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The FDIC’s two week bank closing rampage has driven the number of banks closed this year to over 100. Seven banks were closed by the FDIC on Friday July 23, 2010. This follows the six banks the FDIC shuttered in the previous week and brings the annual total of bank closings up to
Oneida Savings is a full-service, stock savings bank operating eight Central New York Bank branches. The bank has been serving Central New York since 1866. The bank offers a whole host of savings products including standard savings accounts, interest bearing checking accounts, NOW, and money market accounts, as well as IRAs and CDs. It specializes
The best certificate of deposit rates had mixed results for the week ending October 16, 2009. Shorter term CD rates rose along with long term CD rates while the midterm rates pushed lower.
The best six month CD rates gained ground with the average yield moving higher by the close of the week. The average of
Lakeside Bank, the ninth largest bank based in Chicago, has a new certificate of deposit promotion on their short term CD account. The promotional CD has an odd term, eight month term to maturity. Lakeside is offering a rate of return on this CD account that is more than five times the national average rate
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.
Sitting at the crossroads in Georgia is the Bank of Perry. Perry Georgia is a community recognized as the crossroads of Georgia because of its location at the intersection of Highways US 341, US 41, GA 127, and I-75. It is a beautiful community with practically no traffic jams, affordable living, relaxing environment, a slower
The Nov. 14th, 2008 issue of the Star-Tribune runs an advertisement by Home Federal Savings Bank. Home Federal is publicizing their 9 month CD and 21 month CD. The interest rates are 3.00% on the 9 month CD and 3.75% on the 21 month CD. The minimum deposit to receive that yield on both bank
Interest rates were nudged gradually higher last week after Fed Chair Janet Yellen gave testimony to Congress on November 4th. The testimony was before the Committee on Financial Services regarding the Federal Reserve’s policies on regulation and supervision of financial institutions but the testimony was peppered with comments about the possibility of Fed rate increase
Finding certificate of deposit rates above 4.00% has become increasing more difficult. In Louisiana, one bank is offering a yield in excess of 4.00% on a several different term CDs. Crescent Bank & Trust offers some of the highest CD rates along all maturities in Louisiana. The interest rates offered in the categories of one
State Farm Bank offers competitive interest rates on many of their consumer banking products. Today, in the Fort Worth Star-Telegram, the bank has a full display ad promoting their many savings products. The ad includes the rates on the banks savings, money market accounts and CDs.
The savings rates for the bank are tiered based on
Prime rate is a term applied to a reference an interest rate that is utilized by banks and financial institutions for lending purposes.
The prime rate was a term originally used to identify the rate at which banks lend to their best and most favored customers, though this is no longer the case in general.
Federal law stipulates that all time certificates of deposit (CDs) 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 minimum requirement, national banks can set their
The Nov. 6, 2008 issue of the Orange County Register has an ad from Affinity Bank displaying their offer for a 7 month CD at a 4.00% interest rate. The minimum deposit for this account is $10,000.00. Affinity Bank can be reached at 800-489-2194. The website is www.affinitybank.com. Affinity bank has 10 branch locations in
There was no change in the best CD interest rates this week. The SelectCDrates.com index that measures the highest CD rates for the three month, six month, one year, two year and five year maturities remained at 1.099 percent for the last week of the year. The weekly CD rate survey showed that the composite
A specialist employed by a mutual fund’s adviser to invest the fund’s assets in accordance with predetermined investment objectives.
Bank of Southern California is running a new CD rate promotion for customers in Southern California. The bank CD is for an odd term, 13 month certificate with two distinct rate tiers. Customers that deposit between $5,000.00 and $99,999.00 will receive a rate of 1.19% on the CD and an annual percentage yield of 1.20%.
Finding high yield CD rates in California is becoming harder and harder and many CD rate shoppers simply review the CD interest rates promoted by the largest banks in the region to invest their funds. Unfortunately for many of these investors and savers they may be missing higher rate opportunities with regional and smaller
A loan made by a lender to a borrower for the financing of real property.
Renewed financial trouble brewing in Europe, the government sequester spending cuts impact on the economy, slow growth in China, it’s just not clear what news in the market brought a rush of money into fixed income assets that has driven prices higher and interest rates lower last week. The end result is clear, lower mortgage
Research done to measure and understand the characteristics of a given market.