Investors consider stock market bandwagon Sep 22, 2009
"The government is sending a message: Thou shalt buy something that is riskier" than a certificate of deposit or money market fund, says John Goode, managing director with ClearBridge Advisors in San Francisco. It is saying, "buy a stock, a house, a bond, a car, something. We are not paying you to be risk averse.". (San Francisco Chronicle -- Business)
City audit report reviewed by California Board of Aldermen Sep 17, 2009
Agenda items which came before the Council included an audit review, Certificate of Deposit renewals, an update on the sewer project, approval of Ordinances, department reports and purchase items ... Three Certificate of Deposits (CDs) were due the day following the meeting. (California Democrat, MO)
Lakeside meeting tame for a change Sep 12, 2009
City Recorder/administrator Charlie Hill said she purchased a Certificate of Deposit with about 32,300, with proceeds from the estate of late Lakeside councilor Jim Brown to be used as a trust for the Lakeside Public Library. When Brown passed away last year, he asked in his will that interest on money generated from his estate be given to the library for books and materials. (Coos Bay-North Bend The World, OR)
London Suicide Connects Lehman Lesson Missed by Hong Kong Hospital Orderly Sep 11, 2009
He said he thought he was putting his money into a certificate of deposit. Instead, as the prospectus explained, the notes were a bet against the default of the Chinese government and five companies, including. (Bloomberg)
Stock questions? Ask Matt Sep 10, 2009
Currently, the energy partnership is yielding 8%, which is certainly better than you'd get from Treasuries, savings accounts or even a certificate of deposit. The 8% yield is even attractive relative to what some corporate bonds are paying. (USA Today -- Money)
Park Hills chooses insurance plan Sep 10, 2009
The department would pay the money back over three years at 5 percent interest, which is nearly double the interest rate that the money would earn if placed in a certificate of deposit. The repayment would be done through a transfer of $110,162. (Park Hills Daily Journal, MO)
Grant and Hutchinson County 4-H'ers win public speaking contest (16) Sep 7, 2009
Leddy took home a $500 certificate of deposit for first place in the junior division. Kayla Stammer of Vermillion, S.D., was second and won a $250 certificate. (Sioux Falls Tri-State Neighbor, SD)
Rate cut on the cards Sep 6, 2009
South Africa's short-term negotiable certificate of deposit (NCD) is pricing in the possibility of one more interest rate cut of 50 basis points in September. However, the long end is now weakening as it expects a rate hike to follow a sideways stance after the next and last cut in the cycle. (iAfrica.com)
Pacific Office closes on $10M credit line Sep 5, 2009
Shidler Equities, LP, which is controlled by Shidler, put up a $10 million certificate of deposit to secure the loan, according to a document filed with the Securities and Exchange Commission. The REIT will pay Shidler an annual fee of 2 percent on the $10 million, and, if any portion of the C.D. is used to pay the lender, will pay 7 percent interest on the money used, according to the document filed with the SEC.. (Pacific Business News, HI)
Ask AP: Lawmaker health benefits, Hawaii monarchy Aug 29, 2009
If I have money in a certificate of deposit with an FDIC-insured bank, and the bank defaults on an interest payment to me, how is the FDIC intervention initiated. How long does it take for me to get my money. (Jefferson City News Tribune, MO)
Final notice Aug 19, 2009
It beats the heck out of any certificate of deposit, said Howard Liggett, executive director of the National Tax Lien Association. Because the sales occur in a patchwork of cities and counties across more than two dozen states, there are no figures tracking the number of tax-lien sales nationwide. (MSNBC -- Business)
Hallelujah! Mich. church wins $70,000 in lottery Aug 14, 2009
The program is, "a cross between a certificate of deposit and a raffle ticket. Members who put $25 or more into a Save to Win one-year CD are entered into a monthly 'savings raffle' for prizes up to $400, plus one annual drawing for a $100,000 jackpot.". The program has been particularly effective since its inception as it has attracted over $3. (Fresno Bee)
Young investors wary of jumping into market lows Aug 5, 2009
He put the majority of his stock investments, which had reached about $5,000, into a certificate of deposit instead. Corbacho doesn't plan returning to stocks for a few years after graduation and is instead focusing on saving. (India Times)
