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interest rates increasing like loan interest rates

Rising interest rates have been a hot topic the past year, as the Federal Open Market Committee (FOMC) raises interest rates for the Federal Reserve system, the central bank of the United States.

Many business owners wonder what rising interest rates mean for their business in terms of loan and savings interest rates and wonder why loan interest rate increases aren’t mirroring savings rate increases.

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Jon Stewart, Retail Team Leader, Coastal Community Bank, said he talks to customers daily about their questions regarding interest rate increases.

“Customers often ask why savings interest rates aren’t increasing the same way loan rates are, and how the federal fund rate (fed fund) increase affects home loan interest rates,” he said.

“I’ve been in banking a long time, and it’s understandable for even the savviest to have questions like these because, historically, interest rates have acted differently.”

Why are savings rates not increasing as much as loan rates?

Stewart explained that typically, as the Federal Reserve moves the fed fund up and down, financial products that are variable and tied to some sort of agreement or contract are also likely to move right away. For instance, variable rate loans and certificates of deposit are tied to a particular index like fed funds or prime rate, and their rates move accordingly.

However, Stewart explained that when it comes to increasing or decreasing other deposit rates, that is up to the individual bank and how they manage their balance sheet (loans and deposits) and the type of loans they offer. Banks that offer consumer loans at higher interest rates may be more willing to pay more on savings accounts because the increased cost of that higher savings account is offset by the interest on the loan.

Goal 3: Collective responsibility for student success

• Our culture at Mukilte o School District — improving the employee experience

• Be coming a district working together in support of students — “One Mukilteo School District”

Goal 4: Effective Systems and Structures

• Creating clear processes that help us serve our students and families better

• Creating an excellent communication face, divers can lose consciousness or develop symptoms similar to those of a stroke. When bubbles occur in arteries, they may travel to any organ in the body and block small blood vessels, most commonly those of the brain, but also of the heart, skin, and kidneys.

The Divers Alert Network (DAN) says that arterial gas embolism can occur following a rapid ascent without adequate exhalation. As a diver ascends, air in the lung expands. If the diver fails to exhale sufficiently, the expanding air may rupture lung tissue and release gas bubbles into the arteries (arterial gas embolism) or elsewhere in the body.

The condition also can occur if a div-

Why do some financial institutions offer special savings account rates and others don’t?

Stewart explained that customers ask him why they see CD specials and special interest rates at some financial institutions while others aren’t offering those specials.

“Some financial institutions will offer a much higher rate of return in the short term to attract new customers,” he said. “Other banks may increase rates to remain competitive. As banks offer these rates, they will need to find ways to offset the increased cost of and customer service experience for our staff, students, and families

Some of the above goals and actions are already happening, but we’re finding ways to improve, expand and measure them. The strategic plan is much more detailed, and staff, students, families, and community members will continue to be part of the process and receive updates as we implement the strategies later this year and beyond.

I am optimistic that as we open the doors to an exciting school year for students, we will help recover their academic skills and emotional well-being in many ways. The first day of school for many students is to- er holds his or her breath too long while underwater or if a diver surfaces from the water too quickly, according to Healthline. com. paying this higher interest rate. When the Fed lowers the rate, which they will eventually, they must still pay the same high rate on those accounts.

The best way to avoid arterial gas embolism and other pressure-related injuries is to ascend slowly. DAN added that there are instances of arterial gas embolism occurring after an otherwise normal, safe ascent due to medical factors such as asthmas, infections, cysts, tumors, scar tissue from surgery, or obstructive lung disease.

First aid treatment is to administer oxygen. In the hospital, the diver is often administered pure oxygen and placed in a hyperbaric chamber under high pressure, which will force the gases in the embolism to dissolve into the blood, clearing the embolism.

“It’s different now than it has been in the past for a few reasons,” Stewart continued. “Savings rates have not been rising at the same pace. In the past, banks would increase savings account interest rates to help encourage people to hold their money in a Bank’s savings account, i.e., a money market, Certificate of Deposit (CD), or savings account, so the bank can use the money to lend. The difference now is that day, but others are engaging in transition activities to support their first days and secure a solid foundation for the school year. We facilitated the same activities last year and received very positive feedback, so we are repeating them this year. Elementary families are participating in family/teacher conferences the first few days of school. Students in grades 6 and 9 are the only students attending the first day of middle and banks have more deposits than in years past and don’t necessarily need more deposits to offer loans. Increasing savings account rates is not as necessary as in the past.”

How does the federal fund rate impact home loan rates?

“This is where it gets confusing and complicated,” Stewart said. “The federal fund rate is just one of the multiple factors in mortgage interest rates and influences short-term and variable-rate mortgages that reprice more frequently.” high school so they can receive the support needed to get to know their new campus, schedule, expectations, etc. Students in other middle and high school grades will join on Sept. 8. night. We did some good things in the second half, but we couldn’t finish anything, and some of that comes with youth.”

