The Texas Bankers Association and its subsidiary, TBA Services Co Inc, announce their endorsement of Intrasweep LLC. Intrasweep is the industry's first provider of the On-Balance-Sheet Sweep, a commercial sweep that enables business customers to earn interest on excess funds in their checking accounts by uniquely sweeping the funds to a money market deposit account held within the bank. Intrasweep is an innovative bank service company focused on supporting the deposit and liquidity needs of banks and their commercial customers.
NEW YORK -- Few investors give much thought to the money they set aside for short-term goals, or dare to hope for much of a return in the current interest rate environment. But depending on your time horizon, you might be able to do better than you think. For truly short-term goals, such as money you save to cover your annual tax bill or next semester's tuition, financial planners say your best bet is either a money market deposit account or a money market mutual fund. Although they pay paltry rates of interest, generally between 1 percent and 2 percent, they'll keep your principal safe and accessible, and returns are likely to improve as the Federal Reserve continues raising interest rates. Money market deposit accounts offered by banks are insured by the Federal Deposit Insurance Co...
... liquidity to depositors promptly, enhance market discipline, ensure equitable treatment of deposito...(i) 250,000 deposit accounts; or. (ii) $20 billion in total assets, regardless ...A demand deposit account, NOW account, money market deposit account, savings deposit account an...
Like annuities qualified retirement plans can avoid probate, offer you the ability to switch investments without incurring a tax bill. The no contribution limits and no income restrictions that annuities offer are mute benefits, given the fact that very few max out their contribution and very few earn more than the limits set forth on qualified retirement plans. Should you use annuities inside your qualified retirement plan? NO! The reason is simple. One of the primary benefits of an annuity is tax deferral. Why pay an extra fee for tax deferral when you're already receiving tax deferral from your qualified retirement plan. Annuities are an aggressively marketed financial product. Why? There's a nice commission check to be earned. There are two types of annuities-fixed annuities and var...
..., it's simply not a first option to save money.". In this article Fd like to explain the fundamen... vehicles such as individual retirement accounts (IRAs) and/or employer-sponsored retirement plans ... to saving money inside a certificate of deposit or money market account. With a variable annuity, ...
In this article I'll like to explain the fundamentals of annuities and the pros and the cons of annuities. I'll also share why I believe you should not consider annuities until you've exhausted other long-term investing vehicles such as individual retirement accounts (IRA's) and/or employer sponsored retirement plans (401(k)'s, 403(b)'s, 457's, etc). I'll refer to both individual retirement accounts and company sponsored retirement plans throughout this report as qualified retirement plans. Annuities are an aggressively marketed financial product. Why? There's a nice commission check to be earned. There are two types of annuities-fixed annuities and variable annuities. With a fixed annuity the insurance company guarantees the premium paid (principal) and a minimum rate of interest. A fi...
...It's simply not a first option to save money.". In this article I'll like to explain the fundam... saving money inside of a certificate of deposit or money market account. With a variable annuity t...
The collapse in value of subprime mortgage securities may look like a Wall Street problem, fueling steep writedowns at some of the nation's biggest investment firms and costing some corporate titans their jobs. The charity, which grants wishes to terminally ill children, contends Herrmann had indicated that moving working capital from a money market account and certificates of deposit to the bond fund "was completely safe and a smart business decision," according to the arbitration claim.
Like annuities, qualified retirement plans can avoid probate, offer you the ability to switch investments without incurring a tax bill. The no contribution limits and no income restrictions that annuities offer are mute benefits, given the. fact that very few max out ; their contribution and very few earn more than the limits set forth on qualified retirement plans. In case you're wondering if you should consider funding your qualified retirement plans with annuities-the answer is NO. The reason is simple. One of the primary benefits of an annuity is tax deferral. Why pay an extra fee for tax deferral when you're already receiving tax deferral from your qualified retirement plan? Annuities are an aggressively marketed financial product. Why? There's a nice commission check to be earned....
...It's simply not a first option to save money.". In this column I'd like to explain the fundamen... vehicles such as individual retirement accounts and/or employer sponsored retirement plans-401(K)s... a money market account or certificate of deposit. With a variable annuity you invest in a contract ...
Non-interest expense totaled $2.6 million in the second quarter of 2008, up $108,000, or 4.32% from the second quarter a year ago. The increase in non-interest expense was primarily due to higher compensation and benefits expense and occupancy expense. Compensation and benefits expense increased $120,000, or 8.63%, primarily due to higher bonus expense. Bonus expense for the second quarter of 2008 increased $95,000 as a result of improved profitability this year. Also contributing to the increase in compensation and benefits expense for the second quarter of 2008 was higher temporary personnel expense and increased health insurance costs. Occupancy expense increased $67,000, or 24.28% primarily due to the addition of the new branch. Partially offsetting the increases in compensation and...
...The aimualized weighted average cost of deposits decreased 41 basis points to 2.66% in the second q... of 2008, our core deposits (NOW, demand, money market and passbook accounts) increased $10.1 mill...
NEW YORK - Few investors give much thought to the money they set aside for short-term goals, or dare to hope for much of a return in the current interest rate environment. But depending your time horizon, you might be able to do better than you think. For truly short-term goals, such as money you save to cover your annual tax bill or next semester's tuition, financial planners say your best bet is either a money-market deposit account or a money- market mutual fund. Although they pay paltry rates of interest, generally between 1 percent and 2 percent, they'll keep your principal safe and accessible, and returns are likely to improve as the Federal Reserve continues raising interest rates.
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