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Bank rates moved lower for both borrowers and savers for the week ending April 26, 2013 based on the most recent survey of bank rates conducted by SelectCDrates.com. CD interest rates were down slightly for the week with the majority of the losses in yield coming on the long term maturities.
Based on the current survey,
The process of fully paying off a debt by regular installments of principal and earned interest over a definite time that results in the loan being paid in full.
Bank CD rates continued to show some downward pressure from slow economic growth abroad and geopolitical tensions in select hot points in Eastern Europe and the Middle East. The downward pressure offsets underlying forces that should start to push CD rates higher. Upward pressures sitting under the interest rate market includes the Fed’s reduction in
A written agreement that explains the terms and conditions of the account, credit usage and payment by the cardholder, and duties and responsibilities of the card issuer.
Prime rate is a term applied to a reference an interest rate that is utilized by banks and financial institutions for lending purposes.
The prime rate was a term originally used to identify the rate at which banks lend to their best and most favored customers, though this is no longer the case in general.
Collaboration of two or more individuals in a fraudulent scheme.
A bank is required to file a report with the Internal Revenue Service on any transaction or transactions in currency, by or on behalf of the same person on the same business day, if the amount in currency of those transactions exceeds $10,000.00.
Charter Oak Bank is a California based bank with headquarters located in Napa, California. The bank was founded in 2004 and along with the Napa office has an additional bank branch in St. Helena, California. Charter Oak Bank one of the fastest growing banks in the Napa Valley. Charter Oak Bank is a community bank
A bank upon which a check is drawn and that pays a check or other draft.
When the economy shows signs of growth bond yields generally rise resulting in higher bank rates and mortgage rates. This past week, there was little evidence that the U.S has slowed down yet bond rates dropped, mortgage rates fell and CD interest rates moved marginally lower.
Bank rates were mostly affected by uncertainty in the
Your deposit account agreement states that it’s your responsibility to review your periodic statement and advise the bank of any errors. Generally, you have 30 days from the statement date to find the error and notify the bank.
If the loss occurred from a fraudulent endorsement with a check, State statutes typically allow up
Not necessarily, as a drop in the Federal Funds rate also affects the Prime Rate on which investments as well as debts are based. While a drop in the Prime Rate may be good for adjustable rate mortgage payers and credit card holders, interest rate sensitive investments will also be affected. If you
The best certificate of deposit rates available nationally remained in a tight range for the week ending May 15 and mostly followed the direction of similar interest bearing securities. The average on short term, six month and one year CD, rates dipped down marginally while the longer term CD rates increased more notably to end
National Bank is a community bank in Virginia that has been in business since 1891. The bank has 25 locations throughout southwest Virginia. National Bank is headquartered in Blacksburg, VA, the home of Virginia Tech. The bank offers a wide array of consumer and business banking products and serves customers from a broad spectrum of
Any financial institution that issues bank cards to those who apply for them.
Institutional money funds are designed primarily for institutional investors. Institutional money market funds that are used by businesses, pension funds, state and local governments, and a variety of other large investors. Small, midsize, and even some larger corporations also use money market funds for cash management purposes. Small and medium-sized bank trust departments which use
First Community Bank of Eastern Arkansas is a locally owned and operated bank. The bank was established on October 13, 1998. First Community Bank of Eastern Arkansas is chartered as a Federal Reserve Member; therefore the primary regulator is the Federal Reserve Board. The bank has two bank branch locations serving eastern Arkansas. As of
CD interest rates, mortgage rates and savings rates were a mixed bag for the week ending April 1, 2011. Bank lending rates were distinctly higher while bank savings rates were mixed with long bank rates higher and shorter term CD rates moving lower. Treasury rates were little changed with the short end of
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
The Old Point National Bank is a full service community bank located in Virginia. Old Point National Bank has been FDIC insured since January 1, 1934. The bank has 20 banking locations throughout Hampton Roads. For the non-Virginians, Hampton Roads is the name of both a body of water and the area of land that