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The economic numbers just keep pounding the economy. It is at the point where we are at a vicious cycle of bad data feeding valuation programs that will lead to judgments that ultimately generate more bad data. As more businesses scale back while the consumer is already been forced to scale back the cycle of
Bank of Bolivar is a locally owned, community bank that started with its first full service location in Bolivar in 1997. The bank now has four bank branch locations and total assets of approximately $188,647,000. Bank of Bolivar has been FDIC insured since its inception on April 16, 1997. The bank is chartered as a
CD interest rates endured a minor dip for the week ending December 2, 2011. The average CD interest rate as measured by the Selectcdrates.com weekly CD rate index turned lower by less than half of one basis point for the week. A one basis point change is equal to 1/100th of a percent. The Selectcdrates.com
A service provided by banks where securities and valuables are protected in the vaults of the bank for customers.
A little late with the post, this is the same ad that is running in several newspapers nationwide by Sovereign Bank. Here we find it in the November 20, 2008 issue of the Boston Globe. Sovereign Bank runs this advertisement promoting two different CD terms and a money market account. The first CD is for
The past weeks interest rate round up showed most bank rates edging just slightly higher. Mortgage rates continued to be under pressure as they have been since the start of the year, although the rate changes for the most popular home loan products were relatively small over the course of the week. For the week,
The financial services marketplace has changed profoundly in recent months. Financial education can help consumers become more confident about the future by offering them the knowledge to make sound money management decisions. The work of selectcdrates.com is to help educate consumers by finding the best banking products and services that will make their financial life
If you have a difficult time making credit card payments, call the toll-free number for your highest rate cards and ask the customer service representative if he or she can give you a better deal. Let them know that you’ve been getting offers in the mail for much lower rates. At most credit card companies,
Economy slows, European financial markets running scared over debt overhang and the US Treasury rating gets downgraded. The end of the result of the financial turmoil is bank rates turning south including CD interest rates, mortgage rates, and Treasury rates. Overall, bank interest rates moved measurably lower over the week.
Futures markets this morning are indicating
The best bank CD rates available nationally were virtually unchanged for the week ending June 7, 2013. While many bank rates bounced around during the week, a week that delivered the widely watched monthly employment report, bank CD rates showed little energy. The average CD rate measured by the SelectCDrates.com CD rate index was bumped
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
Tax-free, or tax-exempt, money funds offer investors the advantage of earning income that is exempt from federal and, in some cases, state taxes. For those investors in higher tax brackets, the after-tax advantage of these funds can be quite significant. Tax-free funds invest in short-term obligations of tax-exempt entities, such as state and municipal authorities.
For investments, liquidity is a measure of how quickly or closely an investment can be converted to cash. Bank checking accounts, savings accounts , short term bank CDs, money market accounts and money market mutual funds are highly liquid investments. Real estate is not very liquid do to the length of time it would take to
An expression given to financial institutions that offers a wide array of financial services in one company. Financial supermarkets can be brokerage companies, savings banks or banks. Most of these institutions will offer checking or checking like products such as money market mutual funds, mutual funds, insurance, bank credit cards, CDs, loans, insurance
You can open as many accounts as you like with your bank. There is no legal limit to the number of checking accounts, money market accounts or CDs you can hold at any one institution.
An increase in the value of one currency relative to another currency. Appreciation occurs when, because of a change in exchange rates, a unit of one currency buys more units of another currency.
An organization employed by a mutual fund to give professional advice on the
fund’s investments and asset management practices.
Bank savings rates and lending rates moved in diverse directions for the week ending October 15th, 2010. Mortgage rates rose at the close of the week. CD rates were predominantly lower. Bank savings account rates and money market rates were unchanged. Credit card rates reversed last week’s rise and ended lower.
The bank upon which a check is drawn.
Economic data coming in slightly worse than forecast has pushed interest rates modestly lower for the last week of February. CD rates and mortgage rates both moved lower on the week with credit card rates and money market rates holding steady.
Data that had an impact on the market included GDP results for the fourth quarter