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16y ago

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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.


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.


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.


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.


When presenting the grand lodge certificate in lodge can it be signed before the explanation of it or should it always be signed after?

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


What should you do with a certificate of deposit that is going to mature?

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


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.


Do you have wright to refuse the child support from your child father?

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.