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Are certificate of deposits taxable?
No, the monies that are in your Certificate of Deposit are not taxable but the interest that you make on the deposited monies are taxable. You should receive a 1099-B each for the amount of interest made on the CD for the year. http://taxresolutionaries.blogspot.com
What is the journal entry for accrued for interest on certificate of deposit?
debit interest receivablecredit interest income
What is the certificate of deposit interest rate?
Each bank that charges interest for a certificate of deposit is going to charge differently. This question does not specifically mention the bank. The average interest rate, is around 1.000%.
What is a preorganization certificate?
certificate issued by entity planning to incorporate, but needs to solicit investor interest in such.
Where can I find interest rates for a high certificate of deposit?
Interest rates are printed daily in the newspaper.
Where can one obtain a certificate of deposit interest?
One can receive a certificate of deposit interest from their bank. They could also log on to their digital banking account and find out that way it's easy.
How do I get the best high certificate of deposit interest rates?
You will recieve a higher rate of interest as your deposit amount increases.
What is the bank with the highest Certificate of Deposit interest rate?
Everbank has a very high interest rate right now.
Which financial product typically pays the highest rate of interest?
certificate of deposit
A certificate of deposit is best for?
A certificate of deposit is best for savings as they have a fixed interest rate. The drawback is that you should not cash it in until it reaches maturity.
Where can I learn more about high certificate of deposit interest rates?
You can learn more about high certificate of deposit interest rates at cdrates.bankaholic.com and www.bankrate.com/cd.aspx. Additionally, both sites provide reviews of the different CDs available.
What is a certificate of deposit interest rate?
A certificate of deposit interest rate or CD is a time deposit, a financial product commonly sold in the United States by banks, thrift institutions and credit unions. CDs are similar to savings accounts.
