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      1,892 results found

      1. Getting Started Managing Money
        Learning how to manage your finances is no small task! Old National has resources, products, and services to help you take control of your financial future.
      2. What are the replacement rates for LIBOR?

        Although options for replacing LIBOR continue to evolve, Old National has currently identified the following potential replacement options for our clients:

        1. Secured Overnight Financing Rate (SOFR)
        2. Term SOFR

        The Secured Overnight Financing Rate or SOFR is the replacement benchmark recommended by the New York Federal Reserve’s Alternative Reference Rate Committee (ARRC). (See references below for more information on the work of the ARRC.) SOFR is derived from transactions that are executed in the overnight repurchase agreement (repo) market. These transactions are executed between banks and other intermediaries and are often collateralized by US Treasury securities. The market for SOFR is very deep and liquid with nearly $1 trillion in underlying transactions executed daily. 

        While SOFR has been identified as the replacement index for LIBOR, there are multiple calculation methodologies which have been developed given that SOFR is a daily rate. The CME Term SOFR Reference Rates benchmark is a daily set of forward-looking interest rate estimates based on the SOFR futures contracts. CME Term SOFR Reference Rates are calculated and published for 1-month, 3-month, 6-month and 12-month tenors. Like LIBOR, CME Term SOFR Reference Rates are forward-looking, and the rate is set at the beginning of the period and interest is paid in arrears.

      3. Federal Debt When Interest Rates Rise
        When interest rates rise, how much will the interest cost of the federal debt increase?
      4. What Rising Interest Rates Mean For Business
        Short=term and long-term interest rates Dr. Bill Conerly based on data from the Federal Reserve System Some interest rates have begun to rise, with
      5. Earn Financial Security With These 4 Savings Accounts
        Savings Accounts to Help You Reach Your Financial Goals
      6. Where can I find rates on the website?

        Currently, most deposit and loan rates are not listed on our website, as it is best for us to discuss your specific needs and the best options available to you. Please visit a banking center near you.

        We do provide our latest mortgage rates online. Visit our Mortgage Purchase Rates page or our Mortgage Refinance Rates page, depending on your needs.

      7. More Than Just Rates: How to Compare Homeowners Insurance Policies
        Buying a homeowners policy for the first time — or shopping around for a new one — can be a challenging experience. Homeowners insurance can seem very complicated, particularly when most of us just want good coverage for our home for common disasters from a reputable insurer at a good price. The first step in a hunt fo
      8. 4 Reasons It’s Actually a Good Time to Buy a House (for Some People)
        A record number of Americans think it’s a bad time to buy a house, and with housing costs near an all-time high, it’s hard to blame them. Mortgage
      9. VIDEOS: Smart Money Half-Minute
        Build a strong financial future, 30 seconds at a time. Watch these videos and you’ll no longer be a novice. Come back often—we regularly upload new ones!
      10. Millennial Money: 3 steps to breaking unhealthy money habits
        Some bad habits affect our physical health, like smoking, nail biting or eating too much junk food. But others take a toll on our financial health.