Alma Bank is offering a 2% APY 18 month CD and a 2.5% APY 30 month certificate of deposit. These are available to anyone near one of their branches located in Astoria, bayside, and Brooklyn, New York. These rates are set to last until March 1st, 2010. Alma also has some pretty good IRA CD…
There are a few different types of bank accounts and most banks offer at least the basic few. Each bank will offer different features with each account type but there’s basically 4 general bank account types. The first type is a checking account. A checking account allows account holders to withdraw money from their account…
ChexSystems, also known as Chex Systems, Inc, is a Delaware based agency that keeps a database of individuals’ bank account history. ChexSystems reports individuals who close their bank accounts with a negative balance to credit agencies such as Equifax, TransUnion and Experian. Once you’re in the ChexSystems database you won’t be able to open a…
When you open a new savings account or checking account at a new bank you’re automatically listed as an authorized user of your account. If you want to share your access to your account with one or more people that is what’s known as a joint account. Anyone you list as an account holder will…
A direct deposit is a deposit into a bank account that doesn’t require a check to be written. Around 145 million Americans get paid through a direct deposit on a regular basis. Direct deposit is a perfectly acceptable form of getting a paycheck and is condoned by the IRS. There are also several government benefits…
Patriot Bank is offering a 3.5% APY 5 year CD with a minimum deposit of $1,000 and a maximum of $100,000. This offer is available to Texas residents. New money is required for this deal. You’re also allowed to increase the interest rate to the current rate being offered any time after 2 years which…
A checkbook usually comes with checks, a number of deposit slips to deposit checks into your bank account, a section to mark deposits and withdrawals so you can balance your checkbook, and a sleeve for receipts. Some people carry a checkbook on them wherever they go in their purse or briefcase. Since a checkbook contains…
A cashier’s check is also known as a bank check, a teller’s check, a treasurer’s check, or an official check. A cashier’s check is guaranteed while a personal check may not be able to be cashed if the account it’s drawing from doesn’t have enough funds in it. A cashier’s check is not connected to…
A marriage, signing a lease, getting a loan, opening a checking account are all legally binding contracts. A legally binding contract means that one agrees to certain clauses outlined in a specified contract. The terms and conditions of the contract dictate what sort of behavior you’re governed by. Violating a legally binding contract either causes…
If you have your own business you probably have a small business checking account, but you may have not considered getting a small business savings account. If you’ve got some excess money in your business there’s no point in not getting a little interest off of it. It makes sense to have a local checking…