If you had 71 million dollars, you could. But if that bank went out of business, since the FDIC only insures 1 million dollars per account, you would only get 1 million dollars back from your 71 million. But if you put 71 mil. in a bank, i highly doubt it would go out of business.
yes you can but check out how much they insure per accout, get some cd's etc
To keep your money safe without putting it in the bank you could put it in a safe, you'd need a password to get in the safe and access the money so nobody would be able to find it and take it.
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The amount of time it takes to get a million dollars in cash depends on the plan put into action by the individual. Personal finances, saving plans, and investments contribute to the goal of having a million dollars.
thr divident payment on one million dollars will be 10 dollars for every 100 dollars. so to put it simply divide 1 million dollars by 100 dollars then multiply by 10 . o and dont forget the tip for the broker is really important so he can get you better deals. hope this helps
RBC is a FDIC ins bank which is insured up to 300,000 dollars. So it is safe to put your money into the bank.
yes you can but check out how much they insure per accout, get some cd's etc
Easy, I would buy a nice house, take some vacations, and put rest in the bank to save.
If you put two thousand in the bank every year you'd only get to 100,000 which is a tenth of your target. You will not make up that difference in interest.
To keep your money safe without putting it in the bank you could put it in a safe, you'd need a password to get in the safe and access the money so nobody would be able to find it and take it.
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By Investing regularly from a young age in proper investment options like bank deposits, mutual funds etc you can definitely save a million dollars.. Being consistent in investment is most important..
Actually speaking there is no limit on the amount of money you can put into your bank account. You can deposit as much money as you want, as long as you can provide the source of the funds. For ex: if you hit the lottery for 1 million dollars, you can happily deposit the money into your account because the source of the money is known. Whereas, if you found 1 million dollars somewhere in a duffel bag in a train, you cannot deposit it into your account because, technically the money does not belong to you.
The amount of time it takes to get a million dollars in cash depends on the plan put into action by the individual. Personal finances, saving plans, and investments contribute to the goal of having a million dollars.
becusse he put sall his money into millatary and his wine celler and uses his money on him self. He has 2 million dollars stocked up in a forigen bank.
Yes, to write "one point seven million dollars," you can write $1.7 million.
to deposit money in the bank you need more than what you want do deposit because the bank charges 10% of what you deposit. for example you want to deposit 1000000 dollars, you must posses 1100000 dollars to have the 1000000 dollars put in the bank.