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What certificate of deposit rates should I expect in today's market?
Wiki User
∙ 14y ago
The rates will vary depending on the amount of cash put in the cd and how long you will keep it there. A three month cd can have a rate of .89% and a jumbo five year could have around a 3% rate.
Wiki User
∙ 14y ago
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Is a certificate of deposit considered cash?
No. Certificates of deposit should be classified as cash equivalents or short-term investments. This is because there are usually restrictions or penalties on these securities when they are converted to cash.
How do you cash a certificate of deposit if the original seller of CD is out of business?
A CD (certificate of deposit) is federally insured, so your money should still be available even if the original bank who issued you the CD closed. A good place to start would be to consult with a banking specialist or attorney.
How do you cash in a Certificate of Deposit if you have lost the paper work?
You should be able to go into the bank and they can look up the information for you if you provide photo i.d.
On average how much deposit should mortgage buyers expect to put down on a new house?
Most banks require that a home buyer put down at least 25% of the value of the home on the deposit. Should one be able to put down more then the minimum deposit they could possible get a better interest rate on their mortgage.
Where can you find the best CD interest rates?
CD rates refer to Certificate of Deposit rates. To find the best CD interest rates in your area, you should should speak to a financial adviser or contact your local bank representative.
A certificate of deposit is best for?
A certificate of deposit is best for savings as they have a fixed interest rate. The drawback is that you should not cash it in until it reaches maturity.
What questions should I ask before opening a money market savings account?
Ask them what the minimum deposit is. Be sure to inquire about any withdrawal penalties and what type of earnings you can expect.
Are certificate of deposits taxable?
No, the monies that are in your Certificate of Deposit are not taxable but the interest that you make on the deposited monies are taxable. You should receive a 1099-B each for the amount of interest made on the CD for the year. http://taxresolutionaries.blogspot.com
What should I do if I lose the actual document for my bank certificate of deposit?
In if you lose the actual document for my bank certificate of deposit. You can do 2 thing ask the bank for another copy or if have a online bank you can obtain your history.
Your brother and sister are blackmailing you over your mom's certificate of deposit what should I do?
Could you be more Specific?
Is a certificate of deposit considered cash?
No. Certificates of deposit should be classified as cash equivalents or short-term investments. This is because there are usually restrictions or penalties on these securities when they are converted to cash.
Do I need a certificate of deposit to deposit money into my account?
You do not need a certificate of deposit (also known as a CD) to deposit money into an account - unless you are attempting to deposit money into a CD account. Most banks only require you to have a regular savings account opened to be able to deposit money into a checking account for free. However, these terms vary by bank depending on which one you are using. Generally speaking, however, you should not have to open a CD to deposit funds into a regular checking account.
If certifacate of deposit is just in safe deposit box is that ok?
Yes. It should be OK. Certificate of Deposits are important documents that carry a value (as much as the money you deposited with the bank + interest). So, it is important to keep them in a safe place and a safe deposit box should be perfectly fine.
How do you cash a certificate of deposit if the original seller of CD is out of business?
A CD (certificate of deposit) is federally insured, so your money should still be available even if the original bank who issued you the CD closed. A good place to start would be to consult with a banking specialist or attorney.
Can you contest rental deposit after the walk-through?
Sure. If you win the landlord walked through the apartment and found that everything was okay, you should expect your deposit to be returned to you. If it doesn't, you have the right to contest such.
How do you cash in a Certificate of Deposit if you have lost the paper work?
You should be able to go into the bank and they can look up the information for you if you provide photo i.d.
What is the difference between liquid Certificate of Deposit and regular Certificate of Deposit?
Liquid CDs offer consumers the opportunity to withdraw money from the CD without incurring a penalty. The interest rate should be higher than the bank's money market rate, but would usually be lower than a traditional CD of the same term and minimum. Just as with any CD, the terms and conditions are set by the individual banks and can vary widely.
