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What does Next Maturing Amount on an IRA mean?
I assume you are talking about a bank IRA CD? Brokerage IRA don't mature or have a maturity date like bank IRA CD's. In bank IRA CD's, the maturing amout would be the amount deposit when the CD was open and the accrued interest that the CD has earned from opening time to maturity date (i.e 1 years, 2 year, etc). If you take the amount out before maturity date, then there would be a penalty that the firm which holds that CD would deduct from the current CD amount (amount deposit + the interest that has already been earned).
Is home loan interest calculator a basic necessary if yes then why?
Home loan interest calculator is necessary to check the interest of the loan before purchasing, however the interest can change when actual purchasing, therefore it is necessary to get a basic information and idea only.
How do you calculate closing number in stock market?
"Closing number?" Closing price is the last price that the stock traded before the closing bell. Closing number could be the amount of shares that traded that day? Not quite clear on the question.
How do you calculate cumulative percent?
Add each new individual percent to the running tally of the percentages that came before it.For example, if your dataset consisted of the four numbers: 100, 200, 150, 50 then their individual values, expressed as a percent of the total (in this case 500), are 20%, 40%, 30% and 10%.The cumulative percent would be:100: 20%200: 60% (i.e. 20% from the step before + 40%)150: 90% (i.e. 60% from the step before + 30%)50: 100% (i.e. 90% from the step before + 10%)
Does a Indian rupee sign come before or after the amount?
Before.
I want to withdraw the recurring deposit money before maturity?
It is difficult to withdraw a recurring deposit before its maturity. Banks will typically make a person wait one year before withdrawal.
Will you get benefits if you withdraw before the flexi deposit scheme maturity period?
Yes, under flexi deposit option you can withdraw before the maturity period and yet get a portion of profits.
When a CD is cashed before its maturity date the deposit must pay a?
Penalty.
How the interest is calculated on pre mature fixed deposit?
if 5.5year fixed deposit amt 5000 on 17.01.2012 than the customer withdraw thier amt before maturity date @5% per aanum so, hou many amt he can receive
What are fixed deposit accounts?
A Fixed deposit account is one in which you deposit a specific amount of money with a bank for a specified duration of time. you cannot withdraw that money before its maturity date. if you do you would have to pay a penalty for doing the same. usually fixed deposits offers us a higher rate of interest than normal bank accounts
Can a bank choose to close a CD prior to maturity due to risk associated with the deposit?
No. Actually speaking, there are no risks associated with a deposit from the bank side. They already have the money. The only person who should worry about the risk associated with the deposit is the customer who has placed the deposit and he/she can choose to close a CD anytime they want even before the maturity date. Only the customer who opened the CD (not even the bank) can close a CD prior to the maturity date.
Can bank close your deposit account?
Sure you can. It's your money and your account and you can close it anytime you wish. However, if you are closing your deposit account before its intended maturity date the bank can charge you a small penalty on the interest component for doing so. But the original money you deposited will not be touched and will be refunded in full when you close the account.
What does Next Maturing Amount on an IRA mean?
I assume you are talking about a bank IRA CD? Brokerage IRA don't mature or have a maturity date like bank IRA CD's. In bank IRA CD's, the maturing amout would be the amount deposit when the CD was open and the accrued interest that the CD has earned from opening time to maturity date (i.e 1 years, 2 year, etc). If you take the amount out before maturity date, then there would be a penalty that the firm which holds that CD would deduct from the current CD amount (amount deposit + the interest that has already been earned).
How do you calculate profit?
you take the earning before interest and taxes
How do you describe a time deposit?
A time deposit has to be left in the bank for a certain period of time. If it stays for the entire time in the bank, the depositor will receive a little more when the time deposit is withdrawn. A time deposit taken out before the date of maturity will be subject to penalties and the total amount might be less than the original deposit.
Can you withdraw money anytime from your reccuring account?
No. Recurring Deposits have a maturity date and you can withdraw the money only after the deposit matures. If you want to withdraw the money before maturity date, the bank will charge you a penalty for doing so.
Are most deposits fixed rate or variable rate?
Deposits offer only a fixed rate of interest. Though this rate of interest gets changed once in a while, a deposit which was opened before this interest rate change does not get altered. It will continue to earn the same rate of interest as was promised when the deposit was opened.
