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If an account is interest based then any amount is fine

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Q: At a bank to receive interest is a minimum balance required?
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What bank has the best interest rates?

My personal favorite is Ing Direct in Canada for several reasons: 1. 1.35% interest for (ISA) 2. No fees No minimum balance 3. They give away free money if you put an Orange Key when opening an account with a minimum balance of $100 you will receive $50 as a reward. My orange key is 17032661S1 if you enter this when opening an account we both recieve $50. 4. Great customer service. Win, Win, Win is all Ing Direct is.


If you pay one dollar a day can the credit card companies sue you?

The minimum monthly payment based on your balance is what you need to pay in order to stay in the credit company's good graces. The minimum payment includes a portion of the principle and interest for the month. One dollar a day might be enough if you have a low balance and a low percentage rate, but it seems like a risky way to look at it. Pay the bill as soon as you receive it.


You didn't receive or I haven't received?

I did not receive interest for the year for my annuity.


Is the money you receive for letting others use your money called interest?

Interest


Is FAFSA required for a student loan?

Yes, you must fill out a FAFSA if you would like to receive a Direct Subsidized Loan or a Direct Unsubsidized Loan. You must also fill it out if your parents would like to receive a PLUS loan for your education. A FAFSA is not required if you would like to receive a private loan from a bank. Private loans may have a higher interest rate. They will do a credit check and they may require you to have a co-signer.

Related questions

What is minimum cash balance policy?

This is the minimum amount of cash that you need to keep in your bank account in order to keep your account open or receive interest. In most cases, it is a relatively small amount.


Does Chase bank have free checking accounts?

Chase Bank does have free checking as long as you have a minimum balance of 100 dollars. there are also interest bearing checking accounts were if you maintain a balance of at least 1500 dollars your account will receive interest on your checking account.


Eric earns 6.5 percent simple interest annually on his savings account he has a beginning balance of 459.32 How much interest does he receive?

29.86


Calculate the simple interest you would receive in one year on a savings account that earns 5 percent annual interest What if your beginning balance is 255.19?

12.76


Calculate the simple interest you would receive in five years on a savings account that earns 7.5 percent annual interest What if your beginning balance is 1236.59?

463.72


What is the minimum education required for roofing?

There is no educational requirements for a roofer. Most all receive on-the-job-training.


What bank has the best interest rates?

My personal favorite is Ing Direct in Canada for several reasons: 1. 1.35% interest for (ISA) 2. No fees No minimum balance 3. They give away free money if you put an Orange Key when opening an account with a minimum balance of $100 you will receive $50 as a reward. My orange key is 17032661S1 if you enter this when opening an account we both recieve $50. 4. Great customer service. Win, Win, Win is all Ing Direct is.


What is the lowest that must be paid to a debt collector?

There is no set minimum amount. Many want to receive at least the interest on the principle.


Calculate the simple interest you would receive in five years on a saving account that earns 7.5 annual interest Your beginning balance is 1236.59?

The simple interest over a period of five years is $463.70


If you pay one dollar a day can the credit card companies sue you?

The minimum monthly payment based on your balance is what you need to pay in order to stay in the credit company's good graces. The minimum payment includes a portion of the principle and interest for the month. One dollar a day might be enough if you have a low balance and a low percentage rate, but it seems like a risky way to look at it. Pay the bill as soon as you receive it.


Who has the best international savings rates?

There are several good international banks with good rates. The amount of interest you receive will be based on your balance amount.


Relationship between required rate of return and coupon rate on the value of a bond?

required rate of return is the 'interest' that investors expect from an investment project. coupon rate is the interest that investors receive periodically as a reward from investing in a bond