Sentences with phrase «paid on bank»

The term of the deposit is currently up to 21 days and the interest rate paid is slightly above the rate paid on bank reserves.

Instead, when the Fed makes its first rate hike — something that probably won't happen until at least September - 2015 — it will do so by 1) raising the interest rate paid on bank reserves, 2) increasing the amount that it pays to borrow money via Reverse Repurchase agreements, and 3) boosting the rate that it offers to financial institutions for term deposits.

Eventually the Fed settled on an interest - rate target «range,» with the interest rate paid on bank reserves as its upper bound, and a lower bound of zero.

These include changing bank reserve requirements by making them higher or lower, changing the terms on which it lends to banks through its discount window, and changing the rate of interest it pays on the bank reserves it has on deposit.

In a floor system, banks are kept flush with excess reserves, and monetary control is exercised, not be adjusting the quantity of reserves so as to achieve a particular equilibrium federal funds rate, but by manipulating the interest rate the Fed pays on banks» required and excess reserves holdings, alone or along with the Fed's overnight reverse - repo (ON - RRP) rate.

These include changing bank reserve requirements by making them higher or lower, changing the terms on which it lends to banks through its discount window, and changing the rate of interest it pays on the bank reserves it has on deposit.

That's considerably higher than what a person with good credit should expect to pay on a bank card.

Not exact matches

And even the Federal Reserve's modest rate hikes have had an outsized impact on the bottom line of Bank of America, which pockets the extra interest it collects on loans while paying out much less on consumers» deposits (making money on the so - called spread).

Another concept that many employers have found useful in cutting down on unscheduled absences is known either as a paid leave bank (PLB) or a paid time off program (PTO).

«They were banking on their employers paying for their degrees and then saw that funding revoked,» says Séan Corbishley, the schools's director of EMBA and custom programming at the school, adding that mining firms are looking to save money.

Choung's primary Korean bank was unwilling to study the credit ratings of New York City restaurants and hotels or to take on faith that receivables would eventually be paid.

The answer is straightforward: The Bank of Japan can buy government bonds on the open market, paying for them with either currency or deposits at the Bank of Japan, what economists call high - powered money.

The credit card provider and a consortium of major banks will launch an Apple Pay competitor, but it won't be allowed to work on iPhones

On average, you pay a 1 - 3 % higher interest rate when compared to the prime rates found in lines of credit and bank loans.

The other bank would actually get paid to take on debt.

While deposits in checking and savings accounts can be volatile, as people might draw their money out all at once (run on the bank), CDs provide much needed funding stability, so banks are willing to pay a little more.

While a majority of Goldman Sachs (gs) shareholders voted in favor of executive pay plans on Friday at the bank's annual meeting in its Jersey City offices, around 34 % did not.

Starting today, your bank will be able to pay you interest on your corporate checking account for the first time since the Great Depression.

Standard Chartered remains on track to decide how much it will pay to investors at the start of next year, the bank's CFO Andy Halford, told CNBC Wednesday.

G4S's World Cash Report, which chimes with central bank data, found three quarters of online purchases in the Middle East and Asia are paid for in cash on delivery.

But they're banking on — and here's where you should pay attention — companies with solid business plans and focus.

AT&T Mobile Banking Banks it works with: Chase, Citi, Regions, SunTrust, USAA, Wachovia and many others What you'll like: Check multiple account balances and histories, transfer funds and pay bills; works on a wide range of AT&T phones What you won't like: Not all banks support all of its features, like bill pay; it doesn't find you the closest ATM orBanks it works with: Chase, Citi, Regions, SunTrust, USAA, Wachovia and many others What you'll like: Check multiple account balances and histories, transfer funds and pay bills; works on a wide range of AT&T phones What you won't like: Not all banks support all of its features, like bill pay; it doesn't find you the closest ATM orbanks support all of its features, like bill pay; it doesn't find you the closest ATM or bank

Mint iPhone app Banks it works with: More than 7,000 U.S.financial institutions What you'll like: Check your account balances and transactions; track investment accounts; set up budgets and track spending; sends alerts if you're low on cash or credit, or if it detects unusual spending What you won't like: Can't pay bills or transfer money

To hire a temporary foreign worker, employers must pay the «prevailing wage» for the position, an amount determined by postings on the Job Bank.

That coincides with TARP banks needing to pay dividends on Treasury money, as well as the principal and interest.

Back in the 1980s when rates were higher than usual, the Fed capped the interest banks could pay on savings accounts.

