Rates Current as of Thursday February 09, 2012

Trust Account

A general term that covers all types of accounts in a trust department, such as estates, guardianships, and agencies.

This entry was posted on Saturday, October 11th, 2008 at 5:04 pm and is filed under Glossary. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.

No user commented in " Trust Account "

Follow-up comment rss or Leave a Trackback

Similiar Content You Might Enjoy

Short Term, Long Term, CD Rates Defy Term Structure

Longer term CD rates should be higher than short term CD rates. Investors generally accept a lower yield to have a shorter maturity or on the other hand expect a higher yield on the longer-term, less liquid CD. This characterizes a fairly normal economic condition for most all interest bearing securities, since investors expect to

Renewal

A form of extending an unpaid loan in which the borrower’s remaining unpaid loan balance is carried over or renewed into a new loan at the beginning of the next financing period.

State Banking Department

The organization in each State that supervises the operations and affairs of State banks.

What is electronic check conversion?

Electronic check conversion is a process in which your check is used as a source of information–for the check number, your account number, and the number that identifies your financial institution. The information is then used to make a one-time electronic payment from your account, an electronic fund transfer. The check itself is

The Best Short Term CD Rates In New York

Pathfinder Bank of Oswego, New York offers the best short term CD rates in the state. The bank is running a promotional special on a 5month terms CD and a 13 month term CD. The 5month CD has an interest rate of 4.07% and an APY of 4.15%. The 13 month CD has an interest

Revolving Credit

A line of credit that does not have a specified repayment schedule but may require a minimum payment to cover interest and contribute to paying off principal. Typical of credit card loans, checking account cash reserve or overdraft accounts that have pre-approved lines of credit.

Foreclosure

A legal process in which property that is collateral or security for a loan may be sold to help repay the loan when the loan is in default.

Transfer Agent

The organization employed by a mutual fund to prepare and maintain records relating to shareholder accounts.

Bank Rates December 6, 2010

With the notable exception of bank mortgage rates, bank rates were lower across the board for the week ending December 3rd, 2010. CD interest rates were lower for all CD terms measured, savings and money market rates dipped lower and credit card rates fell rather sharply. Mortgage rates were the only category of bank

Financial Regulatory Agency

An organization authorized by statute for ensuring the safe and sound operation of financial institutions chartered to conduct business under that agency’s jurisdiction. The primary regulators are the following: OCC (Office of the Comptroller of the Currency) FDIC (Federal Deposit Insurance Corporation) FRB (Federal Reserve Bank] OTS (Office of Thrift Supervision) NCUA (National Credit Union Administration) State regulatory agencies

Drawee

The person or bank who is expected to pay a check or draft when it is presented for payment.

Union Bank of California CD and Money Market Advertisement

Union Bank of California is running advertisements promoting their one year CD and money market account. The one year CD has an interest rate of 3.15% APY and the money market account earns an interest rate of 2.52% APY. The consumer bank CD requires a linked checking account to qualify for promotional rate. If linked

VA CD Rates at Bank of the James

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

What Does the FDIC insure?

The FDIC insures all deposits at insured banks, including checking, NOW and savings accounts, money market deposit accounts, and certificates of deposit (CDs), up to the insurance limit. The FDIC does not insure the money you invest in stocks, bonds, mutual funds, life insurance policies, annuities, or municipal securities, even if you purchased these products

Bank Rates, CD Rates, Mortgage Rates and Credit Card Rates July 19, 2010

This week’s numbers for bank rates, CD rates, mortgage rates and credit card rates were down across the board. Weak economic conditions continue to keep bank rates at historic low levels. While the economy searches for direction and more importantly, signs of sustainable growth, demand for safe and secure fixed income securities has

Available Credit

The difference between the credit limit assigned to a cardholder account and the present balance of the account.

ChexSystems

The ChexSystems, Inc. network is comprised of member financial institutions that regularly contribute information on mishandled checking and savings accounts to a central location. ChexSystems shares this information among member institutions to help them assess the risk of opening new accounts. ChexSystems only shares information with the member institutions; it does not decide

Best CD Rate in Washington Advertised in Seattle Times Post Intelligencer Nov. 16, 2008

The Nov. 16th issue of the Seattle Times Post Intelligencer has an ad placed by First Savings Bank Northwest advertising their 18 month bump up CD. The rate on this CD is 4.19%. This is the best CD rate for 18 months CDs in the state of Washington. The minimum balance to open a CD

Transaction Account

A checking or similar account from which transfers can be made to third parties. Demand deposit accounts, negotiable order of withdrawal (NOW) accounts, automatic transfer service (ATS) accounts, and credit union share draft accounts are examples of transaction accounts at banks and other depository institutions.

