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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
Can you deposit a check for someone else into their bank?
Yes, you can. But you need to mention your name and other details in the deposit slip available with the bank which is required for bank records to keep track of things.
What was the average savings interest rate 1993?
The average interest rate on savings accounts is 3.5 to 4%
Is it against the law to keep cash in a safety deposit box at a bank?
17 Aug 2005 ... A bank account is a good place to keep your money safe and earn interest ..... There is no law against putting cash in a safe deposit box, ...
www.consumer-action.org/english/articles/banking_basics_leaders_guide - 70k -
Banks mobilize deposits by making finances and by investing in various financial markets. Basically deposit mobilization is related to the creation of credits.
The banks would have special campaigns where they would interact with a lot of people and invite them to make deposits with their bank.
How is math involved with banking?
When you are banking you have to be able to count all the money and the coin's.
Would a deposit appear on your bank statement as a credit?
Yes. A deposit is a credit and a withdrawal (check, debit card, etc.) is a debit. For example, you open a checking account with $500: Opening Balance $500 this is a credit (+) You write a check for $25 this is a debit (-) You write a check for $82 this is a debit (-) You make a deposit of $250 this is a credit (+) You write a check for $28 this is a debit (-) Your balance is $615 If you were to write a check for more than your balance of $615, then you would have a negative (-) balance.
A negotiable CD is a transferable CD. This means unlike traditional non-negotiable CDs, it can be sold in the secondary markets to other investors. The investment amount on negotiable CDs is also substantially larger than non-negotiable CDs. It is mainly targeted at institutional investors and companies.
What is the term deposit rate of interest for effective date?
It depends on the number of days you are willing to deposit your money. The average rate in India for a 1 year deposit is around 8% per annum.
Is there a difference between time deposits and term deposits?
Tim deposits is usually a term they use in Europe and the US.
<a href="http://en.wikipedia.org/wiki/Term_deposit">Time Deposit article from Wikipedia</a>
Term deposits is what they call them in Australia and New Zealand.
<a href="http://mozo.com.au/term-deposits">Term Deposits</a> in Australia.
How do you write a check for deposit into another one of your other accounts?
If you have more than one account with the same bank you can simply transfer money from one account to the other (i.e. savings to chequing or vice versa). This can be done online if you have online banking or at the till. You could even withdraw money from an ATM out of one of your accounts and then deposit it into another.
Assuming that the accounts are not with the same bank and you want to write a check to "transfer" from one account "source" to deposit into the other bank account "target".
You can make the check out to "Cash" and endorse it (sign the back).
It would be wise to write your "target" bank account number in the memo portion of the check preceeded by the word "deposit". Just be sure to get a deposit receipt and ensure that it was deposited into your account. Be aware that the bank may place a hold on the deposit amount until it receives the funds from the other bank (your check does not bounce).
Below are the current top US banks with
the highest financial strength ratings of A+ as determined by the Weiss Research group. They claim they do not accept compensation for issuing a rating.
Nor do they allow the preview of a rating or its suppression from publication if it is unfavorable. They are totally independent and unbiased.
CALIFORNIA FIRST NATIONAL BANK
Irvine
CA
A+APPLIED BANKWilmingtonDEA+MAXWELL STATE BANKMaxwellIAA+GERMANTOWN TRUST & SAVINGS BKBreeseILA+FARMERS & DROVERS BANKCouncil GroveKSA+KENTUCKY FARMERS BANK CORPAshlandKYA+ST HENRY BANKSt. HenryOHA+CITIZENS 1ST BANKTylerTXA+COMMERCIAL NB OF BRADYBradyTXA+FIRST NATIONAL BANK OF ALVINAlvinTXA+FIRST NATIONAL BK LIVINGSTONLivingstonTXA+FIRST STATE BANK OF BURNETBurnetTXA+MUENSTER STATE BANKMuensterTXA+PEARLAND STATE BANKPearlandTXA+OPTUMHEALTH BANK INCSalt Lake CityUTA+SHELL LAKE STATE BANK Shell Lake WIA+FIRST STATE BANK OF NEWCASTLE Newcastle WYA+
How much is the initial deposit of a savings account?
It depends on the bank and the types of facilities offered by your banker.
Government banks in India require a minimum balance of Rs. 500 for normal accounts and Rs. 1000/- for accounts with cheque book and ATM card.
Private banks require a minimum quarterly average balance of Rs. 2500 or above
Yes.
An Asset is something that has a value and can be sold/converted to cash.
How long does it take if done by direct deposit?
On your pay day if in the United States your paycheck goes into your account the night before at 12:01am, I have it and it is Great.
MT798 is an authenticated message that is used by Corporates in lieu of the MT 760 to send financial instruments such as Safekeeping Receipts, Import Letters of Credit, Export Letters of Credit and Standby Letters of Credit to member Banks of the SWIFT system.
Thank you
K.O/Accra-Ghana
How do I claim my money for a Certificate of Deposit issued by PSFS Savers Bank in 1980?
In 1980 I recieved a settlement in trust the money was taken out of my account . how do I request a copy of my money at that time . n when it was taken out and by who .
If woman buys four cds for 52.92 including 8 percent sales tax How much did each CD cost?
$52.92/1.08 = $49.00 total price before sales tax $49.00/4= $12.25 price of each CD before sales tax $52.92/4 = $13.23 price of each CD including sales tax
no they do not have any risk and you can not lose money with them
How much does it cost to rent a safe deposit box?
It costs me $50/year to rent the smallest safe deposit box available at my local Bank of America branch.
