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What else can I help you with?
What certificate of deposit rates should I expect in today's market?
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.
What is the meaning of CD rate?
CD is a Certificate of Deposit also known as a CD. The rate is determained by how much it was purchased for and how long it is in your possesion. Rates can change from year to year depending on the econmy.
How do you calculate the annual percentage yield (APY) on a certificate of deposit (CD)?
To calculate the annual percentage yield (APY) on a certificate of deposit (CD), you can use the formula: APY (1 (interest rate/n))n - 1, where the interest rate is the annual interest rate and n is the number of compounding periods per year.
What is the current CD yield for a 1-year certificate of deposit at your financial institution?
The current CD yield for a 1-year certificate of deposit at our financial institution is 1.5.
Is a certificate of deposit a current or fixed asset?
Certificate of deposit if purchased for one year then current asset otherwise long term asset.
What does the term annual percentage rate mean for a certificate of deposit account?
Annual percentage yield (APY) is a normalized representation of an interest rate, based on a compounding period of one year
What are the benefits of investing in a 2 year certificate of deposit?
Investing in a 2-year certificate of deposit can provide benefits such as higher interest rates compared to regular savings accounts, guaranteed returns, and a fixed rate of return for the duration of the investment. Additionally, it offers a low-risk way to save money for a specific goal or timeframe.
What is deposit rate?
This is the rate at which the bank pays customers for depositing money with them. For ex: if ICICI bank tells me that they will offer me a 8% deposit rate for 1 year deposits, it means that if I deposit Rs. 10,000/- for 1 year, the bank will give me Rs. 800/- as interest at the end of the year. It is also called as deposit interest rate. The rate varies from bank to bank and also based on your deposit duration.
Can an 18 year old withdraw from his certificate of deposit?
Yes, although you'll often forfeit part of the interest earnings if you don't wait for the certificate of deposit to mature.
You deposit 200 per year in a bank account that offers an annual interest rate of 6. After five years your total earnings in interest are?
$48.76 ;)
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
In You deposit 200 per year in a bank account that offers an annual interest rate of 6. After five years your total earnings in interest are?
697.53 for A+
