Rates Current as of Thursday September 02, 2010

« If a person is added to someone’s checking account are they both responsible for an overdraft?

What is the difference between a personal check and a cashier’s check?

Cashier’s checks or Money Orders are certified checks because you must have cash to purchase these negotiable items, and these items are often insured by the issuing bank. Personal checks are not certified funds.

This entry was posted on Saturday, October 11th, 2008 at 9:03 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 is the difference between a personal check and a cashier’s check? "

Follow-up comment rss or Leave a Trackback

Similiar Content You Might Enjoy

Peoples Federal Savings Bank CD Rates

Peoples Federal Savings Bank was founded over 75 years ago in 1925 in Auburn, Indiana. The bank has nine branches in 8 communities of northeastern Indiana and now has 15 offices total in Northern Indiana and Southern Michigan. Peoples Federal Savings Bank is chartered as a Savings Association and therefore the primary regulator is the

Money Market Fund Safety and Regulations

Before investing in a money market fund, an investor should carefully read all of the fund’s available information, including its prospectus, or profile if the fund has one, and its most recent shareholder report. A mutual fund’s prospectus explains to potential investors the fund’s investment objective. The investment objective describes the types of securities the

I deposited a third-party check and spent some of the funds. My bank has now informed me that this check was insufficient and that I am liable for the entire amount. Is this correct?

Depending on the circumstances and your State’s laws, you may be held responsible for the entire amount of the check that you cash at the bank or deposit into your account. If your bank credited your account for a check that was later found to be insufficient, the bank can reverse the funds. As the

How can I tell if the routing number on a check is valid?

Routing numbers are the nine digit numbers also know as an ABA number that is found on the bottom of check next to you account number. This identifies the bank and the region where the checks are cleared. If the routing number is valid, this does not mean the check is valid.

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

Where the Top CD Rates Are

With bank rates and CD rates dropping many investors are paying little attention to where there short term funds or safe and secure funds are being invested. Evidence of this clear by looking at the size of the holdings in certificates of deposit at the largest US banks. A sample of Bank of

Inflationary Expectations

The rate of increase in the general price level anticipated by the public in the period ahead.

Commercial Bank

A financial institution that provides a broad range of services, from checking and savings accounts to business loans and credit cards. Commercial banks are different from investment banking firms, such as brokerage firms, which generally are involved in arranging for the sale of corporate or municipal securities.

Fair and Accurate Credit Transactions Act of 2003

(FACT Act or FACTA) The purpose of this Act is to help consumers protect their credit identities and recover from identity theft. One of the key provisions of this Act is that consumers can request and obtain a free credit report once every 12 months from each of the three nationwide consumer credit reporting companies

Bank CD Interest Rates at Cumberland Security Bank Kentucky

Bank CD rates are as competitive in Kentucky as they are in the more populated states. One bank in Kentucky that offers competitive CD interest rates as long with a host of other consumer products and services is Cumberland Security Bank. Cumberland Security Bank offers personal and commercial banking services in their four bank branches found

Virginia CD Rates at EVB Bank

EVB Bank is an independent, full-service community bank located in Tappahannock, VA. The bank provides a wide range of financial products and services for personal and business banking including competitive Virginia CD rates. The bank offers standard retail bank services and products such as checking accounts and savings accounts, money market accounts, CDs, IRAs, and

Short Term and Long Term Investments

If you want to lower the overall risk of your investment portfolio, you will want to consider the benefits of spreading your funds among a number of different investment classes. Assess where your savings and investments are now. Utilize the resource you have to maximize your diversification in not only your long term investments but

CD Rates New York with Rondout Savings Bank

Rondout Savings Bank is a New York bank that offers personal and commercial banking services. Rondout Savings Bank has been producing strong earnings, maintaining a solid capital base and engaging in sound loan decision making for more than 140 years. Rondout Savings Bank was founded in 1868 and is based in Kingston, New York. The bank

Stonebridge Bank Pennsylvania, November 23rd, 2008

Reading the Philadelphia Inquirer we come across an ad by Stonebridge bank offering the best 14 month CD rate in Pennsylvania. In the ad Stonebridge Bank is presenting a 14 month CD with an interest rate of 4.25%. Not only is it the best 14 month rate but it is also the best CD rate

Choosing Money Market Mutual Funds

Mutual funds can offer the advantages of liquidity, diversification, professional management and a competitive rate of return. A money market fund investment can help an investor reach their financial goals whether they are short term goals or long term, but as with many other types of investments, investing in mutual funds involves some level of

Bank Statement

A record of a customers account that is issued periodically showing all transactions during that period. It shows all deposits made, all checks paid, and other debits posted during the period, usually one month, as well as the current balance.

