Similiar Content You Might Enjoy
Bank CD rates continued down a path of lower yields for the week ending July 3, 2009. Even though the expectations have been for higher CD rates, banks reduced the rates offered on the majority of certificates of deposit maturities. Bank CD yields presented on the highest bank rates moved lower across all CD terms
CD interest rates were prodded lower again this week while mortgage rates were driven down to all time record lows. The continued debt dilemma facing European nations outweighed some positive economic news in the U.S. Scheduled Treasury bond purchases made by the Fed combined with heavy bond purchases brought on by skittish investors eyeballing the
Brannen Bank has been providing banking service in Florida since 1926. The bank is Citrus County’s oldest and one of its largest commercial banks. Brannen Bank was the only bank in Citrus County, Florida to survive the economic crash of 1929 and the Great Depression.
Now, Brannen Bank has grown and expanded to twelve bank branches
Wedbush Bank opened for business in 2008. The bank is headquartered in Los Angeles, California. Wedbush Bank is a wholly owned subsidiary of WEDBUSH, Inc. Wedbush Bank has been FDIC insured since February 29, 2008. The bank is chartered as a Savings Association. Therefore the primary regulator is the Office of Thrift Supervision (OTS).
Even with the better than expected monthly jobs report released on Friday, interest rates managed to move lower on the week. The monthly employment report is often a significant market moving economic release and with this month’s number coming in higher than expected, an increase in rates would have been the expected outcome. Of course,
Earnings on an investment’s earnings. Over time, compounding can produce significant
growth in the value of an investment.
The trading desk at the Federal Reserve Bank of New York through which open market purchases and sales of government and federal agency securities are made. The desk maintains direct telephone communication with major government securities dealers. A foreign desk at the Federal Reserve Bank of New York conducts transactions in the foreign
The FDIC does not publish that list. Although the FDIC periodically announces the number of banks they have on the watch list, they do not believe it would be prudent to relesease the names of the banks to the public. The obvious conclusion is that the FDIC is trying to bring these banks
The average maturity of all the bonds in a bond fund’s portfolio.
Many banks are offering an interest rate increase on your checking account if your paycheck is deposited electronically. Your bank can help arrange for the direct deposit of your pay checks, pension or social security checks without charge. Direct deposit results in no delays in getting funds deposited because checks may get lost in the mail,
The written agreement between a borrower and a lender in which the terms and conditions of the loan are set.
Bank errors not in your favor. Don’t draw the erroneous conclusion that your bank is so quality control driven that they are beyond making mistakes in your monthly checking account statement, savings account or money market account. Always balance your checking account monthly and check any bank fees charged. Bank savings account and money market
Consumer credit outstanding contracted by 10.4% in the month of July according to the Federal Reserve report released yesterday, September 9, 2009. Not nearly enough attention is being focused on this data. The July reduction in consumer debt was the largest drop since the Federal Reserve has maintained the records back in 1943. This supports
A Health Savings Account (HSA) in conjunction with a high-deductible health plan is a relatively new way to lower your health care costs. It’s a tax-advantaged account that can be used to pay for day-to-day eligible medical expenses. An HSA is also an excellent way to save for future health expenditures with the
CDARS is an acronym for Certificate of Deposit Account Registry Service. CDARS is a deposit placement service offered through the Promontory Interfinancial Network. The real value and potential benefit with CDARS is the extended FDIC coverage for large CD holdings.
When a bank places a customer’s large deposit using the CDARS service, that deposit
An employer-sponsored retirement plan that enables employees of universities, public schools, and nonprofit organizations to make tax-deferred contributions from their salaries to the plan.
A bank is a financial depository institution that keeps consumers and business accounts for savings or commercial purposes and engages in the business of lending, investing, and borrowing money. Retail banking refers to banking in which banks place transactions directly with consumers, rather than corporations or other banks. Retail bank services offered include:
Interest income from CDs, money market accounts and savings accounts is considered regular income. It’s taxed at the same rate as any other income you receive that year. Your bank or savings institution will send you a 1099-INT form stating the amount of interest that your CDs or other accounts earned by the
Banks’ legal right to seize funds that a guarantor or debtor may have on deposit to cover a loan in default. It is also known as the right of set-off.
First National Bank is an independent community bank operated in Colorado since 1901. The bank has four bank branches within Colorado: Las Animas, La Junta, Fowler and Monument. First National Bank is a community bank that provides financial products and services to individuals, families, and businesses.
The bnaks products and services for individuals include card products,