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Purchasers of bank CDs are paying more attention to short and mid term CD rates. Continuing on with reviews of mid term CD rates, which are CD rates between 1 year and 3 years in length, leads to Enterprise Bank in South Carolina. Enterprise Bank of South Carolina is a bank offering one of 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
American Bank & Trust is offering some of the highest CD rates in South Dakota. The American Bank & Trust is a home owned and managed bank that has been serving the area since the early 1900’s. Right now the bank is offering two of the highest CD rates for short term CDs in South
Historically low rates on bank CDs continued again this week. Although CD interest rates were little changed by the close of the week, there were no CD terms that displayed an increase in rates and some terms ended with a mild decrease. While CD rates remain quite low, there is a wide discrepancy
Fair Housing Act (1968)
Prohibits discrimination in the extension of housing credit on the basis of race, color, religion, national origin, sex, handicap, or family status.
Truth in Lending Act (1968)
Requires uniform methods for computing the cost of credit and for disclosing credit terms. Gives borrowers the right to cancel, within three days, certain loans secured by
A formal statement prepared when a loan payoff is contemplated. It shows the current status of the loan account, all sums due, and the daily rate of interest.
Apple Bank is now running a promotion on their high yield money market account. The bank offers a 3.75% interest rate on the account, guaranteed for 12 months on balances up to $199,999.00. This high yield money market account is the highest rate currently offered in New York. In order to achieve the advertised interest
Halifax National Bank is a local Pennsylvania bank with three bank branches. The bank is headquartered in Halifax, Pennsylvania and provides full line of personal and business bank products and services to the community. Bank products include online banking, CD’s, telebanking, savings, residential home mortgages, residential & commercial loans, and more.
Halifax national bank offers a
CD interest rates were little changed for the week ending May 20, 2011. While Treasury rates dipped lower and mortgage rates moved higher, bank CD rates yawned. The highest CD rates available for all five categories of bank CDs (3 month CDs rates, 6 month CD rates, 1 year CD rates, 2 year
These are CD rates not just in the sunshine state but CD rates at Sunshine State Community Bank. Sunshine State Community Bank has been FDIC insured since July 24, 2000. Sunshine State Community Bank has five bank branches located in Florida. The bank is chartered as a Federal Reserve Non-member bank. Therefore the primary regulator
A date when the issuer of a bond or other obligation may “call” for redemption of all or part of the debt issue. In other words, the bond may be paid off early, ending interest payments that an investor might have planned on.
Summaries that a mutual fund sends to its shareholders that discuss the fund’s performance over a certain period and identify the securities in the fund’s portfolio on a specific date.
If you’re a wise financial consumer, you have money in three places – your checking account to pay bills, your intermediate savings account for short-term goals and emergencies, and your long-term portfolio for retirement and other savings goals longer than five years. Your checking account should be minimal with only enough cushion to prevent
Tax-exempt money market funds invest in a variety of public finance short term debt instruments that are used for the financing the needs of local public authorities or other public service organizations. In the United States, federal, state and local governments all issue paper to meet funding needs. States and local governments issue municipal paper.
All mutual funds are highly regulated by the federal government through the U.S. Securities and Exchange Commission (SEC). To protect investors, Federal law requires that all funds provide two types of documents to current and potential investors free of charge, a prospectus and a shareholder report.
Most all of the information needed to evaluate a fund
Trouble with the U.S. economy and the European debt crisis stay front and center in 2012 when it comes to the direction of interest rates. In the past week, we found out that December retail sales were disappointing with a rise of just .01 percent and Standard & Poor’s is getting ready to change the
Increasing the Fed Funds rate or decreasing the Fed Funds rate has a sizeable impact on almost all corners of the investment world. The increases or decreases in the Fed Funds rate has particular importance for short term investments such as money market instruments, bank CDs and savings accounts.
When the Fed supplies more securities
Rates on bank savings products and loan products plummeted again this week. The only bank products not playing along were the credit cards. Credit card rates snuck through with an uptick in rates while mortgage rates, CD interest rates, savings account rates and Treasury rates moved lower when the week came to a close.
Company that owns, or has controlling interest in, one or more banks. A company that owns more than one bank is known as a multibank holding company. A bank holding company may also own another bank holding company, which in turn owns or controls a bank; the company at the top of the
Platinum Bank is a Florida bank that was established in December 1997. The bank is headquartered in Brandon, Florida with branches in Lakeland, Tampa, Plant City, and Winter Haven, Florida. The bank’s primary market area consists principally of Hillsborough and Polk counties and the surrounding areas.
Platinum Bank’s business strategy is to cater to consumers, professionals,