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Retail funds are money market mutual funds that are offered primarily to individuals. Retail money market funds hold around 60 percent of all money market fund assets.
Bank rate news for the week was mixed with the big news centering on the European Central Bank’s (ECB) announcement to add liquidity to European markets and the U.S. monthly jobs report getting released on Friday showing good, but not great, growth in job creation. More or less, conflicting data for interest rates. Added liquidity
Finding the best mortgage loan in Oklahoma entails comparing the mortgage rates and terms offered from some of the top bank mortgage lenders in the state. One of those mortgage lenders that should make the list for mortgage rate shoppers is American Heritage Bank. American Heritage Bank is based in Sapulpa and is one of
The current CD rates promoted by Greer State Bank in South Carolina for a 6 month and 12 month term CD are approximately twice the national average CD rate for those terms.
Greer State Bank is a state chartered bank in SC that is currently promoting a number of different CD rate deals. The South Carolina
First State Community Bank is a community bank located in southeast Missouri. First State Community Bank has been a locally owned, community bank and a Farmington landmark since its grand opening as First State Bank of Farmington on May 9, 1954. The bank has grown to become the second largest banking corporation headquartered in southeast
Watertown Savings Bank is a full service, FDIC insured mutual bank headquartered in Watertown, Massachusetts. The bank was established back in 1870 in an era before electricity, telephones, cars or computers. The bank currently has over $1.0 billion dollar in assets. In addition to its headquarters in Watertown, the bank has nine other bank branches
A check written by a depositor that has not yet been presented for payment to or paid by the depositor’s bank.
Level One Bank officially opened on October 5, 2007 in Farmington Hills, Michigan. Level One Bank offers personal and commercial banking services. The bank has several choices to accommodate personal banking needs from free checking accounts to high rates of interest on a number of FDIC insured deposit options, or great rates on home equity
VisionBank of Ames Iowa has a new, limited time CD rate promotion for central Iowa consumers. The bank is offering a mid-term, 14 month CD with a rate of return that is well above the rates offered by the local competition. In fact, the current CD rate on the bank’s promotion is more than six
TCF Bank is advertising their free checking account with an offer that includes $50.00 in free groceries. Stop into a TCF Bank branch and open the fee checking account with a minimum $25.00 deposit and TCF gives the account holder a free $50.00 Jewel-Osco Gift Card. The gift certificate is awarded at the time of
Northrim Bank opened for business in a trailer in the parking lot at 3111 C Street with 21 employees in 1990 in Anchorage, Alaska. Northrim Bank has been FDIC insured since December 4, 1990. Northrim Bank is chartered as a Federal Reserve Non-member. Therefore the primary regulator is the Federal Deposit Insurance Corporation (FDIC). The
Certificates of deposit generally pay a higher rate of interest than similar type bank accounts. They pay a higher rate because they have a fixed maturity date that for the most part guarantees the bank has the ability to use these funds for investment and lending activities. One way the bank can make
The current dollar value of the pool of money shareholders have invested in a fund.
The term interest is used to describe the cost of using money, a right, share, or title in property.
The Federal Reserve System is the central bank of the United States. The Fed was created by an act of Congress in 1913. The basis of this creation was to create a government entity directed with the responsibility to foster a sound banking system and a healthy economy. The Federal Reserve System
Not all CDs are created equal or have the same attributes. Investors need to ask questions and understand exactly what they’re buying. CD investors need to find out the CDs maturity date, where the money will be deposited, the penalties for early withdrawal, any costs associated with selling before maturity and whether the
Looking for sanctuary with the U.S. government, along with numerous other financial and industrial companies in recent weeks, American Express announced it is becoming a bank. A government release stated that, in light of the unusual and exigent circumstances affecting the financial markets, and all other facts and circumstances, the Federal Reserve Board has determined
Newton Savings Bank is one of the top local bank mortgage lenders in Connecticut. Newton Savings Bank also ranks as one of the top twenty largest banks in Connecticut based on total assets. The bank offers a wide array of services including commercial and personal banking products and services along with a solid selection of
Cashier’s checks or Money Orders are certified checks because you must have cash to purchase these negotiable items, and these items are often insured by the issuing bank. Personal checks are not certified funds.