He further explained that longer-term fixed-rate mortgages tend to be more influenced by the 10-year treasury, interest rate curve, and longer-term inflation expectations.

Stewart said every business and financial institution has different goals and needs, and the increase and decrease in rates can have an impact.

He encourages businesses to speak to their banker about any questions about the rate environment and how they can work with them to help plan in the current economic climate.

Jon Stewart is VP, Retail Team Leader, at Coastal Community Bank. For more information, contact a banker at one of Coastal’s 14 local branches. www. coastalbank.com Member FDIC. Equal Housing Lender .

We continue to look for new and better ways to support students and families as needs change. If you have a child going to school this fall, I hope you have a great start and a productive school year!

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Penalties and youth most times go hand in hand. The Eagles were aided by three consecutive third-down penalties on three separate possessions that led to 21 unanswered Arlington points.

“They went on and scored after all those penalties,” Thomas said. “That’s the nature of the game. When you look at how the game went, that’s what happens if you’re not a good football team, and so you are not going to beat a good football team.”

The collapse started in the second quarter after the Knights took a short-lived lead. After moving the ball to midfield, the Eagles faced third down and long. Kamiak could have gotten them off the field by forcing a fourth down, but an offsides penalty extended the Eagles’ drive. A few plays later, Falor tossed an 8-yard touchdown to Jake Wills to even the battle at 14.

“We had a lot of penalties,” junior lineman Journy Notoa said. “But we played better than the score shows. We made too many mistakes, especially the penalties. Coach is fair, but I know we will have a lot to work on at practice.” u from GOLD page 4 probably have a gun and a very small percentage actually carry a gun on their person. So that drops the population of armed citi-

The Eagles continued to capitalize on Kamiak’s presnap mistakes. A second consecutive third-down penalty helped Arlington move down the field. Four plays after the penalty, Falor threw a gem of a pass 32 yards to Neil Caroll in the left corner of the endzone with 2:33 remaining in the second quarter, handing the Eagles a 21-14 lead at halftime.

“We’re a young team,” Thomas said. “We are literally starting nine new players on defense. So, we’re going to take some lumps along the way. It’s going to take some time for us to gel.”

The Knights helped the Eagles stay on the field on their first possession in the second half with their third, third-down penalty, and once again, the Eagles made the Knights pay.

The Eagles methodically marched down the field. Spencer Fisher, on a reverse, threw a floater to Falor that went for 23 yards. Running back Cody Graham broke free

Students packed the stands for Kamiak’s home opener against Arlington. for a 12-yard run, placing the Eagles on the Knights’ 19-yard-line. Two plays later, Fischer scored from three yards to give Arlington a 28-14 lead.

“They (the Eagles) are a good football team,” Thomas said. “But they didn’t make the same mistakes our young guys made. To me, that was the difference of the game.” zens you might bump into down to maybe 1 in 100.

As a very large percentage of gun owners are not certified “wackos”, you are not very likely to run into a moron who might just decide to shoot others at random. So, again, you are relatively safe. I would not suggest withdrawing a few thousand dollars from the bank and publicly announcing it to the masses that surround you in public. Probably not a good idea. u from CHPW page 4 medical providers – want more choices and options in managing chronic pain and in supporting mental health. Sometimes invasive procedures and medication are neces-

Last, what about running into “wackos” at random? Most of these deranged people get all wound up by what, in their view, the “world has done to them.” It is pretty easy to spot them on the street.

Those yelling obscenities at random should be avoided. Cross the street, or move as far away from them on any public transit you may be riding. Likewise, those dressed (barely) in rags with an aluminum tin foil hat on should also be given a wide berth.

As to all the rest of the things that put you in danger, if you combine things like house fires, auto accidents, and plane crashes, those odds are so infinitesimal as to not be worth worrying about.

Likewise, computer hacking and/or computer scams are generally a) easy to protect from (make sure you have a good anti-virus program) and b) the scammers are so blatantly obvious that you’d have to be half asleep and not paying attention to fall for one of them. As soon as one of them says anything like: “open up your computer and go to this website” you should simply hang up.

As many noted philosophers say: “You pays your money and you takes your chances.” sary, and if that’s the case, your doctor or primary care provider can discuss that with you. But while not for every condition, often there is room for other treatment options that are less invasive or dependent on medication. Acupuncture, chiropractic care and massage therapy are all safe, proven effective treatment options.

This is why health plans like Community Health Plan of Washington are starting to cover the costs for these treatments to meet this need. Our members have asked for coverage for these alternative treatments because these therapies are effective, and we want our members to have access to more non-invasive and drug-free treatment options.

Community Health Plan of Washington is a not-for-profit that serves over 280,000 people across the state through Apple Health (Medicaid), Medicare and Individual & Family insurance plans. To learn more, visit chpw.org.

Darin M. Elkins Financial Advisor

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