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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.
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∙ 10y ago
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Which bank has the best certificate of deposit?
GE Capital Retail Bank has the best certificate of deposit. The APY rate is only 1.050% and the rate is 1.040% and is compounded daily. The minimum deposit is $25,000.00.
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 plural of certificate of deposit?
Certificates of deposit.
Can Owner of deposit certificate sell it?
No. A Deposit Certificate cannot be sold. It can only be cashed by the person who took the deposit certificate so buying it would be a bad idea because if anyone else tries to cash the deposit certificate, the bank will not pay them.
How would you use a certificate of deposit?
well first you would start the start the deposit of your certificate. I would recomend waiting so your Certificate of deposit can mature with growth. Be sure to add the exact intrest rate of your certificate and be sure to use a calculator to determine your amount of the certificate deposit
What are the dimensions of a safe deposit box?
certificate of deposit
What is a IRA Certificate?
What is IRA certificate of Deposit? In such certificate of deposit, investor can own Roth IRAs or traditional IRAs together with CD inside their accounts. The terms and conditions of such certificate of deposit are same as a regular certificate of deposit. The only difference is that the fund is contained within IRA account. There are brokerage firms who help retiree to fix the terms of their IRA account, so that they can direct the investment funds to various risk and risk free domains to attain the best possible benefit. One can own certificate of deposit within the self-directed IRA account. Enhanced advantages of tax are involved within the certificate of deposit owned within the IRA account.
Where can one find information on how to get the best certificate of deposit rate?
One can find information on how to get the best certificate of deposit rate by going to their local bank and asking someone in the investments department. One can also find this information online at various banking sites.
What is a bank CD?
A CD refers to a Certificate of Deposit. It is a certificate given to you by a bank for depositing cash with them. They would pay you an interest for having the deposit with them.
Is a certificate of deposit debited or credited?
Certificate of deposit is a current asset account and that's why it has a debit balance as a normal balance.
Where can someone get the certificate of deposit accounts?
A certificate of deposit is also commonly known as a time deposit which can be purchased in banks and credit unions that are located in the United States of America.
How do you replace a lost certificate of deposit?
To replace a lost certificate of deposit: locate any of your bank statements showing your account details, then contact the bank that issued you with the certificate of deposit, then provide documentation to prove your identity, then pay the requested fee and wait for your certificate to be reissued.
