Certificate of deposit

Partners Value Investments to Issue CDN$150 Million of Notes

Retrieved on: 
Friday, August 14, 2020
Finance, Money, Financial services, Canadian Imperial Bank of Commerce, S&P/TSX 60 Index, Certificate of deposit

TORONTO, Aug. 14, 2020 (GLOBE NEWSWIRE) -- Partners Value Investments LP (the Partnership, TSXV: PVF.UN and PVF.PR.U) and its subsidiary, Partners Value Investments Inc. (the Issuer and together with the Partnership, the Companies, TSXV: PVF.WT), announced today that the Issuer has agreed to issue CDN$150 million of senior unsecured notes due 2027 (the Notes).

Key Points: 
  • TORONTO, Aug. 14, 2020 (GLOBE NEWSWIRE) -- Partners Value Investments LP (the Partnership, TSXV: PVF.UN and PVF.PR.U) and its subsidiary, Partners Value Investments Inc. (the Issuer and together with the Partnership, the Companies, TSXV: PVF.WT), announced today that the Issuer has agreed to issue CDN$150 million of senior unsecured notes due 2027 (the Notes).
  • The Notes will bear interest at a rate of 4.375% per annum, payable semi-annually and will mature on November 15, 2027.
  • The net proceeds from the sale of the Notes will be used for general corporate purposes.
  • The Notes will be sold on a private placement basis to accredited investors in Canada, with CIBC Capital Markets acting as agent.

New SmartyPig App Helps Customers Grow Savings on the Go

Retrieved on: 
Wednesday, July 1, 2020
Other Consumer, Women, Teens, Other Professional Services, Other Technology, MEN, Software, Family, Finance, Banking, Consumer, Professional services, Technology, Mobile, Wireless, Other Education, Continuing, University, Education, Economy, Finance, Financial services, Bank deposits, Bank account, Bank regulation in the United States, United States federal banking legislation, Sallie Mae, Certificate of deposit, Federal Deposit Insurance Corporation, Annual percentage yield, Money market account

Sallie Mae has put saving for any financial goal at your fingertips with the new SmartyPig app.

Key Points: 
  • Sallie Mae has put saving for any financial goal at your fingertips with the new SmartyPig app.
  • Available on both Apple and Android devices, the new SmartyPig app helps account holders easily set new savings goals, make deposits and withdrawals, and manage their accounts all from their mobile device.
  • SmartyPig is Sallie Maes free, FDIC-insured, goal-based savings account with competitive interest rates of up to 1.25 percent APY .
  • In addition to SmartyPig, Sallie Mae provides a variety of savings products, including money market accounts , certificates of deposit , and high-yield savings accounts .

Simple continues product expansion with new CD offer

Retrieved on: 
Monday, April 6, 2020
Economy, Finance, Financial services, Debit cards, Simple, Visa Inc., Visa Debit, Certificate of deposit, Federal Deposit Insurance Corporation

Simple CEO David Hijirida says this product is a timely addition to Simple's product set.

Key Points: 
  • Simple CEO David Hijirida says this product is a timely addition to Simple's product set.
  • "But, this product in particular just makes sense given the uncertain times in which we are living.
  • The No-Penalty CD is just the most recent tool we offer to help our customers feel more confident about their money and their future."
  • Simple customers receive a Simple Visa Debit card that's tied to an FDIC-insured account with no surprise fees, and powerful budgeting and savings tools.

iGObanking.com® Named Top Bank in MoneyRates Study

Retrieved on: 
Tuesday, February 4, 2020
Economy, Financial services, Finance, Bank deposits, Certificate of deposit, Deposit insurance, Federal Deposit Insurance Corporation, Bank, Deposit account

iGObanking.com earned the award for offering high savings account rates on average for the fourth quarter of 2019.

Key Points: 
  • iGObanking.com earned the award for offering high savings account rates on average for the fourth quarter of 2019.
  • See the full article here: https://www.money-rates.com/research-center/americas-best-rates/
    John R. Buran, President and CEO of Flushing Bank, stated: We are pleased to receive this recognition from MoneyRates.com.
  • iGObanking.com offers competitive rates on deposit products such as savings, money market, and CD accounts to consumers nationwide.
  • Flushing Financial Corporation (Nasdaq: FFIC) is the holding company for Flushing Bank, a New York Statechartered commercial bank insured by the Federal Deposit Insurance Corporation.

Barclays Awarded Best Savings Account Accolades for 2019 and 2020

Retrieved on: 
Thursday, January 30, 2020
Economy, Financial services, Finance, Barclays, Clan Barclay, Banking, Online savings account, Certificate of deposit, Bank, B

With rates that are consistently among the highest in the nation, no monthly fees and convenient 24/7 online access, Barclays was named among the top banks for savings for 2019 and 2020.

Key Points: 
  • With rates that are consistently among the highest in the nation, no monthly fees and convenient 24/7 online access, Barclays was named among the top banks for savings for 2019 and 2020.
  • "In 2020 and beyond, Barclays will continue to lead the industry in high yield online savings products."
  • 2019 / 2020 accolades are as follows:
    Barclays was recognized as the bank with the "Best 1-Year CD" by Money.com, citing a "stellar" interest rate, no minimum balance requirements, interest compounded daily and no monthly service fees.
  • The Barclays online savings account was named one of The Ascent's Best Savings Accounts for 2020.

