even easier to use. The bank was established on September 12, 2000 and has been FDIC insured since that time. The bank has three
American State Bank of Grygla is an independent bank working with the needs of the community in mind and making all decisions locally. The bank was established on April 30, 1976 has been FDIC insured since that time. American State Bank of Grygla is chartered as a Federal Reserve Member and therefore the
The process of analyzing two related records and, if differences exist between them, finding the cause and bringing the two records into agreement. A process to make sure your checkbook balance matches your financial institution’s balance for your account.
Securities that are recorded in electronic records, called book entries, rather than as paper certificates. Ownership of U.S. government book-entry securities is transferred over Fedwire.
The prime rate is a base rate that banks use to set the interest rate on many of their commercial loan and consumer loan products. The term originally identified the classification of a prime customer as one considered to be the banks most credit worthy customer. The default risk of a borrower,
Mutual funds that hold and invest in shares of other mutual funds.
A payment that has been made but not credited to the appropriate account.
Community Capital Bank provides consumer and business banking services in Georgia. The bank was established on August 5, 2002. Community Capital Bank has been FDIC insured since August 5, 2002. Community Capital Bank is chartered as a Federal Reserve Non-member. Therefore the primary regulator is the Federal Deposit Insurance Corporation (FDIC). The bank has approximately
In the event of a bank failure, the FDIC acts in two capacities. First, as the insurer of the bank’s deposits, the FDIC pays insurance to the depositors up to the insurance limit. Second, the FDIC, as the receiver of the failed bank, assumes the task of selling and or collecting the assets of
The development of automated teller machines has probably changed banking more than any other financial service or product in the past decade. An ATM allows customers to do many banking transactions 24 hours a day without the need of human interaction or a large physical building. To use an ATM, a customer simply
ACH (Automated Clearing House) is a nationwide network of financial institutions that send electronic messages and deliver electronic transactions for banks and their depositors. This electronic clearing and settlement system is for exchanging electronic transactions among participating depository institutions. The most common ACH transactions are direct deposit, pre-authorized debits, cash concentration and corporate
The rate at which money balances turn over in a period for expenditures on goods and services. Moat often measured as the ratio of GNP, gross national product, to the money supply. A larger velocity means that a given quantity of money is associated with a greater dollar volume of transactions.
Funds held in reserve by a mortgage company to pay taxes, insurance, and other mortgage-related items when due. Can also refer to money, property, a deed or a bond placed in the custody of a third party for delivery to a recipient only when the recipient has fulfilled specified conditions.
Bank of Chestnut is located in the Village of Chestnut, Illinois, which is the geographic center of the State. The bank was established on January 1, 1902. Bank of Chestnut has been FDIC insured since January 1, 1934. Bank of Chestnut is chartered as a Federal Reserve Non-member. Therefore the primary regulator is the Federal
The answer will be somewhat dependent the needs of the individual opening the account. What features you may need versus the features I may want are likely to be quite different. None the less, before you search for the right bank and bank services some of the common considerations you have will revolve
The second full week of August was a rough week for mortgage rates but somewhat rewarding for CD investors. Interest rates rose substantially for long term interest earning accounts such as mortgages and Treasury securities that have maturities in the five to ten year range. The rise in interest rates pushed mortgage costs to their