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To promote the inauguration of the new president a review of the best CD rates in Washington, D.C is fitting. EagleBank is a local community business bank with fifteen offices in Montgomery County, MD, Northern Virginia and Washington, DC. and happens to offer some great CD rates.
EagleBank was founded in 1998 and is based in
Large banks often offer the worst CD rates. The largest US banks are awash in excess reserves. These banks are in little need of new funds since their loan activities are low and their cash on hand is high. Since they have little need for new customer funds in which they would
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.
A mutual fund fee, named for the SEC rule that permits it, used to pay for broker-dealer compensation and other distribution costs. If a fund has a 12b-1 fee, it will be disclosed in the fee table of a fund’s prospectus.
A term that means, by day. Generally used to describe the daily charge of interest on a credit or debit account. Per diem can be used to describe more that just the daily interest.
CD accounts are beneficial for consumers who want to earn higher rates of interest for specific terms. In the quest for the best CD rates in California, a small bank in Mendocino County stands out. The Savings Bank of Mendocino County has been in the banking business since 1903. The bank has a wide variety
Custer Federal opened in March of 1925 in central Nebraska. The bank specializes in commercial lending. Custer Federal Savings and Loan Association has been FDIC insured since March 21, 1935. Custer Federal Savings and Loan Association is chartered as a Savings Association. Therefore the primary regulator is the Office of Thrift Supervision (OTS). As of
Writing a check in an amount that will overdraw the account but making up the deficiency by depositing another check on another bank. For example, mailing a check for the mortgage when your checking account has insufficient funds to cover the check, but counting on receiving and depositing your paycheck before the mortgage company
Newport, Rhode Island is located in an absolutely gorgeous section of New England. Known for being a New England area summer resort and for the famous Newport Mansions. The land and coastline of Newport is unsurpassed in its beauty. A brief trip along the shore and it is easy to see why the mansions of
Audubon Savings Bank is a New Jersey state-chartered mutual savings bank located in Audubon, New Jersey. The bank also operates two branch offices in Mt. Laurel and Pine Hill. Audubon Savings Bank has been operating in New Jersey since 1904.
The bank offers a variety of deposit products for consumers, businesses, and government entities, including checking
Certificates of deposit held by consumers in Kansas continue to be one of the most widely held bank investments. Olpe State Bank is one Kansas based bank has maintained an assortment of savings products for consumers to choose from including FDIC insured CDs. The banks offer a wide variety of CD terms and CD rates
There are two broad, fundamental types of money market mutual funds available to invest in. They are grouped as institutional money market funds and retail money market funds. These two categories are furthered subdivided into taxable and tax-free money market funds. Within the tax free money market fund category, the money market funds can be
A monthly jobs report with 288,000 new jobs is good news for the economy. Good news for the economy means higher demand for goods, upward pressure on prices, increased loan demand, and higher interest rates. Well….most of the time anyway.
The monthly payroll report released on May 2nd was quite a bit stronger than expected. The
The Fed Funds rate is the interest rates that banks loan to one another. It is the rate that banks loan each other to meet Federal Reserve requirements. Some banks will have excess funds to loan out, other banks will need funds to borrow. The Fed Funds Rate is the primary tool
The state known as Old Dominion is home to a bank offering a 4.06% APY on a 21 month term certificate of deposit. Old Dominion is the nick name for Virginia, that an apparently the nick name of Mother of States since eight U.S presidents were born in the state. Virginia is also the home
Securities that are recorded in electronic records, called book entries, rather than as paper certificates. Ownership of U.S. government book-entry securities is transferred over Fedwire.
Natchitoches, Louisiana is location for the main office of City Bank & Trust Company. Natchitoches is an original French colony in Louisiana, established in 1714 as part of French Louisiana. The community was named after the Natchitoches Indian tribe. It is the oldest permanent settlement in the Louisiana Purchase territory. It is also well known
Bank of Utah is a Utah based bank that was established in 1952. Bank of Utah provides a number of financial services in the northern area of Utah. The bank offers personal banking, business banking, home lending, and trust services.
Bank of Utah offers a number of savings options for consumers in the market region served
A certificate of deposit whose interest is not paid out over time, but is sold at a discount to its face value or where interest is paid at one lump sum when the CD matures.
The wait is over for government funding at GMAC. The Treasury announced that they will in fact, inject capital into GMAC. The Treasury stated they will purchase $5 billion in senior preferred equity with an 8% dividend from GMAC LLC.
The Treasury’s approval ends weeks of uncertainty over the fate of GMAC. Earlier last week, the