MI CD Rates at First National Bank of Norway

First National Bank of Norway has been offering competitive deposit accounts in Michigan since 1901. The bank offers a number of savings options including bank CDs with competitive MI CD rates through four bank branches in The Wolverine State. There are many ways for Michigan residents to save their money and make it

CD Rate Updates

CD Interest Rates Mildly Lower January 30, 2012

In the most recent survey of bank CD rates conducted by Selectcdrates.com, CD rates slumped slightly compounding last week’s similar dip. The average yield on the Selectcdrates.com CD rate index moved down to 1.081 percent from an average rate of 1.087 percent found in the previous rate survey. The Selectcdrates.com index covers the top ten [...]

CD Interest Rates Hold Steady January 23, 2012

CD rates remained relatively stable in the most recent survey of the top national CD rates. The average CD rate, as measured by the rates on the best three month, six month, one year, two year and five year CD rates, was unchanged from the previous week. The Selectcdrates.com weekly CD rate survey showed the [...]

CD Interest Rates Display Little Change January 16, 2012

The best CD interest rates available were little changed over the past week. Based on the most recent survey of bank CD rates performed by Selectcdrates.com, the average CD rate gave up less than one basis point or 1/100th of a percent week over week. The average CD rate on the highest three month CDs, [...]

Banking & CD FAQs

What is the difference between CD and money market?

Some investors use the word CD and money market interchangeably. There are differences between CD and money market. First of all A CD or certificate of deposit is not a marketable security which means that if a certificate of deposit holder wants out of his or her certificate of deposit or wants to

Is my bank permitted to charge me an overdraft fee as well as a fee for each day during the period my checking account is overdrawn?

Yes. Banks are allowed to charge fees for returned checks and overdrawn balances. The assessment of account fees is governed by the terms of your deposit account agreement, which you should have received when you opened the account. Review your account agreement and contact the bank for more information.

I cashed a check at a bank. It charged me a fee because I don’t have an account there. Is this legal?

If a national bank agrees to cash a check for a noncustomer, it may legally charge the presenter a fee. There are no limitations on the fee amount. If you think the fee is excessive, you may want to open an account with the bank, or cash your check at another institution with

What Are Reserve Requirements?

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

Best Rates on CDs
Best Interest Checking Account Rates

Discover Bank IRA CD Rates

Emigrant Direct
Sallie Mae Savings

Bank Deals
Checking Account Promotions
Chase Bank Promotions Bank of America Promotions
Capital One Promotions
Citibank Promotion

Second Chance Bank Account
Online Checking Accounts Roth IRA Accounts

Best Credit Card Rates Low Interest Credit Cards Business Credit Cards Credit Cards with Cash Back Credit Card Applications
Best Credit Card Offers
Low Interest Rate Credit Cards
Credit Cards for Bad Credit

Best Prepaid Cards
Chase Bank Credit Cards
Chase Credit Card Offer Chase Freedom Card
Chase Credit Card Interest Rates
Wells Credit Cards
Apply for Citibank Credit Card
Citicreditcard
Student Citi Card
Citibank Dividend Card Balance Transfer Credit Card HSBC Bank Household Bank Credit Card

Personal Checking Account
Bank Certificates of Deposit
Compare Savings Accounts
Setting Up a Bank Account Online Bank Services
Bank Information
Open a Bank Account
Bank Money Markets
Bank IRA Accounts

Mobile Banking Online Banking

CD Ladder
CD Loan

Best Checking Accounts

Senior Checking Account

Car Loan Rate

Business Checking

Online Brokers

----------Calculators ---------

Savings Account Calculator
Compound Interest Calculator
Mortgage Payment Calculator

About Us | Contact Us | Privacy Policy

Trust Account

No user commented in " Trust Account "

Leave A Reply

CD Rate Updates

Banking & CD FAQs

Bank & CD Tips