Rates Current as of Thursday February 09, 2012

Wall Street Journal Prime Rate

The Wall Street Journal surveys large banks and publishes the consensus prime rate. It’s the most widely quoted measure of the prime rate, which is a common benchmark for consumer and business loans set by banks, often at a level 3 percentage points higher than the federal funds rate. The prime rate will move up or down in lock step with changes by the Federal Reserve Board

This entry was posted on Saturday, October 11th, 2008 at 4:48 pm and is filed under Glossary. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.

No user commented in " Wall Street Journal Prime Rate "

Follow-up comment rss or Leave a Trackback

Similiar Content You Might Enjoy

New Bank Account in Illinois

The November 23, 2008 Chicago Sun-Times holds an ad by Bridgeview Bank promoting a new style bank account. The copy in the body of the bank ad reads, “Introducing a new way to think about how you bank, save and spend money”. The bank account offers a 4.00% interest rate that allows deposit and withdrawal

What if I problem with my account at my bank?

First, try to resolve your problem with the bank. Address your complaint in writing with any supporting facts. If the outcome is less than satisfactory, search for the state agency that handles oversight of financial institutions. If this does not help, you can file complaint with the Federal Reserve. The Federal

Be Mindful of Bank Debit Cards and Overdraft Fees

If you maintain a low average balance in your primary checking account, be careful when you use your check card or debit card frequently. Just because the card it works doesn’t mean there is sufficient funds in the account. You can still overdraw your checking account, be cautious when you know your funds are low.

Closing Costs

The expenses incurred by sellers and buyers in transferring ownership in real property. The costs of closing may include the origination fee, discount points, attorneys’ fees, loan fees, title search and insurance, survey charge, recordation fees, and the credit report charge.

Home Equity Loan

A home equity loan allows you to tap into your home’s built-up equity, which is the difference between the amount that your home could be sold for and the amount that you still owe. Homeowners often use a home-equity loan for home improvements, to pay for a new car, or to finance their child’s

The Money Market Mutual Fund Prospectus and Shareholder Reports

All mutual funds are highly regulated by the federal government through the U.S. Securities and Exchange Commission (SEC). To protect investors, Federal law requires that all funds provide two types of documents to current and potential investors free of charge, a prospectus and a shareholder report. Most all of the information needed to evaluate a fund

Since some credit unions offer some very attractive savings and loan rates, what does it take to become a credit union member?

Membership depends on the individual credit union. Credit unions are still required to limit membership to people who have a common bond. Geography, a common employer, a common group, or something similar can determine the bond.

Custodian

An organization, usually a bank, that holds the securities and other assets of a mutual fund.

Certificate of Deposit Rates November 27, 2009

Bank certificate of deposit rates were lower on all maturities for the week ending November 27, 2009. CD interest rate reductions for the average of the best bank rates were relatively modest, albeit from relatively low current yields. The long term bank CD rates, five year term CDs, as well as well as the short

Collected Funds

Cash deposits or checks that have been presented for payment and for which payment has been received.

CD Rates and Mortgage Rates and More August 29, 2011

CD rates and mortgage rates were mostly higher for the week ending August 26, 2011. The rate increase for home mortgages was quite pervasive, covering almost all home loan terms, while the interest rate increases in bank CDs was sporadic across different maturities. The average CD interest rate, as measured by the Selectcdrates.com composite CD rate

Canceled Check

A check that a bank has paid, charged to the account holder’s account, and then endorsed. Once canceled, a check is no longer negotiable.

Market Interest Rates

Rates of interest paid on deposits and other investments, determined by the interaction of the supply of and demand for funds in financial markets.

Bank of American Fork Bank CD Rates

Bank of American Fork is a locally owned and operated financial institution based in American Fork, Utah. The bank has 12 bank branches in the region including Highland, Orem, Lehi, Pleasant Grove and Spanish Fork, Salt Lake Valley, Draper, Sandy, Murray, and Riverton Utah. Bank of American Fork opened in 1913 in Utah and has

Another Fed Cut, Which Way CD Rates

The Federal Reserve lowered short-term interest rates a half-point this week. The benchmark federal-funds rate now stands at 1%. The Federal Reserve and other central banks have been injecting liquidity into the financial system to keep funds available and ease credit constraints. While some areas of the financial markets have shown improvement, credit is still

Spreads Between the Best CD Rates and National CD Rates

As a result of the present market conditions for bank operations, the spread between the best and worst interest rates among banks has been elevated. The best CD rates are frequently double the national average CD rates. During these times it is often the most rewarding opportunity to switch bank account. Compare both the best

Bank CD Rates at Twin River National Bank

Twin River National Bank was established on November 15, 1979. The bank has been FDIC insured since that time. Twin River National Bank is chartered as a National Bank. The primary regulator is the Office of the Comptroller of the Currency. The bank has assets of approximately $52,157,000 at the end of 2008 and net

Federal Reserve System

The central bank of the United States, created by Congress and made up of a seven-member Board of Governors in Washington, DC, twelve regional Federal Reserve Banks, and their twenty-five Branches.

