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Does an interest-bearing account pay interest to the depositor when an average minimum monthly balance is maintained?
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What is A paycheck is electronically transferred into the depositor's account without the depositor having to come to the physical location of the credit union office?
direct deposit
How has the rate of interest on Savings accounts changed in India from 2010?
With effect from April 1st 2010, there is a small change in the way the interest accrued on our bank account is calculated.Earlier Method: The minimum balance maintained in the account between the 10th and the last day of the month (say 30th or 31st) will be taken for the interest computationNew Method: The balance at the end of every day will be taken into account for interest computation.
What is the interest rate for current account?
0% Most current accounts do not offer any interest on the balance maintained with them. This is because, the money held in a current account is highly liquid and can be withdrawn any time. So, in order to compensate for the liquidity, banks offer very little to 0% interest. Even if they offer any interest it may not cross 1% per annum.
What is a compound interest savings account?
Its where your savings account earns interest on the interest.
What is the difference in counter deposit and deposit?
A counter deposit is made using a blank deposit slip furnished by the bank - the depositor has to write in their own name and account number. A deposit is typically made with a pre-printed deposit slip that the depositor brings to the bank with them.
The cash account in the depositor's ledger is a?
In the depositor's ledger, its cash account is an asset with a debit balance. Account assets also includes accounts receivable and inventories.
Definition of checking account?
an account at a bank against which checks can be drawn by the account depositor.
What is the full form of DAN?
Depositor Account Number
Where can I find the highest interest rate on a savings account?
You can compare the highest interest rate on "MONEY RATES".They regularly monitor rates from over 200 banks and show the highest saving account rates.Saving account are FDIC-insured upto $250 per depositor. URL:www.money-rates.com/savings.htm
How do you issue a cashiers check?
A bank issues a cashiers check,on behalf of a depositor, by setting funds aside from the depositor's account.
What is an example of direct finance A. An investor calling up their broker and purchasing a bond. B. An investor purchasing a mutual fund. C. A depositor opening an account a?
A depositor opening an account
What is a type of checking account that also earns interest these accounts generally have a minimum balance?
A type of checking account that also earns interest is called an interest-bearing checking account. These accounts typically require a minimum balance to be maintained in order to earn interest.
A paycheck is electronically transferred into the depositor's account without the depositor having to come to the physical location of the credit union office?
Direct Deposit
What is A paycheck is electronically transferred into the depositor's account without the depositor having to come to the physical location of the credit union office?
direct deposit
What are noninterest-bearing deposits?
Noninterest-bearing deposits are funds held in a bank account that do not earn any interest for the depositor. These deposits typically include funds in checking accounts and some types of demand deposit accounts. Unlike interest-bearing deposits, noninterest-bearing deposits do not generate any additional income for the depositor.
What are the benefits of an orange account?
High interest, no fees, no miniums, FDIC insured up to 250,000.00 per depositor. It links with you currently checking account and no worries are transfers. Also if you open and account with ING right now..they will credit a FREE $50 into that with no strings attached!
A check drawn by a depositor in payment of a voucher for 725 was recorded in the journal as 257 What is the required in the depositor?
Depositor's account need to be increased by 468 to actually show the correct balance in books of accounts and that is the difference in both amounts.
