Rates Current as of Friday February 10, 2012

“Breaking the buck” occurs when a money market fund is unable to repay its $1.00 NAV per share. Since Rule 2a-7 was adopted in 1983, only once has a money market fund failed to repay the full principal amount of its shareholders’ investments. In that case, a small institutional money market fund in 1994 “broke the buck,” paying investors $0.96 per share.

This entry was posted on Saturday, October 11th, 2008 at 9:02 pm and is filed under FAQs. 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 " What does it mean to “break the buck” and has a money market fund ever done that? "

Follow-up comment rss or Leave a Trackback

Similiar Content You Might Enjoy

Currency Depreciation

A decline in the value of one currency relative to another currency. Depreciation occurs when, because of a change in exchange rates, a unit of one currency buys fewer units of another currency.

Bankers Bank

A depository institution organized and owned by other banks to do business with only banks. These banks do not accept deposits from consumers or make loans to the general public.

What is electronic check conversion?

Electronic check conversion is a process in which your check is used as a source of information–for the check number, your account number, and the number that identifies your financial institution. The information is then used to make a one-time electronic payment from your account, an electronic fund transfer. The check itself is

Credit Crunch and CD Rates

As the credit crisis continues, banks continue to either increase the rates being offered on certificates of deposit or maintaining the high CD rates already being marketed. During this time of financial upheaval these interest rates are making certificates of deposit a very competitive location to store money for customers looking for safety with a

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

Five Star Bank CD Rates in California

Five Star Bank is engaged in predominantly commercial banking services to business owners, professionals, real estate investors, and individuals in California. The bank was founded in 1999 and is based in Rocklin, California. Five Star Bank is located in the Great Central Valley, with four locations to serve their customers. The bank has branches in

California CD Rates at Savings Bank of Mendocino County

Savings Bank of Mendocino County is a California based bank. The bank was founded in 1903 and is based in Ukiah. The bank offers personal and commercial banking services in the region. California Saving Bank of Mendocino County has 9 bank branches through out California. Since its inception in 1903, the Savings Bank has been serving

Producer Prices Drop 2.2 Percent November

The Bureau of Labor Statistics of the U.S. Department of Labor released the November producer price report for November of 2008. The Producer Price Index for Finished Goods fell 2.2 percent in November, 2008. This decline followed decreases of 2.8 percent in October and 0.4 percent in September. Energy prices dropped 11.2 percent, this came

Wyoming CD Rates at Big Horn Federal

Big Horn Federal Savings Bank, a $165 million financial institution headquartered in Greybull, Wyoming. The bank has six bank branch locations in the northwestern part of the state and has been in operation for 73 years. Big Horn Federal has provided residents of the Big Horn Basin with two essential services: a safe place for

Types of Money Market Mutual Funds

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

Idaho Bank CD Rates, Home Federal Bank

Headquartered in Nampa, Idaho, Home Federal Bank operates a total of 15 branches, including five full service locations inside Wal-Mart branches throughout the Treasure Valley. Home Federal Bank opened their doors in 1920. Home Federal Bancorp, Inc. is a Maryland corporation headquartered in Nampa, Idaho, and is the holding company of Home Federal Bank. The

Escrow Funds

Funds held in reserve by a mortgage company to pay taxes, insurance, and other mortgage-related items when due. Can also refer to money, property, a deed or a bond placed in the custody of a third party for delivery to a recipient only when the recipient has fulfilled specified conditions.

Tip #17

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,

Office of Thrift Supervision – OTS

A bureau of the Treasury Department established in August 1989. OTS has the authority to charter federal Thrift Institutions and serves as the primary regulator of approximately 2,000 federal and state chartered thrifts.

Great Short Term CD Rates with Hudson City Savings Bank

Hudson City Savings Bank offers a 5 month CD with interest rate of 3.68% and an APY of 3.75%. There is a minimum deposit of $500.00 must be maintained to receive posted rate of interest. Hudson City Savings Bank has over $51 billion in assets and over 125 branches in New Jersey, New York and

Florida Bank Rates and CD Rates at Central Bank

Central Bank is a local community bank located in Hillsborough County, Florida. As a local community bank, Central Bank’s goal is to serve the community, its people and local businesses. The bank offers an array of savings products for consumers from their one location in Tampa. Central Bank CDs are available in a variety of terms.

CD Interest Rates, Mortgage Rates and Credit Card Rates February 21, 2011

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

CD Interest Rates Sept. 4, 2009 – Deteriorating at a Slower Pace is Not a Recovery

Steve Leesman from CNBC has the quote of the day when he refers to the jobs report as, “a sea of lesser negatives”. First, the close of Thursday saw the bond market drop slightly with rising yields mostly due to the first increase in four days for the stock market. The six month Treasury rate ticked

GMAC Gets TARP Money

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

PA Mortgage Rates at First National Bank of PA

First National Bank of Pennsylvania offers several different mortgage loan programs in Pennsylvania and Ohio. First National Bank of Pennsylvania is the fourth largest bank based in Pennsylvania and operates over 230 community bank locations throughout Pennsylvania and in eastern Ohio. First National Bank of Pennsylvania branches are located throughout Pennsylvania making in branch loan applications

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 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

How should I respond if I receive an unsolicited bank offer over the phone and they asked for personal information to open an account and I had not previously inquired about opening an account?

Never provide any personal or financial information in response to an e-mail or telephone call. If you have done so, consider closing any accounts that may be at risk. You may also want to contact one of the three major credit bureaus to fraud alert notification on your reports.

What is electronic check conversion?

Is money placed in a bank considered investing?

Absolutely. Good financial planning means establishing savings and investments that increase your assets and manage risk. Bank products are certainly a component of that formula. Long term investing requires measuring risk and reward to not only increase your returns on the capital you have but to preserve it as well. There

What Are Reserve Requirements?

Reserve requirements are the percentage of deposits that depository institutions must hold in reserve and not lend out. Banks and other depository institutions (savings institutions, credit unions, and foreign banking entities) are required to hold a portion of their deposits as reserves. Depository institutions may hold reserves either as vault cash or as

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

What does it mean to “break the buck” and has a money market fund ever done that?

No user commented in " What does it mean to “break the buck” and has a money market fund ever done that? "

Leave A Reply

CD Rate Updates

Banking & CD FAQs

Bank & CD Tips