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The amount of money needed to open a certificate of deposit (CD) can vary depending on the bank or financial institution. Typically, the minimum deposit required to open a CD ranges from 500 to 1,000.

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4mo ago

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What happens if I need the money from my certificate of deposit before my term is over?

If you need to withdraw the money from a certificate of deposit before the term is over, you usually have to pay a penalty. The penalty varies from bank to bank and depends on the term of your certificate.


How can I purchase a certificate of deposit?

To purchase a certificate of deposit, you can visit a bank or credit union and ask to speak with a representative about opening a CD account. You will need to provide identification and funds to deposit into the account. The bank will then issue you a certificate of deposit with the terms and interest rate specified.


What is a fund of origin certificate?

FOC or Fund Origin Certificate is a Scam Certificate to cheat people out of money Some bank use it not to pay the deposit made from foreigner countries.. You pay and the bank do not respond anymore... Usually a girl contact you and tells that she is orphan and here father has deposit in England,millions of dollars, she need a Trusty and you get all the documents, death certificate, deposit of millions of funds, you also get a Mandate, they have to get if from a lawyer you must pay,, and they tell that they provided the transfer , .....but the Bank of England stop it.. ..you need a FOC and if you pay the scam cheating is completed...


What is a fund origin certificate?

FOC or Fund Origin Certificate is a Scam Certificate to cheat people out of money Some bank use it not to pay the deposit made from foreigner countries.. You pay and the bank do not respond anymore... Usually a girl contact you and tells that she is orphan and here father has deposit in England,millions of dollars, she need a Trusty and you get all the documents, death certificate, deposit of millions of funds, you also get a Mandate, they have to get if from a lawyer you must pay,, and they tell that they provided the transfer , .....but the Bank of England stop it.. ..you need a FOC and if you pay the scam cheating is completed...


Do you need your bank card to deposit money?

Yes

Related Questions

What happens if I need the money from my certificate of deposit before my term is over?

If you need to withdraw the money from a certificate of deposit before the term is over, you usually have to pay a penalty. The penalty varies from bank to bank and depends on the term of your certificate.


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.


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


How can I purchase a certificate of deposit?

To purchase a certificate of deposit, you can visit a bank or credit union and ask to speak with a representative about opening a CD account. You will need to provide identification and funds to deposit into the account. The bank will then issue you a certificate of deposit with the terms and interest rate specified.


How do I cash in certificate of deposit if I have no paperwork and the bank can not find the CD?

You must complete the paperwork first in order to cash in certificate of deposit. You signature is important because it shows that you need to cash in the certificate.


How do you claim fixed deposit?

Every Fixed Deposit will have a certificate linked to it. The bank would issue you a certificate that is the proof that you have a fixed deposit with the bank that is worth 'n' rupees and matures on 'x' date. You need to carry this back to the bank and submit it and ask for cashing your fixed deposit. The bank will accept the certificate and pay you the cash that is due for the deposit.


Is there a need to open an account for issuing a certificate of deposit?

Yes. A "certificate of deposit" is a type of savings account where you deposit a minimum amount of money for a minimum amount of time (during which time you cannot make any withdrawals) to accrue a certain interest rate. Usually the higher the dollar amount and the longer the time period, the higher the interest rate.


How much money do you need to start with Verizon?

Typically a 1000.00 security deposit if you don't have good credit.


What is a fund of origin certificate?

FOC or Fund Origin Certificate is a Scam Certificate to cheat people out of money Some bank use it not to pay the deposit made from foreigner countries.. You pay and the bank do not respond anymore... Usually a girl contact you and tells that she is orphan and here father has deposit in England,millions of dollars, she need a Trusty and you get all the documents, death certificate, deposit of millions of funds, you also get a Mandate, they have to get if from a lawyer you must pay,, and they tell that they provided the transfer , .....but the Bank of England stop it.. ..you need a FOC and if you pay the scam cheating is completed...


What is a certificate of origin?

FOC or Fund Origin Certificate is a Scam Certificate to cheat people out of money Some bank use it not to pay the deposit made from foreigner countries.. You pay and the bank do not respond anymore... Usually a girl contact you and tells that she is orphan and here father has deposit in England,millions of dollars, she need a Trusty and you get all the documents, death certificate, deposit of millions of funds, you also get a Mandate, they have to get if from a lawyer you must pay,, and they tell that they provided the transfer , .....but the Bank of England stop it.. ..you need a FOC and if you pay the scam cheating is completed...


What is a fund origin certificate?

FOC or Fund Origin Certificate is a Scam Certificate to cheat people out of money Some bank use it not to pay the deposit made from foreigner countries.. You pay and the bank do not respond anymore... Usually a girl contact you and tells that she is orphan and here father has deposit in England,millions of dollars, she need a Trusty and you get all the documents, death certificate, deposit of millions of funds, you also get a Mandate, they have to get if from a lawyer you must pay,, and they tell that they provided the transfer , .....but the Bank of England stop it.. ..you need a FOC and if you pay the scam cheating is completed...


Do you need your bank card to deposit money?

Yes