American Community Bancorp Reports Second Quarter Results Aug 1, 2009
Michael S. Sutton, President and Chief Executive Officer, commented, "Although we are disappointed with our quarterly earnings, there are a number of positives to report. We have seen improvement throughout the year in our net interest margin. The increase of our demand deposit portfolio, coupled with certificate of deposit repricing opportunities, have enabled us to offset the unprecedented rate action taken by the Federal Reserve Bank during the fourth quarter of 2008. We are pleased with the... (PR Newswire)
American Principle Bank Announces Second Quarter 2009 Financial Results Jul 30, 2009
The rise in certificate of deposit balances during the first half of 2009 was supported by. the Bank's initial product focused print advertising campaign during the first quarter of 2009. (PR Newswire)
Sales tax collections down but county budget on track Jul 29, 2009
"We haven't bought a certificate of deposit in more than a year because the interest rate isn't that much more than our money management account," Chism said. She said the county's money management contract with Central Bank runs through 2011. (Fulton Sun, MO)
Flushing Financial Corporation Reports 2009 Second Quarter Earnings of $0.20 Per Diluted Common Share, Core Earnings of $0.27 Per Diluted Common Share Jul 28, 2009
FLUSHING FINANCIAL CORPORATION and SUBSIDIARIES CONSOLIDATED STATEMENTS OF FINANCIAL CONDITION (Dollars in Thousands Except Per Share Data) (Unaudited) June 30, December 31, 2009 2008 ------------ ------------ ASSETS ------ Cash and due from banks $ 45,054 $ 30,404 Securities available for sale: Mortgage-backed securities 683,701 674,764 Other securities 40,797 72,497 Loans: Multi-family residential 1,067,067 999,185 Commercial real estate 779,194 752,120 One-to-four family - mixed-use property... (Primezone Releases)
Looking to use online tools to save? There are several with which you might click Jul 28, 2009
You enter the amount you have available for a certificate of deposit or high-yield savings account, and banks bid to offer the highest interest rate. You are not obligated to accept any bid. (Boston Globe)
CCAD budget takes hit, but 'doing fine' Jul 23, 2009
"He said the decrease in sales tax revenue is offset to some extent by a mild increase in collections -- which he attributed to hiring a patient account representative in February -- while board member John Brandt noted a decrease in payroll expenses.Anderson said he was able to purchase another Certificate of Deposit over the last month, bringing the district's reserve funds to approximately 1.2 million -- which he said would cover district salaries for a year."It's not anywhere near where we... (Fulton Sun, MO)
Fidelity Southern Corporation Reports Second Quarter Loss; Increased Lending and Liquidity Levels Jul 17, 2009
If deposit rates stay consistent, Fidelity Bank's margin will improve over time as certificate of deposit interest rates reset in a lower rate environment. NONINTEREST INCOME. (PR Newswire)
Judge delays cricket billionaire's jail exit Jun 27, 2009
A 21-count indictment lays out a scheme where Stanford and others falsified records and bribed regulators who had oversight of Stanford's offshore bank in Antigua, bilking the bank's certificate of deposit customers out of $US7 billion. Stanford also faces civil fraud charges filed by the US Securities and Exchange Commission. (Sydney Morning Herald -- Business)
Field house still in plans for school district Jun 24, 2009
The district already has raised $560,000 in past years, and that money has been invested into a one-year certificate of deposit, Willis said. The district had hoped the field house which would include bathrooms, locker rooms and a concession stand near the school s football field would be funded by the current $187. (Utica NY Obserer, NY)
AmeriLife First Financial Seeks Correction of Inaccurate and Misleading Statements by the FDIC Jun 24, 2009
At all times the customers were offered and received an FDIC-insured certificate of deposit that yielded a total return as advertised. AFF has made extensive submissions to the FDIC staff in support of its position of no damage or harm to customers and the FDIC has not pointed to a single instance where anyone was harmed or deceived. (PR Newswire)
Join Congress, see the world Jun 22, 2009
He earned $8,440 last year through the Missouri state senate retirement program and owns a variety of financial assets, including a certificate of deposit, savings and control of the Carolyn B. Skelton Estate Trust, valued between $116,000 and $315,000. The sum comes to between $118,000 and $345,000. (St. Louis Business Journal, MO)
