Could you be more Specific?
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.
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 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.
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.
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.
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.
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.
You should be able to go into the bank and they can look up the information for you if you provide photo i.d.
The certificate is usually signed at the end of the presentation. However, some Lodges may present the certificate without an explanation if the brother who does the presentation is absent. The certificate should always be signed by the Master Mason whether presented or not
It depends on if you need the money when it matures or not. If you do not, open up a new CD or begin whats called a CD "Ladder". Here's a link that describes this technique which allows you to maximize your interest rates and earn more money with CD's:http://www.ehow.com/how_5416449_make-money-certificate-deposit-laddering.html
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.
No. If you don't need it then you should deposit it in a college fund for the child.No. If you don't need it then you should deposit it in a college fund for the child.No. If you don't need it then you should deposit it in a college fund for the child.No. If you don't need it then you should deposit it in a college fund for the child.