Business Certificates of
Deposit
Certificates of Deposits are a convenient investment
vehicle with a broad variety of maturities to meet your company's short-,
mid- or longer-term needs. If your business would like to set aside funds
for use at a specific time in the future, we can develop a CD with a term
that will fit your plans. Our selection of CD products is flexible
and convenient. For more information e-mail
or call us at 800-980-9277.
Investment Services
Investments play a key role in any prudent, long-term
financial plan. That’s why MWBank has taken the time to
develop a number of investment services and investment choices. Our
investment professionals can help you match your objectives and needs with
the right investments.
Government Securities
Treasury Bills
These securities are obligations of the U.S. Government to pay the
bearer a fixed sum at the bill’s maturity date. They provide the
investor with a high degree of security and liquidity and are exempt from
state taxes.
Treasury Notes and Bonds
Treasury Notes and bonds, like Treasury Bills, are obligations of the
U.S. Government to pay the bearer a fixed sum at a maturity date.
Maturities range from two to 30 years.
These securities usually provide higher yields than Treasury Bills while
still maintaining liquidity and exemption from state taxes.
Federal Agency Obligations
Federal Agency Obligations were created by Congress to
support specific needs in the nation’s economy. These agencies finance
funding requirements through the public sale of bonds and notes. These
securities are not obligations of the U.S. Government, but rather of the
Agency that issues them. They all provide fixed income with minimal risk and pay
higher yields than U.S. Treasury securities of similar maturities.
Federal Farm Credit Bank Bonds (FFCBs)
The Federal Farm Credit Bank provides short and
intermediate credit for the agricultural industry.
Federal Home Loan Bank Bonds (FHLBs)
The Federal Home Loan Bank issues bonds to raise money
for loans to member institutions of the Federal Home Loan System.
Federal
National Mortgage Association (FNMA)
Usually referred to as “Fannie Mae”, this
association was created by an Act of Congress, but is now a publicly owned
corporation with a status similar to that of the Federal Home Loan Banks.
FNMA provides liquidity for the nation’s secondary mortgage market.
Government National Mortgage Association
Commonly referred to as “Ginnie Mae”, these securities are issued by
the Government National Mortgage Association. They are backed by a
registered FHA and VA mortgages. They carry Ginnie Mae’s guarantee of
timely payment of both principal and interest. Unlike other Federal Agency
Obligations, they are backed by the full faith and credit of the U.S.
Government.
Federal Home Loan Mortgage Corporation (FHLMC)
Commonly referred to as “Freddie Mac”, this corporation is a
government-sponsored enterprise. Freddie Mac maintains an active,
nationwide secondary market in conventional residential mortgages. It does
this by purchasing residential mortgages from individual lenders, grouping
the purchased mortgages into pools and subsequently selling securities
backed by such mortgages.
Student Loan Marketing Association
Often called “Sallie Mae”, this association provided liquidity for
agencies and institutions engaged in the Guaranteed Student Loan Program.
Money Market Investments
Commercial Paper
Commercial Paper represents an unsecured promissory note issued by an
industrial, commercial or financial company. Investors actually lend the
issuer money for a specified number of day at a specified rate of
interest.
Repurchase Agreement
This agreement involves a short-term sale of securities by the Bank and
their subsequent repurchase after a specified period of time. The initial
sale and the repurchase are made at the same dollar price with an agreed
upon rate of interest paid to the initial buyer by the seller at the time
of purchase. These investments are often referred to as “Repos”.
Safekeeping of Securities
MWBank offers automated safekeeping of
your securities. When you choose to have us hold your securities in
safekeeping, you have the assurance that they are safe and immediately
available for trading. Plus, our automated feature assures timely payment
of interest or principal. Your quarterly statement will show current
values of all securities we hold.
Tax Exempt Investments
Municipal Securities
These are debt obligations of state or local governments. They represent
the user’s promise to pay a specified rate of interest on the principal
amount of the security until its maturity. Municipal securities consist of
both long and short-term issues.
For more information about the features of these various
investment options or to discuss which option would be best for you email
or call
any of our investment professionals at 800-980-9277.
