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There are two primary forces constraining bank CD rates and savings rates, the low generally level of interest rates for comparable fixed income investments most notably Treasury rates and the lack of demand for depositor funds by banks as bank lending has continued at very low rate.
Bank deposit accounts such as certificates of deposit savings
Headquartered in Nampa, Idaho, Home Federal Bank operates a total of 15 branches, including five full service locations inside Wal-Mart branches throughout the Treasure Valley. Home Federal Bank opened their doors in 1920. Home Federal Bancorp, Inc. is a Maryland corporation headquartered in Nampa, Idaho, and is the holding company of Home Federal Bank. The
An endorsement on a check by a bank customer put there only to get the bank to cash the check for someone else, usually a non-customer. The endorser making the accommodation doesn’t benefit from the check or otherwise use it, but agrees to pay for the check if it bounces.
The Palmetto State has several banks offering above average interest rates on short term certificates of deposit. One bank on the coastline has the best short term CD rates in South Carolina. Community First Bank has been servicing the Lowcountry for 11 years. For those potential bank customers who are as ignorant as we are,
Bank rates and interest rates in general will rise when either the economy starts to grow significantly and creates loan demand or inflation begins to rise appreciably. Banks now have little competition for safe and secure interest bearing assets. Treasury rates are measurably lower than CD rates. The one year Treasury rates
A corporation, trust, or partnership that invests pooled shareholder dollars in
securities appropriate to the organization’s objective. Mutual funds, closed-end funds, and unit investment trusts are the three types of investment companies.
Local Community Bank Delivers Top CD rates, Nov. 12, 2008
The local Illinois community bank, NorthSide Community Bank, has one of the best CD rate promotions in Illinois. The Nov. 12th, 2008 issue of the Chicago Tribune has an ad placed by NorthSide Community Bank for their 6-9 month term CD and 12-15 month CD. The
A form to be completed by an applicant for a credit account, giving sufficient details (residence, employment, income, and existing debt) to allow the seller to establish the applicant’s creditworthiness. Sometimes, an application fee is charged to cover the cost of loan processing.
See short-term interest rates.
Arvest Bank in Arkansas is promoting its short term CD as super. It is the super seven month CD special. Catchy advertising text found in the Arkansas Democrat-Gazette promotes the 7-month special with 3.41% APY. This 7 month CD has no penalty for early withdrawal as long as the CD is held for 7 days
Reading the Philadelphia Inquirer we come across an ad by Stonebridge bank offering the best 14 month CD rate in Pennsylvania. In the ad Stonebridge Bank is presenting a 14 month CD with an interest rate of 4.25%. Not only is it the best 14 month rate but it is also the best CD rate
Always save your ATM receipts until you are able to compare them to your monthly statement or you verify your transactions online. If you believe there’s an accounting error involving an ATM transaction, the federal Electronic Fund Transfer Act (EFTA) offers protections. To be fully protected under the EFTA the law states,
Before you open an account, banks must provide you with certain disclosures regarding their deposit products. This enables you to make meaningful comparisons among banks. The disclosures must be in writing and in a form you can take home. The bank must disclose information about the following: interest rates, crediting and compounding
Bloomberg.com has a great article discussing some of the unusually high CD rate promotions that keep popping up. The article is titled, “AIG, GMAC Help Drive Up Bank Rates Amid ‘Insanity’ for Deposits”. The theme of the article is one that has struck a chord with us for last 2-3 months. Some banks continue to
The economic numbers just keep pounding the economy. It is at the point where we are at a vicious cycle of bad data feeding valuation programs that will lead to judgments that ultimately generate more bad data. As more businesses scale back while the consumer is already been forced to scale back the cycle of
A routing transit number (RTN), or routing number, is a nine digit bank code, used in the United States, which appears on the bottom of negotiable instruments such as checks that identifies which financial institution it is drawn upon. You can find the Bank Routing Number and your Checking Account Number within the string
This time of year it’s nice to bring in promotions by banks in market areas not normally covered. One such bank is Commerce Bank of Wyoming. Commerce bank of Wyoming has a promotion for a 27 month certificate of deposit that has an interest rate of 4.00%. This particular CD is a step up CD.
A regulatory tool that the OCC may use to correct problems or effect change in a national bank.
The possibility that a bond’s or bond mutual fund’s value will decrease due to rising interest rates.
Community State Bank of Orbisonia opened its doors for business in 1951. It is Huntingdon County Pennsylvania’s only locally owned bank. In addition to its main office in Orbisonia, the bank now has five bank branches in the surrounding area.
The Community State Bank of Orbisonia offers several CDs with above average rates including the following
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