Zamansky LLC Investigates “Steepeners” or Adjustable Rate Certificates of Deposit (CDs) and Medium-Term Notes (MTNs)

Retrieved on: 
Friday, January 3, 2020
Legal, Professional services, Finance, Money, Economy, Certificate of deposit, JPMorgan Chase, Yield

Zamansky LLC announces that it is investigating losses suffered by investors in Steepeners or adjustable rate Certificates of Deposit (CDs) or Medium Term Notes (Notes).

Key Points: 
  • Zamansky LLC announces that it is investigating losses suffered by investors in Steepeners or adjustable rate Certificates of Deposit (CDs) or Medium Term Notes (Notes).
  • These CDs and Notes were often allegedly issued by banks such as Bank of America, Morgan Stanley, JPMorgan Chase and others, as CDs or notes that paid enhanced yield to investors.
  • The enhanced yield was adjustable based on the flatness or steepness of the yield curve.
  • During 2018, when the yield curve flattened, the values of the Steepener CDs and Notes fell causing investors to suffer unexpected realized and unrealized losses.

GOBankingRates Ranks TIAA Bank as a “Best of 2020” in Three Categories

Retrieved on: 
Friday, December 20, 2019
Banking, Professional services, Finance, Economy, Financial services, Finance, TIAA, Bank deposits, TIAA Bank, Bank, Teachers Insurance and Annuity Association of America, Certificate of deposit, Draft:GOBankingRates

Adding to its impressive list of accolades , TIAA Bank has once again been honored for being among the very best banks by GOBankingRates in its eighth annual Best Bank rankings.

Key Points: 
  • Adding to its impressive list of accolades , TIAA Bank has once again been honored for being among the very best banks by GOBankingRates in its eighth annual Best Bank rankings.
  • TIAA Bank was named in an impressive three categories: Best Online Banks , Best CD Rates & Accounts and Best Money Market Accounts .
  • We are thrilled that we have been again recognized for our outstanding products and services, said Steve Fischer, President and Chief Executive Officer, TIAA Bank.
  • GOBankingRates explained why they chose TIAA Bank in each of the three categories:
    Best Online Banks of 2020: With one of the highest CD yields available and a guarantee of good rates from its checking account, TIAA Bank ranks among the very best online banks.

Multi-Collateral Dai Launches and Introduces the Dai Savings Rate

Retrieved on: 
Monday, November 18, 2019
Economy, Finance, Money, Bank deposits, Certificate of deposit, DAI, Stablecoin, Deposit account

The introduction of MCD also allows for today's launch of the Dai Savings Rate (DSR) , a feature that makes it possible to earn savings simply by holding Dai.

Key Points: 
  • The introduction of MCD also allows for today's launch of the Dai Savings Rate (DSR) , a feature that makes it possible to earn savings simply by holding Dai.
  • In addition to continuing to provide Dai holders with a stable decentralized currency, MCD offers the Dai Savings Rate, an option to earn savings simply by holding Dai in a special smart contract, further differentiating Dai from other stablecoins.
  • Effective immediately, with just a few simple steps, Dai holders can deposit Dai into the Dai Savings Rate contract to earn additional Dai.
  • The Dai holder can, at any time, withdraw his/her Dai from the Savings Rate contract, along with the savings earned up to that point.

Calpine Corporation Announces Extension of Early Tender Date for its 6.000% Senior Secured Notes due 2022, 5.375% Senior Notes due 2023 and 5.875% Senior Secured Notes due 2024

Retrieved on: 
Tuesday, November 5, 2019
Oil, Gas, Energy, Economy, Offer, Certificate of deposit

: 131347 CC8, U13055 AQ8 and 131347 CD6) (collectively, the Notes) from holders of each series of Notes (the Offers).

Key Points: 
  • : 131347 CC8, U13055 AQ8 and 131347 CD6) (collectively, the Notes) from holders of each series of Notes (the Offers).
  • The terms and conditions of the Offers are described in an offer to purchase, dated October 23, 2019 (the Offer to Purchase).
  • Accordingly, holders of Notes who validly tender and not withdraw their Notes before the Early Tender Date will be able to receive the previously announced Total Consideration for each series of Notes.
  • Calpine Corporation may, in its sole discretion, terminate, extend or amend the Offers at any time as described in the Offer to Purchase.

Optus Bank Receives $245,547 Award from the U.S. Treasury CDFI Fund

Retrieved on: 
Wednesday, September 25, 2019
Economy, Financial services, Finance, Ethical banking, Community development financial institution, Federal Deposit Insurance Corporation, Community Development Financial Institutions Fund, Certificate of deposit, Bank, Community development bank

COLUMBIA, S.C., Sept. 25, 2019 /PRNewswire/ --Optus Bank is honored to be one of 113 banks nationally that received a financial award from the CDFI Fund's Bank Enterprise Award (BEA) program.

Key Points: 
  • COLUMBIA, S.C., Sept. 25, 2019 /PRNewswire/ --Optus Bank is honored to be one of 113 banks nationally that received a financial award from the CDFI Fund's Bank Enterprise Award (BEA) program.
  • The BEA Program provides awards to FDIC insured depository institutions that have increased investments in the most economically distressed communities.
  • Optus Bank received the award because of the increase in lending to economically distressed communities in 2018.
  • Optus Bank is a federally designated Minority Depository Institution, a U.S. Treasury Certified Community Development Financial Institution and an FDIC insured depository.