0
WHAT IS IT CALLED WHEN money earned on savings accounts and other funds?
Wiki User
∙ 7y agoWant this question answered?
Be notified when an answer is posted
Add your answer:
Earn +20 pts
Why do companies offer easy access savings accounts?
Savings accounts for banking and financial companies are a cheap source of funds. Companies pay interest on Savings accounts at a lower rate compared to term deposits and hence is a cheap source funds.
What does near money include?
deposits in savings accounts and money market mutual funds
Which of the following does near money include?
deposits in savings accounts and money market mutual funds.
What are the benefits to having an Ameritrade Account?
Ameritrade Accounts give access to trading platforms that help one to manage their own investments. Other accounts they offer include retirement and pension funds, investment savings and flexible savings plans.
When people invest your mutual funds they are making loans to banks and their investments are insured by the FDIC is this true or false?
Mutual funds accounts are not insured by the Federal Deposit Insurance Corporation. The FDIC only insures bank accounts (i.e., checking accounts and savings accounts, not mutual funds accounts). Anyone who invests in mutual funds is taking a certain amount of risk. Those funds can (and usually do) increase in value, but they can also decrease in value. If they decrease in value, that money is not going to be repaid by insurance. It is simply lost.
Why do companies offer easy access savings accounts?
Savings accounts for banking and financial companies are a cheap source of funds. Companies pay interest on Savings accounts at a lower rate compared to term deposits and hence is a cheap source funds.
What does near money include?
deposits in savings accounts and money market mutual funds
Which of the following does near money include?
deposits in savings accounts and money market mutual funds.
What banks offer education savings accounts?
Many banks offer education saving accounts. For example Cook & Bynum Fund, Gabelli Funds, Oakmark Funds, Scottrade and TD Ameritrade offer this sort of account.
What are the benefits to having an Ameritrade Account?
Ameritrade Accounts give access to trading platforms that help one to manage their own investments. Other accounts they offer include retirement and pension funds, investment savings and flexible savings plans.
When people invest your mutual funds they are making loans to banks and their investments are insured by the FDIC is this true or false?
Mutual funds accounts are not insured by the Federal Deposit Insurance Corporation. The FDIC only insures bank accounts (i.e., checking accounts and savings accounts, not mutual funds accounts). Anyone who invests in mutual funds is taking a certain amount of risk. Those funds can (and usually do) increase in value, but they can also decrease in value. If they decrease in value, that money is not going to be repaid by insurance. It is simply lost.
What types of bank accounts are presently available on the money market?
There are several types of bank accounts available on the money market, including savings accounts, checking accounts, money market accounts (MMA), and certificates of deposit (CDs). Savings accounts offer a higher interest rate than regular checking accounts and are typically used for long-term savings goals. MMAs offer a higher interest rate than traditional savings accounts but may require a higher minimum deposit. CDs are time deposits that lock in the invested funds for a set period with a fixed interest rate.
What is the investment advantage and disadvantage of money market mutual funds over Cd's and savings accounts?
Money market mutual funds are safe and extremely liquid. There are usually no fees associated with transactions in money market funds. Most brokerage accounts provide access to money market funds which can be used to park funds from stock or bond sales pending reinvestment. The drawbacks to money market funds are that the interest rate paid is only a fraction of a percent and the money held in brokerage accounts is not insured against loss by the FDIC. CDs and savings accounts offered by banks offer higher rates of interest and are insured against loss by the FDIC.
What could be called as banking products?
Banks offer the following products to people: savings accounts, checking accounts (and the checks that go with them), money orders or bank drafts, electronic fund transfers, international currency conversions, traveller's checks, credit cards, loans, mortgages, retirement accounts, mutual funds accounts, and other specialized accounts.
What is the difference between a savings account and a certificate of deposit?
In a regular savings account, the funds are always available for withdrawl. As a result, savings accounts generally have a low rate of interest. A certificate of deposit is an investment for a specific amount of time. The funds are not available until the certificate has matured, therefore, it has a slightly higher rate of interest than a savings account.
What does the M2 measure of money equal?
M2 adds savings accounts, small time deposits at banks, and retail money market funds.
How do you withdraw money from online savings accounts?
Most online savings account offer the option of transferring funds from their bank to another external bank in your name. This process takes about three days. You may also be given a debit card to withdraw funds at an ATM.
