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Certificates of Deposit

Savings instruments that are essentially free of risk, featuring a fixed term and fixed rate of return (interest rate)

1,137 Questions

What are special deposits?

it nnis a special deposit made with a bank for safe-keeping.

How does a Votive Deposit work?

A votive deposit is an offering given to fulfill a vow, pledge, desire or wish. It usually happens at a place of worship and a votive candle is lit in exchange for help with the desired goal.

What kind of items would one want to keep in a safe deposit box?

One should place important documents inside a safe deposit box such as a copy of one's will, a copy of insurance policies, titles to one's house and cars, a detailed list of bank and brokerage accounts, CDs and credit cards, marriage license, divorce decree, expensive, rarely worn jewellery, birth certificates, family heirlooms, stock and bond certificates.

Can you deposit cash into a friends bank account?

Yes, if you know the account number. You will get a receipt for the deposit, but it will not show you your friend's account balance.

How you deposit in moneybookers?

You need to be a verified user to send or receive money via Moneybookers. To send money via Moneybookers, you need to have the email id of the receiver. You will be required to enter the amount and the purpose of the transaction

What types of records are best kept in safe deposit boxes?

Valuable records like marriage records or stock certificates.

What provides deposit insurance which guarantees the safety of deposits in member banks?

In the United States, all banks are members of the FDIC - Federal Deposit Insurance Corporation. Each bank pays a certain amount into the FDIC's coffers for insurance of all deposits up to $100,000 by individual citizens. If the bank runs out of money, the FDIC pays back to the citizens the amount of money they had on deposit at the bank out of the money the banks have been paying into the FDIC. Until the Great Recession, the FDIC was 100% financially solvent; during the Recession there were enough banks that went under that FDIC needed a loan from the Treasury Department to cover repaying all deposits. This loan has since been paid back and the FDIC is standing on its own two feet again.

Can you endorse a check for someone else to deposit in your account?

Yes, you can endorse a check for someone else to deposit in any account, yours or his or some random person in the Middle East. Once you endorse the check, it is considered "as good as cash" unless you write "For Deposit Only" on the back as well - then it must be deposited into a bank account somewhere. If you trust the person who will be depositing the check, feel free to endorse the check and let them take it to a bank or ATM for depositing into your account - they will need your bank deposit slip or your bank card with PIN to do so.

What is the maximum number of operations that can be allowed to a customer in safe deposit locker on a single day?

The maximum number of operations allowed for a customer in a safe deposit locker on a single day can vary by bank or financial institution. Typically, banks may impose limits to ensure security and efficiency, often allowing anywhere from one to multiple visits per day. It's best for customers to check with their specific bank for detailed policies regarding safe deposit locker access and any operational limits.

How much deposit money for open a new account?

It depends on a lot of unknowns. In the UK, you can open a basic savings account in most banks with as little as £1.00 !

Why thus an immersion heating rod get a white deposit after few uses how can these deposit be removed?

The white deposit is likely due to mineral buildup from the water. To remove these deposits, you can soak the heating rod in a mixture of vinegar and water or use a commercial descaling solution. Scrub gently with a non-metallic brush to remove the deposits effectively. Remember to rinse the rod thoroughly before using it again.

What interest rates does HSBC Bank offer on certificates of deposit?

There is a very high interest rate on HSBC bank offer on certificates of deposit. This is because the bank could make more money for itself through collected interest rates.

Can you deposit an international check in your American bank account?

Sure you can. Check from any bank across the globe can be deposited anywhere else across the globe. The amount of time it takes to clear the check and receive the payment may depend on which country and which bank check you are depositing. But, irrespective of which country/bank it is, you should get the money in around 7 to 10 business days. If the bank you are depositing the check also has a branch in the country from where the check originates, the process may complete a few days earlier too.

Can someone deposit your paycheck into their bank to cash it for you?

No. Paychecks usually come with the name of the person to whom it is paid. Only that person can cash the check. When checks are cashed, the cashier (from the bank) will ask for some sort of ID to prove that the person cashing the check is indeed the person to whom it was paid. So, if your friend or someone else tries to cash your paycheck, they may be arrested for impersonation and forgery.

What time does chase post direct deposit?

In most cases Chase Bank will post a direct deposit immediately, upon receiving the direct deposit. Chase Bank reserves the right to hold the direct deposit for up to 2 days.

How can you deposit money through cash deposit machine?

The steps do deposit cash using a cash deposit money is as follows:

1. Either insert your ATM Card and enter your PIN or manually enter your bank account number

2. Choose "Cash Deposit" as the option

3. The machine will ask you to choose the account you wish to deposit - select the correct account

4. Insert cash into the slot where cash will be received

5. Press - Submit

6. The slot will close and the machine will take in the currency and start counting

7. Once counted it will display the amount deposited along with the denominations of the currency deposited

8. Click - Ok to confirm

9. The machine will recount the money and credit it into your account

10. Any invalid or crumpled or damaged currency will be returned by the machine

11. Collect your ATM Card and you can leave.

How do I get 1 lakh per month through bank deposit?

If you want Rs. 1 lakh per month from a bank deposit as interest you need to deposit Rs. 1.5 crores in a fixed deposit that pays 8% interest per year.

@ 8% your deposit of 1.5 crores will earn Rs. 12 lakhs as interest every year which when divided by 12, you will get 1 lakh every month. Banks will be more than happy to even offer a slightly higher rate - sau 8.5 or 9% for such large deposits.

What time does direct deposit come?

Bank of America is normally 2:06A.M. Beneficial Bank is about a half hour later.