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What type of bank account have the highest effective annual return?
Wiki User
∙ 13y ago
A Fixed Deposit (also called a Certificate of Deposit) is the bank account that has the highest effective annual return. A FD Account is one in which the customer deposits a big sum of money (Usually a few thousands and upwards. There is actually no limit to the amount of money you can deposit in a FD) for a fixed duration of time (Atleast 3 months or higher). Since you agree to keep the money deposited with the bank for a fixed/agreed upon duration, the bank gives you a very good interest as payment for keeping the deposit
Wiki User
∙ 13y ago
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What is the nominal annual rate of return?
The nominal annual rate of return is calculated from the effective interest rate. It is typically a slightly lower percentage, and gives investors an idea of what their investment may return.
What is the effective annual return for an investment that pays 10 percent compounded annually?
It might just be 10%.
One year ago marahall made a deposit in a bank account that had an annual rate of 5.5 he now has 279.58 in his bank account how much money did marshall originally deposit?
Based on a 5.5 percent annual return, Marshall's original deposit was $265.
How do certificates of deposit differ from other types of bank account?
A Fixed Deposit (also called a Certificate of Deposit) is the bank account that has the highest effective annual return. A FD Account is one in which the customer deposits a big sum of money (Usually a few thousands and upwards. There is actually no limit to the amount of money you can deposit in a FD) for a fixed duration of time (Atleast 3 months or higher). Since you agree to keep the money deposited with the bank for a fixed/agreed upon duration, the bank gives you a very good interest as payment for keeping the deposit
Annual Rate of Return Calculator?
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Lump Sum Annual Rate of Return Calculator?
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When is a business owner required to submit an annual return to Companies House?
A company, or business owner, is required to submit an annual return to Companies House. They must file their return 28 days before their annual anniversary.
Will coleus return after a winter?
A coleus is a tender annual and will not return after winter.
What is the average return on a checking account?
average return on a checking account is about 0.1
The output of what analysis is a single intuitively appealing number representing the compound annual return that an investment earns over its life?
Annual return
What is the monthly return of 1000 invested in saving account with 5.8 monthly interest?
If you mean 5.8% annual interest rate compounded monthly, then (1000*.058)/12 = 4.83
What is the journal entry for sales return?
[Debit] Sales Return account [Credit] Cash account
