Certificates of Deposit

Generally yes but remember that you are putting the money into THEIR account and they can spend the money that you deposited for any reason and you have no recourse because it is THEIR money.

Its an agreement generally used to perfect a security interest on a depository account maintained at a bank, where the owner of the account becomes a debtor to a third party (Secured Party), and gives them authority to have disposition over the account. The owner of the account will have no saying on the account, the Secured Party will provide instructions as to what to do with the funds, and the bank or depository financial institution control the funds and acknowledges that they will only follow instructions of the secured party. The documents will be signed by the Secured Party, the depository entity (Bank) and the owner of the account, (Debtor to the Secured Party).

Day book is the book which we use to record day today record,but Ledger is a book in which we keep classified data

With some CDs you can. It depends on the format. A CD-R can have more data added to it, if there is space that is remaining. You will need to know what type of CD you have and what way you originally wrote to it, as you cannot overwrite areas already written to.

1. Visit the branch of the bank where you have your account set up
2. Contact a personal banker and tell them your desire to open a CD
3. They will ask the deposit amount and tenure - provide it to them
4. They will give you a form - fill it with all necessary details
5. Pay the deposit amount to the teller and get the receipt
6. The banker will create a Certificate of Deposit in your name and issue it the same day or the next business day.

Currently it is around 9 - 10% per annum

* an extra .25 - .50% for senior citizens

Cash deposit ration is the amount of money a bank has available for a customer to withdraw. This is a certain percentage of the total money paid into the bank.

If you ask for it you won t get it, but if they ask you will give it.

FBO stands for â??for the benefit of.â?? FBO checks have a final beneficiary who is different than the person that is noted on the â??pay to the order ofâ?? line on the check.

MONEY IS NOT A MATTER. AT THE AGE OF 24 U MUST HAVE HOUSE & SECURED JOB. IT WILL HELP YOU TO EARN THE MONEY WHENEVER U WANT. TIPS: WHENEVER YOU EARN MONEY JUST YOU SHOULD HAVE HABIT TO SAVE THE MONEY.

If the person who is depositing the cash has the name of the person and/or the account number of who they wish to deposit cash in yes they can do so.

Some banks may limit the funds availability depending on the amount of cash.

1) FD is safe investment option.

2) Return on FD is predefined irrespective of market fluctuations.

3) It gives higher rate of interest than a normal saving account.

4) It provides an investor the flexibility of breaking it prematurely (Subject to some penalties).

5) The interest given on FD is tax free up to a limit.

6) On maturity, it provides the flexibility of direct credit the amount of principal and interest, in customer's bank account.

It was $7,000 in the year 2000. Not sure if it has changed since then.

Generally speaking, one has to be the age of majority in their jurisdiction of residence but various financial institutions may have their own set of requirements in addition to relevant federal and local statutes.

Write "For Deposit Only" on the back. Both people have to sign it. If you are one of those people and you want to deposit it to your account you would sign first.

The prices of safety deposit boxes depend on the type and size of the safety box you want. There are small safety deposit box which are available in steel materials and some are even available in fireproof materials. These sizes usually cost around $30 to $70. Medium and large sized safety deposit boxes are available around $80 to $200 while wall safety deposit boxes are available from $100 to $500 depending on the brands as well.

A few of the disadvantages are :

1. That you cannot withdraw the money anytime you wish.

2. You cannot change the amount you like to invest monthly once decided.'

3. It has a comparitively lower rate of interest.

A FD Account is one in which the customer deposits a big sum of money (Usually a few thousands and upwards. There is actually no limit to the amount of money you can deposit in a FD) for a fixed duration of time (Atleast 3 months or higher). Since you agree to keep the money deposited with the bank for a fixed/agreed upon duration, the bank gives you a very good interest as payment for keeping the deposit

The advantage is the fact that you earn a very good interest on the money you place as a fixed deposit

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Check if the state is a Common Law Property State or a Community property state. Then check the titling of the CD and you will have your answer

deposit is like food for banking body to keep it operative by way of using it .

At six percent, you would make about $6000.

Demand Deposit It is type of an account from which deposited funds can be withdrawn immediately at any time without any notice to the depository institution. Time Deposit It is type of deposit which is in contrast to demand deposit and funds are not available immediately .These are also known as term deposits .