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Weymouth Bank was established in 1889 and headquartered in Weymouth, Massachusetts. Weymouth Bank is an independent, mutually-owned community bank. It is a federally insured bank and is also insured by the Share Insurance Fund of the Co-operative Central Bank. It offers a wide array of financial products and services ranging from deposits to loan services
Typically, the largest money market mutual fund expense is the management fee charged by the fund’s advisor, which is usually also the sponsor of the fund. This fee compensates the fund’s advisor for administering the fund and managing its portfolio.
Money market fund management fees are fees used to compensate the portfolio management team. Mutual fund
Be cautious of bank courtesy overdraft protection. Your bank may offer this service to pay or cover your check when you have insufficient funds in your account. However, this feature will cost you. S ome of the highest fees charged by banks are for courtesy overdraft protection. To avoid this, either avoid writing the checks
Best One Year CD rate in North Carolina
The best one year CD rate in North Carolina is presently being offered by Asheville Savings Bank. The bank is offering a superior CD with a 4.18% interest rate and 4.25% APY for its 1 Year term. This CD rate requires a minimum balance of $10,000.00. To obtain
With a bank CD an investor is assured that the principal as well as interest when it reaches maturity will be paid back. The interest rate that the investor receives on a bank CD will be established in advance at the time the CD is opened. The key aspect of bank CD investments is to
National bank CD rates were a mixed bag for the week ending August 28, 2009. Overall, CD interest rates had dropped modestly during the week. The short term rates absorbing most all of the loss in yield, while the longer term rates gained ever so slightly.
The average for the best six month CD rates fell
Reserve requirements are the percentage of deposits that depository institutions must hold in reserve and not lend out. Banks and other depository institutions (savings institutions, credit unions, and foreign banking entities) are required to hold a portion of their deposits as reserves. Depository institutions may hold reserves either as vault cash or as
Well, Jim Cramer of CNBC has said it’s time to get out of Treasuries. On his show last night he stated that it is time to get out of government securities and sell long term Treasuries or those with terms of ten years and longer. Of course, that’s Jim’s opinion. There was an article on
The Federal Deposit Insurance Corporation (FDIC) is an independent agency of the federal government created by the Banking Act of 1933.
The FDIC’s primary job is to provide deposit insurance, which guarantees the safety of checking and savings deposits in member banks. The FDIC makes sure that, if a bank is closed, all of the bank’s
Wilber National Bank offers a number of consumer bank products in New York including a variety of certificate of deposit options with competitive CD rates in New York. Wilber National Bank is a New York based bank that was founded in 1874 and is headquartered in Oneonta, New York. The bank has branch locations in
Bank CD rates continued down a path of lower yields for the week ending July 3, 2009. Even though the expectations have been for higher CD rates, banks reduced the rates offered on the majority of certificates of deposit maturities. Bank CD yields presented on the highest bank rates moved lower across all CD terms
The Treasury Department offers a couple of options on its TreasuryDirect Web site.
The simplest is its savings bond calculator. It will provide redemption values for Series E, EE and I bonds. The second alternative is also found on the treasury’s site and is the savings bond wizard. This program must be downloaded
Fed funds transactions can be initiated by either a funds lender or a funds borrower. An institution seeking to lend fed funds identifies a borrower directly, through an existing banking relationship, or indirectly, through a fed funds broker. The most commonly used method to transfer funds between depository institutions is for the lending
Mena is a vacation and retirement paradise. This paradise is situated within the mountains, valleys, thick forests and fertile plains within the borders of the United States. A paradise that can be found in Polk County, Arkansas. A paradise that is the hometown of Union Bank of Mena.
Union Bank of Mena was established in 1934
The relationship between the monetary base and the money supply. The multiplier explains the money supply has expanded through the banking system by distribution of excess reserves.
The SelectCDrates.com weekly survey of banks CD rates is raising a red flag when it comes to big bank certificates of deposit. The data released shows big banks continue to offer rates of return that fall well behind the top bank CD rates in the nation. The dismal yields at the mega banks are not
The Treasury Department auctioned off $38 billion in two year notes yesterday, December 22, 2008. The yield on these notes reached an all time low with a yield 0.92%. The apparent flight to quality has reached the level of insanity. If rates rise, selling these notes after the auction will lead to a loss. If
Silvergate Bank established in 1988 as a California state chartered, FDIC-insured financial institution. Silvergate Bank offers a variety of lending programs and deposit account products. Silvergate Bank provides banking services for consumers, sole proprietors, and non-profit organizations. The institution offers an array of checking accounts and savings account products for consumers as well as sole proprietors and
When you write a check from your bank account, before making any subsequent deposits to cover the amount written, be more careful as the time it now takes to clear the funds through your checking account has been greatly reduced since the new law of Check21 was passed.
The Village Bank was founded in August 1996 to become the oldest locally owned bank in St. George, Utah. The Village Bank is a state chartered independent bank serving consumers and businesses in Washington County and portions of Iron County, Utah and Clark County, Nevada. The Village Bank has 4 offices, 24 hour ATM access