WATCHING THE US PRINTING MONEY Jun 21, 2009
Dear John: How much money do I need to put down to open up a Certificate of Deposit or an Individual Retirement Account. R.C.. (New York Post -- Business)
KKR Said to Agree Pricing on Dollar, Won Loans for Oriental Brewery Buyout Jun 1, 2009
New York-based KKR plans to borrow as much as $900 million in dollar loans paying about 600 basis points more than the London interbank offered rate and won loans paying the same spread above the certificate of deposit rate, said the people, who declined to be identified because the information is private. A basis point is 0. (Bloomberg)
Warsaw taps into savings while waiting for tax revenue May 29, 2009
Warsaw has one 25,000 certificate of deposit and two 50,000 CDs available for emergencies. We have to cut back, Treatch said. (Keokuk Daily Gate City, IO)
Hamilton retains all top city officials for the next 4 years May 7, 2009
Heard the recommendation that all money from fires outside the city limits go into a certificate of deposit to help the fire department buy a new, used truck. Understands that the city will have to modify its citywide cleanup by placing dumpsters behind City Hall and hiring a couple of trash haulers to pick them up. (Keokuk Daily Gate City, IO)
Investors Bancorp, Inc. Announces Third Quarter Financial Results May 1, 2009
06% for the three months ended March 31, 2008 as the lower interest rate environment resulted in our certificate of deposit accounts repricing downward to current market rates ... 27% for the nine months ended March 31, 2008 as the lower interest rate environment resulted in our certificate of deposit accounts repricing downward to current market rates. (PR Newswire)
Bernanke: People need good financial smarts Apr 28, 2009
To make smart decisions, consumers need to shop around and make sure they understand the pros and cons of any financial choice from taking out a mortgage or car loan to selecting a certificate of deposit or other investments. The current financial crisis the worst since the 1930s has been blamed partly on lax lending standards, and in some cases people taking out mortgages that they didnt truly understand to buy homes they couldnt afford. (MSNBC -- Business)
Eastern Financial put into conservatorship Apr 28, 2009
Willy Ramos, who opened a certificate of deposit account last week with an attractive 4 percent yield, was concerned that he might have to settle for a lower interest rate. Eastern Financial has been floundering since late 2007, as it struggled with nonperforming development loans and interest-only residential mortgages with terms as short as five years. (South Florida Business Journal, FL)
Capital City Bank Group, Inc. Reports First Quarter 2009 Results Apr 20, 2009
We believe the decline in the certificate of deposit category reflects a combination of proceeds migrating to other deposit categories, as well as transferring to higher rate paying competitors. Despite the disruption in the market, we continue to pursue prudent pricing discipline and have chosen not to compete with higher rate paying competitors for these deposits. (Primezone Releases)
I-Bonds Or Cd|Ds Apr 19, 2009
If you lock your money into a long-term certificate of deposit, where you'll typically get the best yield, you might also be suddenly stuck if inflation and interest rates suddenly spike higher. Send your questions to Dear John, The N.Y. Post, 1211 Ave. of the Americas, N.Y., N.Y., 10036, or. (New York Post -- Business)
Stimulus package from Ghanaians abroad Apr 18, 2009
The bottom line: you cannot expect to earn more than 2% on an18-month certificate of deposit (CDs), such as Treasury Bills. In theUS, the top-paying CDs, if you are lucky will fetch you 2. (Ghana Web, Ghana)
American Principle Bank Announces: First Quarter 2009 Financial Results; Achievement of Profitability; Total Assets Exceed $175 Million Apr 18, 2009
The rise in certificate of deposit balances during the first quarter of 2009 was supported by the Bank's initial product focused print advertising campaign and by customer interest in certificates of deposit as a conservative investment during a period of volatility in the stock market and real estate values. Stockholders' equity increased from $40. (PR Newswire)
State alleges Ponzi scheme: 2 Polson men accused of $14 million fraud Apr 17, 2009
In one, the state claims that Congdon preyed on a friend whose father has Alzheimer's disease, persuading her to take money from a certificate of deposit held at Wells Fargo Bank and invest it through Cornerstone. The two investments with Cornerstone totaled 140,000. (Missoulian, MT)
