Rates Current as of Thursday February 09, 2012

Zero Coupon CD

A certificate of deposit whose interest is not paid out over time, but is sold at a discount to its face value or where interest is paid at one lump sum when the CD matures.

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Creditor

One who is owed money.

CD Rates Change with the Health of the Economy

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

Grantor

The seller or giver of property or of a right. For example, the seller of real estate is the grantor of the deed.

CD Rates in California with Small Local Banks

CD accounts are beneficial for consumers who want to earn higher rates of interest for specific terms. In the quest for the best CD rates in California, a small bank in Mendocino County stands out. The Savings Bank of Mendocino County has been in the banking business since 1903. The bank has a wide variety

ATM Cards

An ATM card is a plastic card that looks like a credit card. It allows you to do the same things at a bank machine or Automatic Teller Machine (ATM) as you would at the bank itself. Most banks and other financial institutions like credit unions offer ATM cards. They are usually connected to your

More CD Rates in Vegas

Meadows Bank is Nevada based bank. Meadows Bank has one location right in Las Vegas, Nevada. The bank offers products and services customized to meets customers’ financial needs. Meadows Banks has a local relationship based approach to banking focuses on making decisions on accounts locally for its customers. The bank offers checking, savings, CDs, money

Savings and Loan Association – S&L

A state or federally chartered depository financial institution that was primarily a provider of home mortgages but since deregulation in the 1980’s to offer services similar to a commercial bank.

Annuity

A life insurance contract sold by insurance companies, brokers, and other financial institutions. It is usually sold as a retirement investment. An annuity is a long-term investment and can have steep surrender charges and penalties for withdrawal before the annuity’s maturity date. Annuities are not FDIC insured.

Inflation Risk

The risk that a portion of an investment’s return that is driven or the result of inflation expectations.

Discount Rate

The interest rate at which financial institutions that are members of the Federal Reserve System may borrow on a short-term basis directly to cover temporary deficiencies in the bank’s reserves. The board of directors of each Reserve Bank establish the discount rate every fourteen days subject to the approval of the Board of Governors.

What is the difference between a zero-coupon bond or zero coupon CD and a regular bond or CD?

The difference between a zero coupon bond or CD and a regular bond or CD is that a zero-coupon bond does not pay coupons, or interest payments, to the bondholder or CD holder while a typical bond and CD does make these interest payments. The holder of a zero-coupon bond or CD only receives the

Expedited Funds Availability Act

Expedited Funds Availability Act (implemented by banking Regulation CC). It requires financial institutions to make deposits available within specific time frames, based on the location of the bank of deposit and where deposited checks are drawn.

A friend wrote me a check to repay a small debt. The bank that the check is drawn on has released the funds, but my bank is still holding the funds. Can it do this?

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 Village Bank Utah

The Village Bank is a state-chartered independent bank that serves the residents and businesses of Washington County and portions of Iron County, Utah and Clark County, Nevada. The bank was established on August 7, 1996. The Village Bank has been FDIC insured since August 7, 1996. The Village Bank has four bank branches. The Village

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State-Investor Bank was founded in 1894, in Louisiana. The bank has survived the Great Depression, two world wars and has been handling consumer accounts before the creation of the FDIC. State-Investor Bank has four bank branch locations serving the region. The bank has been FDIC insured since August 3, 1935. State-Investors Bank is chartered as

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Insured deposits

Deposits held in financial institutions that are guaranteed by the Federal Deposit Insurance Corporation (FDIC) against loss due to bank failure.

Trustor

The creator of a trust. Sometimes referred to as the donor.

Expense Ratio

A fund’s cost of doing business, that is disclosed in the prospectus, expressed as a percent of its assets.

Best CD Rate California

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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 [...]

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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

Can the bank charge an overdraft fee while there is a deposit pending?

Yes. Many transactions are processed overnight. These transactions may not be reflected in an available balance. On checking accounts, banks generally post deposits before withdrawals. However, the law does not require this. In addition, banks may establish a cutoff time for deposits made at a branch or through an ATM. Deposits

What are business cycles and how do they affect the economy?

Business cycles are the “ups and downs” in economic activity, defined in terms of periods of expansion or recession. During expansions, the economy, measured by indicators like jobs, production, and sales, is growing–in real terms, after excluding the effects of inflation. Recessions are periods when the economy is shrinking or contracting.

If one of my twenty-dollar bills was partially destroyed in my washing machine will it still be any good?

If you have more than 50% of its total area, the bank will replace the bill with a new one. They do this to prevent someone from splitting the bill right in half and doubling their value. Only the portion with a higher than 50% of its total area will be replaceable.

Has a money market fund ever dropped below a $1.00 NAV or broken the buck?

Breaking the buck occurs when a money market fund is unable to repay its $1.00 NAV per share. There have been several incidents this year in which a manager bought securities to prevent a fund from possibly dropping below a $1.00 net asset value or breaking the buck. The only example where a

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