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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
The missile strike on a Malaysian airliner in Ukraine and the invasion of Gaza by the Israeli military sent a jolt through the financial markets this past week. Geopolitical tensions impacted the interest rate markets and the stock markets as one might expect the events unfolded along the Ukraine – Russian border and the Middle
The day after Thanksgiving we find an Ad for Heritage Community Bank in Illinois promoting its one-year CD rate. Heritage Community Bank is offering this one year CD rate at 4.05% APY. In order to obtain this bank’s high CD rate; a minimum deposit of $2,000.00 is required. Heritage community bank was founded in 1917
Citigroup Inc. will be receiving more funds from the U.S government and guarantees on certain losses. The bank made an agreement with the U.S. Treasury, the Federal Reserve Board, and the Federal Deposit Insurance Corp. (FDIC) on a series of steps to strengthen Citigroup capital ratios, reduce risk, and increase liquidity.
A press release by the
Special purposes savings accounts that normally pay interest, use passbook ledgers, and have a short term designated maturity time. The most common club account is a Christmas club.
Yes. Your bank may still hold the funds per its funds availability policy. Or it may have placed an exception hold on the deposit. In many cases, if you know that the funds have been released by the paying bank, give this information to your bank and request an early release of
The Federal Reserve had cut the U.S. Fed Funds target interest rate to 1.00%. The Bank of England on Nov. 6th made a somewhat surprise reduction in its interest rate to 3.00% from 4.50%. That same day, the European Central Bank reduced its interest rate .50% to 3.25%. The storyline of continued rate cuts was
Don’t be in the habit of thinking of your credit card as a loan. It’s a convenience. Pay all credit card balances in full each month. Leaving a balance on a credit card account will leave you susceptible to a very high interest rate or APR. It’s like throwing money away. Extra interest charges and
Consumer prices moved higher with a year over year increase of 2.7 percent and the Philadelphia Federal Reserve Bank President, Charles Plosser, commented that the Fed may have to raise rates if the economy continues expand. Yet, bank interest rates moved decidedly lower for the week. While the tea leaves appear to be
Having been in bushiness since 1886, Peoples Trust Company has provided bank deposit and loan products to generations of families and businesses in Vermont. The Peoples Trust Company was founded by an Act of the General Assembly of the State of Vermont on November 18, 1886. Peoples Trust Company has an array of deposit and
The FDIC insures individual bank accounts up to $100,000.00. The present change to $250,000.00 is set to expire on December 2009 thus making the coverage of little value for bank CDs that have a term running past the end of 2009. It is possible to have significantly more funds insured by holding insured accounts in more than one
The jury may still be deliberating on whether the U.S. economy is in full blown expansion mode or stuck in stasis but, the divergence between CD rates and mortgage rates paints a picture of an expanding economy.
This past week, interest rates were mostly lower across a wide spectrum of fixed income products. Lower rates were
CD interest rates took a pretty big fall this past week. Economic uncertainty combined with government debt problems in the U.S. and in Europe is the biggest dynamic influencing the direction of interest rates. Based on the most recent economic figures and Fed statements, a slow economy looks to be in the forecast for some
California General Bank N.A. is an independent commercial bank based in Pasadena, California. The bank was established on March 9, 2009. California General Bank, N.A. has been FDIC insured since March 9, 2009. The bank is chartered as a National Bank and therefore the primary regulator is the Office of the Comptroller of the Currency
With few exceptions, mortgage rates were higher on the week as were the rates on Treasury bills, notes and bonds. Although Treasury securities and mortgage backed securities traded in a fairly narrow range over the week, the interest rate changes were almost entirely to the upside. In contrast to these higher interest rates, CD interest
The home state to the NFL playoff bound Cardinals, Arizona, is home to some great opportunities for investing in bank CDs. FirstBank of Arizona is one bank in the Cardinals backyard that promotes top yielding CDs. FirstBank of Arizona is not only home to some of the highest CD rates in the state but the
The Bank of Holly Springs opened its doors back in1869. The bank has five bank branches servicing the communities surrounding historic Holly Springs, Mississippi. The Bank of Holly Springs provides consumer bank products such as checking, savings, money market accounts and CDs. The bank has 24 telephone banking services as well as internet banking services.
Surprisingly positive jobs numbers released on Friday pushed long term interest rates higher. Friday’s stronger than expected employment data was disappointing for mortgage borrowers with mortgage rates jumping higher immediately following the release and was also detrimental for CD investors with bank CD rates moving in the opposite direction and closing lower on the week.
CD interest rates declined just marginally for the week ending June 3, 2011. The Selectcdrates.com composite index which covers the highest three month CD rates, six month CD rates, one year CD rates, two year CD rates and five year CD rates descended by just .002 percent on the week. The index now
This bank has almost $3.5 billion in assets and is based in one of the most productive agricultural states in the American Heartland. A bank that survived the Great Depression, cattle drives from Texas and earned a net income of $77,288,000 during one of the worst years in U.S banking history. This bank ended 2008