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because unlike CDs, money market mutual funds ____________________are not insured by the FDIC (gradpoint)
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.
Banks pay interest on deposits - in return for investing their customers money in high risk returns.
Banks mobilize deposits by making finances and by investing in various financial markets. Basically deposit mobilization is related to the creation of credits. The banks would have special campaigns where they would interact with a lot of people and invite them to make deposits with their bank.
Certificates of deposit.
because unlike CDs, money market mutual funds ____________________are not insured by the FDIC (gradpoint)
Their are many ways of investing money to allow maximum growth. Money markets and Certificates of Deposit that yield high interest rates are very popular.
TD Ameritrade is often done online where you can look at stock trading, investing, and other online stock options. It is a good idea to talk with a broker before you do that, however.
A short term investment could be something that you would use in the next couple months or years, such as a Certificate of Deposit. A long term investment would be something that you may not be using until your retirement.
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.
Some ways of investing money without risks is to deposit money into a savings account with a conservative bank for example PNC bank is just one to name and any other bank which did not collapse or even be phased back in 2005 when many radical investing banks crashed. Another way is investing in construction or expansion of small businesses that need it and contract a small percentage of interest back to you when the business is done with the construction or expansion.
Banks pay interest on deposits - in return for investing their customers money in high risk returns.
You must complete the paperwork first in order to cash in certificate of deposit. You signature is important because it shows that you need to cash in the certificate.
Almost anywhere one can obtain a savings account, they can obtain a certificate of deposit. CDs are effectively savings accounts with a fixed length of time the money is held for (usually with a penalty for withdrawing early). Paying a larger principal, and investing for longer terms should get you a higher yield.
Banks mobilize deposits by making finances and by investing in various financial markets. Basically deposit mobilization is related to the creation of credits. The banks would have special campaigns where they would interact with a lot of people and invite them to make deposits with their bank.
Certificates 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