Three Defendants Sentenced in 'Advance-Fee' Fraud Scheme That Cost Victims More Than $1.2 Million Apr 3, 2009
Subsequently, as part of the ruse, the defendants sent a variety of fraudulent documents, including a "Letter of Authority" or a "Certificate of Deposit," making it appear that the promised funds were available, and pictures of an individual claiming to suffer from throat cancer. The evidence to the court established that Anisiobi telephoned victims, disguising his voice to give the impression that he was suffering from throat cancer. (PR Newswire)
Breaks are available - even if you're not itemizing Mar 29, 2009
Early CD withdrawal: People hit with a penalty for cashing in a certificate of deposit before maturity must report the full amount of interest initially credited to their account, but can deduct the amount they forfeited as a penalty to the savings institution. Alimony: Child support payments are not deductible, but alimony can be subtracted by the payer as a downward adjustment to taxable income. (Boston Globe)
EDC stokes new business leads Mar 26, 2009
- have Barrilleaux cancel the renewal of the maturing February certificate of deposit at Madisonville State Bank and move the balance to the money market fund account. - have Barrilleaux prepare letters and invoices requesting funds for each of the banks and within 10days of their mailing, board president Duane Standley will make a telephone call to follow up. (Madisonville Meteor, TX)
YOUR MONEY: Safe bets for those who fear the stock volatilty Mar 24, 2009
If you redeem a certificate of deposit before maturity, you may have to forfeit some interest ... Last week, the average interest rate for a one-year certificate of deposit was 1. (USA Today -- Money)
Lesser-Known Tax Deductions You Don't Want to Overlook Mar 20, 2009
If you incurred a penalty as the result of an early withdrawal from a certificate of deposit or other type of time deposit savings account, the amount of the penalty is deductible as an adjustment to gross income. SOCIAL SECURITY TAXES FOR THE SELF-EMPLOYED. (PR Newswire)
Mass. agencies get some money back from AIG Mar 17, 2009
The agencies invested with AIG through a vehicle known as a guaranteed investment agreement, which functions much like a certificate of deposit issued by a bank. Typically, government entities use such vehicles to invest proceeds from bond offerings until the money is needed to pay for construction projects and other capital needs. (Boston Globe)
Integrity apparently shuts down Mar 6, 2009
A certificate of deposit account at Eclipse Bank in the amount of $200,000 and held by Integrity. Eclipse also asks that a lien be placed on Integrity s assets, including its accounts, equipment and inventory. (Louisville Business First, KY)
Ask Matt about stocks Feb 25, 2009
You should consider investments short-term Treasury securities, or a high-yield savings account or certificate of deposit with a bank. When you're retired, you don't want to have to worry about your money vanishing due to circumstances beyond your control. (USA Today -- Money)
Bank of Granite falls below FDICs capital mark Feb 20, 2009
Anderson says most of Bank of Granite s brokered deposits are from customers who opened Certificate of Deposit Account Registry Service accounts in the fall to obtain additional insurance on large deposit balances. Now that the government has increased the cap for FDIC-insured deposits to $250,000 from $100,000, he expects those funds will roll over into traditional accounts. (Charlotte Business Journal, NC)
NH officials question young treasurer's commitment Feb 19, 2009
Commissioners are concerned that Sievers has yet to invest about $10 million in county funds after a one-month certificate of deposit account paying 1 percent interest matured on Jan. 22. Cryans, of Hanover, has said the county was losing out on as much as $540 a day because the money was sitting in a checking account. (Concord Monitor)
Public Safety log from the Feb. 19, 2009 edition Feb 19, 2009
At 12:12 p.m. the assistant branch manager at Central Bank reported an attempted fraud, wherein someone, using a phone registered to a Tewksbury man, allegedly faxed a request to close out a Certificate of Deposit, CD, account that belongs to an elderly woman in Somerville. The Somerville woman reportedly did not know what a fax machine is. (Arlington Advocate, MA)
SEC accuses Texas magnate in US$9.2b fraud Feb 18, 2009
SEC accuses Texas magnate in US 9. 2b fraud Posted: 18 February 2009 0156 hrs. (Channelnewsasia.com)