Verizon Mobile Banking Banks it works with: America First Credit Union, Arvest, Bancorp South, BECU, FirstBank, Regions, South Financial, SunTrust, Synovus, USAA and Wachovia What you'll like: Check multiple account balances and histories, transfer funds and pay bills; works on a wide range of Verizon phones What you won't like: Not all banks support all of its features, like bill pay; it doesn't find you the closest ATM orBanks it works with: America First Credit Union, Arvest, Bancorp South, BECU, FirstBank, Regions, South Financial, SunTrust, Synovus, USAA and Wachovia What you'll like: Check multiple account balances and histories, transfer funds and pay bills; works on a wide range of Verizon phones What you won't like: Not all banks support all of its features, like bill pay; it doesn't find you the closest ATM orbanks support all of its features, like bill pay; it doesn't find you the closest ATM or bank

The 10 percent average return on the S&P 500 may not seem impressive at first, despite the fact that it's more than double what one can expect from a 30 - year Treasury bond and way more than what a certificate of deposit from a bank pays.

Of note, Ally Bank pays 1 percent on balances in savings accounts, which, Campbell says, «is as good as it gets for completely liquid assets these days.»

Along with stripping away the physical properties of banking, EQ allowed customers to move money in and out of their account whenever they like, without paying fees or sacrificing their interest on savings.

After the U.K.'s Brexit Secretary David Davis effectively disavowed the deal struck over the financial settlement to be paid, the EU's chief negotiator Michel Barnier told a handful of sympathetic newspapers that the U.K. could forget about a sweet deal on market access for the city of London's banks.

In March U.S. bank Capital One (cof) launched a chatbot named «Eno,» which can answer questions on their recent account balances or help pay off credit card bills.

Specifically, its users could pay for services purely through digital tokens without relying on banks or payment processors, which are often the target of government scrutiny or censorship.

If that happens and they buy, say, a diamond necklace, your bank is on the hook to pay the damage.

Despite more than paying for itself — by its own reckoning, Ex-Im Bank has returned $ 7 billion to the U.S. Treasury in the last two decades through interest on guaranteed loans and credit insurance — the 80 - year - old government - run financial institution is a sunset agency.

Portions of the IRS computerized payment system crash on Tax Day, preventing taxpayers from using their bank accounts to pay their taxes online.

Based on their annual pay, society seems to value Justin Bieber more than her highness, and both of them more than the CEO of Royal Bank.

He agreed to invest $ 5 billion and lend BoA his name; in return, the bank would pay him a hefty 6 % annual dividend on his stake of preferred shares.

«Starling Bank was founded to empower consumers to take control of their money and better manage it on the move, so Fitbit Pay is a perfect partner for us,» Starling CEO Anne Boden said in an announcement Tuesday.

Remember the bank bail outs when people realized that simply walking away from their home loans were far easier than continuing to pay a mortgage on a house that was worth far less than they owed for it?

The ECB announced in a statement on Wednesday that the «significant deterioration of the liquidity situation of the bank in recent days led to a determination that the entity would have, in the near future, been unable to pay its debts or other liabilities as they fell due.»

After the recession, the country spent trillions on infrastructure projects, with many banks, including unregulated or «shadow» banks, loaning money to companies that have been unable to pay back their debts.

Somehow in her projections of steadily rising sales volume, she'd neglected to note that more business meant more account statements and invoices to be sent out, more customers to be reminded to pay, more time spent on banking needs, and so on.

Rusal has said its inclusion on the sanctions list could leave it unable to pay billions of dollars it owes to its lenders some of the leading Western and Asian banks.

Still, of the 25 highest - paying internships, the last on the list, Bank of America, pays summer interns $ 4,570 per month.

If can pay the interest on nonperforming loans, or create «bad banks,» says Pauly, that hold bad loans.

Because he only pays the minimum on his balance each month, the amount he owes the bank quickly skyrockets.

A young Texan known as Dread Pirate Roberts (real name: Ross Ulbricht) built Silk Road on three then - new technologies: cheap cloud data storage; the Tor browser, which let people roam dark parts of the Internet undetected; and Bitcoin, which let them pay each other in a secure, semi-anonymous manner, without involving banks.

The site suggests ways to save money on fees by selecting another credit card or brokerage account; banks pay Mint.com for the referrals.

The bank sought to fill the gap with a $ 200,000 SBA loan, something Wald wanted to avoid at all costs, recalling the consequences of the $ 30,000 SBA loan he'd received in 1996 (and since paid off): NetForce had trouble securing the kind of financing it needed because the SBA had taken a blanket lien on all the company's assets.