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I Bonds are a low-risk savings product sold by the U.S. Treasury as either a paper bond at a financial institution or as an electronic product in the TreasuryDirect section of savingsbonds.gov website. The bonds are similar to other Treasury bonds but these bonds are inflation linked savings bonds and the interest rate paid
Rates moved up by just a hair ahead of the extended three day weekend in October. Mortgage rates, Treasury rates, CD rates, and money market rates all moved higher on the week leading up to the Columbus Day holiday weekend. While interest rates were higher across a wide spectrum of lending and savings products, the
CalFirst Bank, based in California, has new promotion on their short term certificates of deposit. The new CD rate promotion boost Calfirst to the top of the list for the highest yielding short term CD rates available nationwide. The CD rate promotion is for the three month and six month term certificates that are available
US Bank is advertising some of the best CD rates currently available for specific terms. US Bank markets a variety of bank CDs including standard certificates of deposit and Individual Retirement Account (IRA) certificates of deposit and promotional online bank CDs.
US Bank standard bank CDs are fairly competitive among the large US banks but the
Federal law stipulates that all time certificates of deposit (CD) that are cashed out early are subject to a minimum penalty. If you withdraw an amount within the first six days after deposit, the penalty consists of at least seven days’ simple interest. Other than that, national banks can set their own penalties;
Keep in mind that the health of the economy in general dictates what the level of competitive interest rates will be, and that in turn influences what the best CD rates will be. In a volatile or fluctuating economic environment, a certificate of deposit investor needs to decide whether or not they should lock their money up for
The key news for today is the monthly CPI or inflation figures produced by the Bureau of Labor Statistics within the U.S. Department of Labor. Today’s announcement showed that the CPI increased by 0.4% for the month of August. Without the volatile food and energy component, the CPI increased by 0.1%. For July, the aggregate
A penalty imposed on a borrower for repaying the loan before its due date. In the case of a mortgage, this applies when there is not a prepayment clause in the mortgage note to offset the penalty.
Freedom National Bank is a community bank serving Northern and Northwest Rhode Island. Freedom National Bank was established on November 29, 2001 and has been FDIC insured since that time. The bank is chartered as a National Bank. Therefore the primary regulator is the Office of the Comptroller of the Currency (OCC). As of September
Bank CD rates, mortgage rates and credit card rates moved lower for the week ending May 5th, 2012. All bank savings rates and lending rates moved down with the exception of bank savings accounts which displayed a minor uptick on the week. Week economic data released during the week along with the growing debt problems
An amount paid back because of an overpayment or because of the return of an item previously sold.
The billing summary produced and mailed at specified intervals, usually monthly.
The term “monetary policy” refers to what the Federal Reserve, the nation’s central bank, does to influence the amount of money and credit in the U.S. economy. What happens to money and credit affects interest rates or the cost of credit and the performance of the U.S. economy.
The market in which corporate equity and longer-term debt securities, those maturing in more than one year, are issued and traded.
A rate of increase in the general price level of all goods and services. This should not be confused with increases in the prices of specific goods relative to the prices of other goods.
The Federal Reserve System is the central bank of the United States. The Fed was created by an act of Congress in 1913. The basis of this creation was to create a government entity directed with the responsibility to foster a sound banking system and a healthy economy. The Federal Reserve System
Community Bank was established in 1994 when a group of local business people purchased El Pueblo State Bank in Espanola. El Pueblo State Bank had been chartered in New Mexico since 1973. The first official “Community Bank” offices opened in 1995. In 1999, bank offices were added in Albuquerque, Los Alamos, and at the Wal-Mart
First Eagle Bank of Illinois is an independent full service bank serving the needs of the community with two bank branch locations. The bank’s two locations are in Chicago and one in Hanover Park, Illinois. The bank was founded in 1985. As of September 30, 2008 the bank had assets of $329,114,016.00, deposits of $290,227,538.00
Farmers National Bank is offering some of the best CD rates on the long end, 5 year CD term. Farmers National Bank is an independently owned Kansas bank that has been operating since 1886. Farmers National Bank offers personal and commercial banking services. Farmers National Bank is independently owned by Farmers National Bancshares Inc. a
Audubon Savings Bank is a New Jersey state chartered mutual savings bank. Audubon Savings Bank was established on January 1, 1904. The bank has been FDIC insured since July 3, 1972. Audubon Savings Bank is chartered as a FDIC Savings Bank. Therefore the primary regulator is the Federal Deposit Insurance Corporation (FDIC).
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