0
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
Are high interest cd worth investing money in?
"Cd stands for certificate of deposit. You loan money to a bank and they repay the loan with interest. However, should you require your money before the time frame, then you will have to pay a penalty. The return on Cd's is usually better than money market accounts. So certainly it would be a good investment if you can afford it."
How are term deposit rates fixed?
All financial factors are related to one another. If one factor is changed, all other percentages automatically get affected. If the home loan interest rate is lowered by 2-3% per annum, it indicates that inflation has increased. So to control the situation RBI will increase the repo rate (the rate at which banks borrow money from RBI). This in turn, will force the banks to reduce the interest rate of fixed deposit.
How do I inquire about bank CD rates?
The very first step to find the best certificate of deposit (CD) rates is to understand how they are determined and to do so that will take a little legwork. You will need to visit you local banks to find out what their rates are going online will only result in irrelevant searches that don't really give you much info.
Why might a saver choose a certificate of deposit over a passbook savings account?
A saver might choose a certificate of deposit (CD) over a passbook savings account because CDs typically offer higher interest rates in exchange for locking funds away for a fixed term. This can result in greater returns on savings. Additionally, CDs often have less variability in interest rates, providing more predictability for long-term savings goals compared to the usually lower rates of passbook accounts. However, it's important for the saver to consider their liquidity needs, as withdrawing funds from a CD before maturity often incurs penalties.
How can you get direct deposit from michaels to my bank?
Just ask the bank to do an electronic transfer. You'll need the senders bank account information and your own - the bank will do the rest.
Who are the parties in a certificate of deposit?
Whoever is/are the account owners of the certificate.
The parties are 1) the investor who purchases the CD and 2) the lending institution that is issuing the CD, usually a bank or /credit union.
Is deposit of money in bank a bailment?
No. A deposit, by legal definition, is not considered a bailment, but even if there was a question involved, all contracts with all commercial banks explicitly state that deposits of funds are a full title transfer of ownership to the financial institution. The fact that funds can be 'repaid' to you 'on demand' is incidental. When you make any bank deposit, you are giving up title to your funds to the bank, and the bank does not have to store them, and may do with those funds as it pleases. Your funds become the immediate property of the bank, in return for what is essentially an IOU.
Even a safe deposit box is not considered a bailment, since the box is sealed, and the bank cannot handle or control the goods. Valet parking, on the other hand, would be an example of one type of bailment.
What is a deposit tracking form?
A deposit tracking form is a document used to record and monitor deposits made to a bank account or financial institution. It typically includes details such as the date of the deposit, the amount, the source of the funds, and any relevant transaction references. This form helps individuals or businesses keep accurate records for financial management and reconciliation purposes. It can also assist in identifying discrepancies and ensuring that all deposits are accounted for.
What are disadvantage of Direct Deposit?
Disadvantages of direct deposit include potential delays in accessing funds if there are banking errors or system outages, which can lead to temporary cash flow issues. Additionally, not everyone has a bank account, making it inaccessible for some individuals. There are also concerns about privacy and security, as personal banking information is required, and any breaches could lead to financial fraud. Lastly, if an employee changes jobs, they may need to update their deposit information, which can be cumbersome.
What is cost of deposits of bank?
It is a combination of a number of components.
a) The rate paid out to the depositor
b) The Central Cash and Reserve Liquidity Requirement
c) The compensation paid to the branch or the sales team that booked the deposit
d) Any additional tangible or non-tangible incentives offered or paid to the depositor or the sales team
When you combine these factors across all products and deposits across the bank you get the cost of deposit for the bank.
How much interest would you get on 50000 at 6 percent each year fixed deposit?
Interest per year = p * n * r / 100
P - amount you deposit
N - number of years
R - rate of interest
You will get 3000 every year for a fixed deposit of 50000 @ 6% per year
Can i direct deposit my pay check into someone else's account?
As long as your employer will allow it. If you were over/underpaid, how would your employer recall the direct deposit if the account is not in your name?
Would you want to risk not having access to your money?
Is this depositing money to over child support or something like that?
Can you still deposit to your account even if a haven't deposit since last year?
yes, as long you maintained the minimum maintaining balance, a bank required, there will be no bank charges deduction on your account, because 1 year of no depositor/s transactions means dormat account.
If, minimum maintaining balance was not met, then your bank charged you of dormancy, then your account might be closed, and you cannot deposit any.
Ask your bank about your balance.
What rates offered on fixed deposits?
The best Interest Rates on Term/Fixed Deposits in India, as of November 2011 are:
Short Term (Approximately around 6 months)
Bank NameRate of InterestDeposit PeriodHDFC Bank7.75%6 month 16 daysICICI Bank7.75%190 daysPunjab National Bank8%180 days to Less than 1 yearState Bank of India7.25%91 days to 179 daysIndian Bank7.75%181 days to 9 monthsAxis Bank7.5%6 months to Less than 1 yearKarur Vysya Bank7.65%31 days to 270 daysIndian Overseas Bank7.75%91 days to 120 daysIDBI Bank8%91 days to Less than 6 monthsKotak Mahindra Bank7.75%91 days t0 180 days
Long Term (1 year or More)
Bank NameRate of InterestDeposit PeriodHDFC Bank9.25%1 year 16 daysICICI Bank9.25%390 daysPunjab National Bank9.35%777 daysState Bank of India9.25%Greater than 1 yearIndian Bank9.5%1 to 3 yearsAxis Bank9.4%1 year to 14 monthsKarur Vysya Bank9.75%1 to 3 yearsIndian Overseas Bank9.25%444 daysBank or Baroda9.35%444 daysIDBI Bank9.5%500 daysKotak Mahindra Bank9.5%1 year to 389 days
How do you deposit money in a bank?
You can put money into your bank account in a number of ways, some of them are:
a. Walk into your bank, fill up a deposit slip and pay the money to the bank teller
b. Walk into a nearby ATM, insert your ATM card and choose cash deposit as the option and deposit your money in the ATM
c. Deposit a check into your account by using either option a or option b
d. Get a funds transfer done from another account and have money deposited into your account
Is a certificate of deposit the same as a promissory note?
No, they are not the same.
Promissory note: represents a loan
- A promissory note written document in which a borrower agrees (promises) to pay back money to a lender according to specified terms. It usually includes specific terms of repayment, such as when the note is payable on demand and whether payment is due by a stated time or through a series of payments. A promissory note is a legally binding written promise to repay a debt.
Certificate of deposit: represents money deposited in a term account
- A certificate of deposit (or CD) is similar to a savings account in that you are paid interest on money deposited in a financial institution. However, you earn higher interest in exchange for agreeing to leave the money on deposit for a set period of time. CDs are a safe investment as long as you understand how they work and especially the penalties for early withdrawal of the funds. CDs are issued by commercial banks and savings and loans (or other thrift institutions).
Why is Jackie Evancho's CD Prelude to a Dream not available anymore?
Her parents (and probably some corporate interests) decided to withdraw it from the market because her voice has changed so much since she recorded it, and they felt it wasn't a good representation of her vocal talent anymore.
trying to make an account online to see how much money i have in the bank and i dont know what it is
Is safe deposit box a banking service?
Yes, it is a locked box they keep in the safe, if you have one you can put anything you want to keep safe in it. You also have the key to it and can withdraw it upon request.
What is the j p Morgan chase employee verification number?
212-622-8650..i work at a mortgage company and have to call it every once in a while so i know that's what it is.