Should my wife and I have more than one checking account?

Generally it is much easier to budget and save with only one primary bank account for bill paying. It certainly not recommended that spouses keep separate accounts just to pay bills. However, as long as the accounts do not have duplicated fees where there is an actual cost to you to maintain another

Insufficient Funds

A term used to indicate that an account balance does not have enough available funds to cover a check that has been written and presented for payment.

CD Rate Updates

CD Interest Rates Mildly Lower January 30, 2012

In the most recent survey of bank CD rates conducted by Selectcdrates.com, CD rates slumped slightly compounding last week’s similar dip. The average yield on the Selectcdrates.com CD rate index moved down to 1.081 percent from an average rate of 1.087 percent found in the previous rate survey. The Selectcdrates.com index covers the top ten [...]

CD Interest Rates Hold Steady January 23, 2012

CD rates remained relatively stable in the most recent survey of the top national CD rates. The average CD rate, as measured by the rates on the best three month, six month, one year, two year and five year CD rates, was unchanged from the previous week. The Selectcdrates.com weekly CD rate survey showed the [...]

CD Interest Rates Display Little Change January 16, 2012

The best CD interest rates available were little changed over the past week. Based on the most recent survey of bank CD rates performed by Selectcdrates.com, the average CD rate gave up less than one basis point or 1/100th of a percent week over week. The average CD rate on the highest three month CDs, [...]

Banking & CD FAQs

Who sets the interest rates on savings accounts?

A national bank is a private business. Generally, it sets its own interest rates on savings accounts. If you feel that your bank does not pay an adequate interest rate, shop around—and purchase your financial services accordingly.

I just took a job teaching at a university that has a credit union and have been urged to join. What are the benefits for me?

Credit Unions don’t have the full range of services that a bank may have, but that’s a good thing. By having lower costs credit unions are able to charge lower rates for loans and pay higher rates on deposits. If you are thinking of buying a home or a car in your new

I am buying an expensive item from someone several hundred miles away and need to send them a substantial amount of money. Do I use a money order or a certified check or a cashier’s check?

That depends upon how much you are paying. Most people and businesses prefer a money order or a cashier’s check, because you buy those from the bank, and the person is paid with the bank’s money, not yours. A certified check is as liquid as a cashiers check, meaning the check should be

Why would someone put his or her money into a money market mutual fund?

A money market mutual fund pays a comparatively high yield for a very secure investment. Money market mutual funds are ranked just slightly higher than FDIC insured bank products on overall risk factors and money market mutual funds usually pay a slighter yield than bank products. Money market mutual funds often give the

Best Rates on CDs
Best Interest Checking Account Rates

Discover Bank IRA CD Rates

Emigrant Direct
Sallie Mae Savings

Bank Deals
Checking Account Promotions
Chase Bank Promotions Bank of America Promotions
Capital One Promotions
Citibank Promotion

Second Chance Bank Account
Online Checking Accounts Roth IRA Accounts

Best Credit Card Rates Low Interest Credit Cards Business Credit Cards Credit Cards with Cash Back Credit Card Applications
Best Credit Card Offers
Low Interest Rate Credit Cards
Credit Cards for Bad Credit

Best Prepaid Cards
Chase Bank Credit Cards
Chase Credit Card Offer Chase Freedom Card
Chase Credit Card Interest Rates
Wells Credit Cards
Apply for Citibank Credit Card
Citicreditcard
Student Citi Card
Citibank Dividend Card Balance Transfer Credit Card HSBC Bank Household Bank Credit Card

Personal Checking Account
Bank Certificates of Deposit
Compare Savings Accounts
Setting Up a Bank Account Online Bank Services
Bank Information
Open a Bank Account
Bank Money Markets
Bank IRA Accounts

Mobile Banking Online Banking

CD Ladder
CD Loan

Best Checking Accounts

Senior Checking Account

Car Loan Rate

Business Checking

Online Brokers

----------Calculators ---------

Savings Account Calculator
Compound Interest Calculator
Mortgage Payment Calculator

About Us | Contact Us | Privacy Policy

Wall Street Journal Prime Rate

No user commented in " Wall Street Journal Prime Rate "

Leave A Reply

CD Rate Updates

Banking & CD FAQs

Bank & CD Tips