Trust awards $1M to swamped agencies Feb 18, 2009
Separately, the trust also announced that it placed $5 million in a certificate of deposit with ShoreBank, which will be used to help communities hardest hit by the surge in housing foreclosures. You may also like. (Crain's Chicago Business)
SEC charges Stanford companies in 'massive' CD fraud Feb 18, 2009
As a result, the bank offered purported certificate of deposit rates double those at conventional banks. While the SEC called the bank's claims "improbable and unsubstantiated," the touted returns prompted $6. (USA Today -- Money)
SEC accuses cricket magnate in 9.2 billion dollar fraud Feb 18, 2009
It charged him and three of his companies with "orchestrating a fraudulent, multi-billion dollar investment scheme centering on an eight billion CD (certificate of deposit) program," a statement said. Aside from SIB, Stanford's companies include Houston, Texas-based broker-dealer and investment adviser Stanford Group Company (SGC), and investment adviser Stanford Capital Management. (Yahoo! Asia News)
SEC accuses multi-billionaire R. Allen Stanford of fraud Feb 18, 2009
But I feel betrayed," said Kelly Dehay, investor. Dehay said she was offered a certificate of deposit with a rate of 8.25 percent. Brett Zagone, another investor, was offered an 8 percent certificate of deposit. Zagone tried to check her investment on Tuesday, but couldn't get near her money. "My mom just passed away a few months ago. All of the money for her estate is here. (KHOU.com, TX)
The Law Firm of James A. Dunlap Jr. & Associates LLC Announced That it is Investigating Potential Claims Against Stanford Financial Group Co. Related to Its Certificate of Deposit Program Feb 17, 2009
The Law Firm of James A. Dunlap Jr. & Associates LLC Announced That it is Investigating Potential Claims Against Stanford Financial Group Co. Related to Its Certificate of Deposit Program: Financial News - Yahoo ... The Law Firm of James A. Dunlap Jr. & Associates LLC Announced That it is Investigating Potential Claims Against Stanford Financial Group Co. Related to Its Certificate of Deposit ProgramMonday February 16, 7:09 pm ET ... ATLANTA, Feb. 16, 2009 (GLOBE NEWSWIRE) -- The Law Firm of... (Primezone Releases)
Scrutiny of Stanford's bank spreads to Caribbean Feb 14, 2009
On its website, Stanford is listing a $100,000 certificate of deposit that paid a 4. 5 percent annual yield in its financial highlights for last year. (International Herald Tribune)
A father puts the ‘F' in FDIC Feb 10, 2009
By putting their money in a certificate of deposit, and agreeing not to touch it for a certain amount of time (like one year), they would earn higher interest. "Great," my kids said. (Fresno Bee -- Lifestyle)
Prepare for the unexpected Feb 9, 2009
Consider socking this money away in an online-only, high-yield money market account or a short-term certificate of deposit. LIVE WITHIN YOUR MEANS. Try hard not to spend excessively on items and services you don't need. (Northeast Mississippi Daily Journal)
Synovus sees silver lining in deposit growth Feb 8, 2009
The program, known as CDARS certificate of deposit account registry service has also proved popular of late. Business is up four-fold, said Phil Battey, Promontory s vice president for legislative and public affairs. (Atlanta Journal-Constitution -- Business)
Class helps students understand money Feb 8, 2009
The 17-year-old DHS student knows that the class will pay off, she said, adding that she is already considering moving her money from a savings account to a certificate of deposit account to earn more interest. I wish I would have known some of these things sooner,; she said on Thursday. (DeKalb Daily Chronicle, IL)
Road hazard: uninsured driver rates climb Feb 8, 2009
Proof may include a surety bond or a certificate of self insurance, which is often purchased through the state's motor vehicle agency or a certificate of deposit. Bloomington, Ill. (AZCentral -- Business)
Patrons of former County Bank adjust to takeover Feb 8, 2009
Robert Langevin of Fresno withdrew funds from a certificate of deposit that had just matured. "When someone new takes over, it can be really bad or be really good," Langevin said at the former County Bank branch on Shaw Avenue near Clovis Avenue in Clovis. (Fresno Bee -- Local)
Mutual Funds &Personal Finance Feb 8, 2009
On the other hand, parents stand to get a better rate of return from a long-term loan than they would from, say, a certificate of deposit. The average rate paid by one-year CDs nationally was 2. (Investors Business Daily)