Load Fund

A fund that imposes a one-time fee, either when fund shares are purchased (front-end load) or redeemed (back-end load), or a fund that charges a 12b-1 fee greater than 0.25 percent.

Treasury Inflation Protected Securities (TIPS)

Treasury Inflation Protected Securities (TIPS) are marketable Treasury securities whose principal and interest payments are adjusted for inflation. Competitive bidding at auction sets the security’s fixed interest (or coupon) rate. Like all marketable U.S. Treasury securities, TIPS are backed by the full faith and credit of the United States. Interest payments on TIPS are made semiannually.

The Fort Jennings State Bank CD Rates

The Fort Jennings State Bank is an independent community bank located in Fort Jennings, Ohio. The bank was established on January 1, 1918 and has been FDIC insured since January 1, 1934. The Fort Jennings State Bank is chartered as a Federal Reserve Non-member; the primary regulator is the Federal Deposit Insurance Corporation (FDIC). The

Why Floating Checks Has Become More Difficult

Not so long ago if people knew they were about to be coming into some money yet they needed to pay a bill right now, they could do what is known as “floating” a check. This involves writing a check when there actually isn’t enough money to cover the balance, at least at the

CD Rate Updates

CD Interest Rates Continue to Fall July 19, 2010

National certificate of deposit rates once again moved lower for the week ending July 16, 2010. According to the most recent survey of bank CD rates performed by Selectcdrates.com, CD interest rates were lower for three of the five CD maturities measured and remained unchanged for the remaining two terms.
The average of the top [...]

Bank CD Interest Rates June 21, 2010

Certificate of deposit interest rates were just fractionally lower for the week ending June 18, 2010 based on the survey of bank CD rates performed by Selectcdrates.com. National CD rates for the three month, six month and two year maturities ended the week unchanged from the prior week. The one year and five [...]

Bank Certificate of Deposit Rates June 14, 2010

Certificate of deposit interest rates ended the week on June 11th with mixed results across the various maturities. The average yield for the five year CD rates ended with a gain on the week while the six month and one year term CDs remained unchanged. Unfortunately, the average rate on the top ten [...]

Banking & CD FAQs

What is the difference between a credit union and a bank?

A bank is a fro profit institution. They provide loans, clear checks, hold deposits and related financial services. Credit unions perform similar functions but are organized as non-profit entities. The services it provides are to its members, which by law must share a common bond or affiliation.

Can someone increase their FDIC covered CDs by holding accounts at different banks?

Yes, FDIC insures each account holders deposits separately from any deposits at another FDIC insured bank. If the bank is a branch or an internet division of the same banking institution, the accounts are considered insured at the one bank and the deposits are not insured separately.

What are some reasons why a bank would prevent someone from opening a checking account?

If a prospective account holder has had a bad credit history pertaining to bank accounts this may prevent you from opening a new account. Mishandling bank accounts is the primary reason one may be denied a new bank account. Most banks check the background of new account holders to see if they had

What is the FDIC insurance amount?

The basic insurance amount is $100,000 per depositor, per insured bank. This includes principal and accrued interest up to a total of $100,000. The $100,000 amount applies to all depositors of an insured bank except for owners of certain retirement accounts, which are insured up to $250,000 per owner, per insured bank. Deposits in separate

About Us | Contact Us

What is the difference between a personal check and a cashier’s check?

No user commented in " What is the difference between a personal check and a cashier’s check? "

Leave A Reply

CD Rate Updates

Banking & CD FAQs

Bank & CD Tips