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A credit union is a financial institution that is privately owned by its members or customers. Unlike a bank, a credit union operates as a non-profit entity and does not put profitability first. Like banks, credit unions must be concerned about its deposits and lending activities and provide stability and service. Credit
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
The consumer price index dropped 1.7% on a seasonally adjusted basis last month as reported by the Bureau of Labor Statistics of the U.S. Department of Labor. Falling oil and gas prices, was the biggest catalyst for the decline in the overall index. Excluding energy, the CPI index was unchanged for November. The energy component
Bank’s policy as to when funds deposited into an account will be available for withdrawal.
Savings bonds and Treasury bonds can make great gifts to start a path of investing for young investors. You can purchase an electronic I Bond as a gift for someone and hold it in the “Gift Box” in your TreasuryDirect account until you are ready to transfer it to the recipient. If you purchase an
The U.S. Census Bureau, a division of the Commerce Department, announced today that advance numbers for U.S. retail and food services sales for November were $355.7 billion, a decrease of 1.8 percent from October, the previous month. The total sales figure was a decrease of 7.4 percent below November 2007 numbers. These figures are adjusted
An investment contract sold by an insurance company; capital is accumulated, often through mutual fund investments, and converted to an income stream later, often at an investor’s retirement.
The value of property remaining after debts against it are deducted. For example, a home valued at $200,000 with an $150,000 mortgage has $50,000 of equity.
McIntosh State Bank is a full service commercial bank, serving the Georgia counties of Butts, Jasper, and South Henry through offices in Jackson, Monticello, Locust Grove and McDonough Georgia. The bank was established in 1964. McIntosh State Bank is chartered as a Federal Reserve Non-member with the primary regulator being the Federal Deposit Insurance Corporation
The Kansas City Star Sunday issue on Nov. 9th, 2008 has an ad from Bank Midwest publicizes one of the best CD rates in Missouri. Bank Midwest promotes its 9 month certificate of deposit and 15 month certificate of deposit in the ad. The interest rate on the 9 month CD is 3.80% and the
The organization in each State that supervises the operations and affairs of State banks.
Jonah Bank of Wyoming offers personal and commercial banking services. The bank was founded in 2006 and is based in Casper, Wyoming. Jonah Bank of Wyoming has been FDIC insured since July 31, 2006. Jonah Bank of Wyoming is chartered as a Federal Reserve Non-member. Therefore the primary regulator is the Federal Deposit Insurance Corporation
The FDIC recently released an article regarding the topic of certain unfair and deceptive acts within the banking industry. The purpose of the article is on the analysis for determining an FTC Act violation not actual incidences within the banking industry.
In the publication, the standards are reviewed for what constitutes a deceptive or unfair business
Yes. The basic FDIC insurance amount applies to each separately chartered bank or savings association whether or not they internet based or not. In addition, you’re protected by the Electronic Fund Transfer Act, which governs consumer rights involving errors in the handling of electronic deposits, payments or withdrawals, and limits on consumer liability
The number used to identify an individual or entity for federal income tax purposes.
A Certificate of Deposit or CD is normally a fixed-rate, fixed-term investment that is insured for up to $100, 000 by the FDIC, a department in the Federal government.
Because the investment in a CD is for a longer period of time than a savings account of checking account, it pays a rate that is higher
First National Bank of Baldwin County is chartered as a National Bank, headquartered in the state of Alabama. The bank was established on December 28, 2001and has been FDIC insured since December 28, 2001. The primary regulator is the Office of the Comptroller of the Currency (OCC). As of December 31 2008, First National Bank
Yes. Federal law allows banks to charge non-interest charges and fees, including deposit account service charges. All fees should be determined on a competitive basis within the market. Each bank should make the decision on the type, amount, and method of calculation based on sound banking judgment and safe and sound banking
Interest rates on loan contracts, or debt instruments such as Treasury bonds or utility, industrial, or municipal bonds, having maturities greater than one year. Often called capital market rates.
Wilshire State Bank is currently offering the highest six month CD rate available nationally by a rather significant sum. The six month rate presently available at Wilshire stands at 2.52%. This CD rate is a whopping 49 basis points or 49/100 of a percent above the next best six month CD rate. The average for
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