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What else can I help you with?
How do you use a loan calculator?
Loan calculators are based on the amount of the loan taking into considerations the interest rate offered by the bank and the time period to pay back the loan. There are many loan calculators available on financial institution websites, including one on bank rate dot com.
What is the definition of retail price in math?
It is the "normal" price of goods or services offered by a supplier to the consumer.
The CD player you want costs 51.15 What if your parents have offered to give you 30 percent of the cost About how much money will they give you?
They would give you $15.35
How many hours are there in a standard work month?
There are 160 hours in a standard work month. A standard work week is 40 hours unless you have overtime offered regularly.
What is the standard size for placemats?
The standard placemat size is 14 inches by 18 inches. There are of course variations as many placemats are offered in unique and abstract shapes. Purchasing linen ensures customizably sized placemats.
Can you get 6 on a certificate of deposit (CD)?
Yes, it is possible to get a 6 interest rate on a certificate of deposit (CD) offered by some financial institutions.
What are the differences between a fixed deposit and a certificate of deposit?
A fixed deposit is a type of savings account offered by banks where you deposit a sum of money for a fixed period at a fixed interest rate. A certificate of deposit (CD) is similar but is typically offered by credit unions and has a higher interest rate but requires a minimum deposit and penalties for early withdrawal.
What is the definition of a certificate of deposit?
An online certificate of deposit is a banking term referring to an online bank account. A certificate of deposit is a sum of money specified by the depositor at and interest rate offered by a banking establishment.
Highest rate offered on a Certificate of Deposit from a bank?
+9+8
C in a FD?
In a financial context, "C" in FD could refer to a corporation or a certificate of deposit. A corporation is a legal entity created to conduct business, while a certificate of deposit is a financial product offered by banks, where the investor deposits a specific amount for a fixed term at a fixed interest rate.
How many types of Certificate of Deposit accounts are offered by Bank of America?
The types of Certificate of Deposit accounts which are offered by Bank of America are so-called Time Deposits. They bear interests for a certain period of time and when the maturity date is reached, the money can be released. Before that, the depositor has to pay fines.
Difference between certificate of deposit and fixed deposit?
A certificate of deposit or CD is a time deposit, a financial product commonly offered to consumers by banks. A fixed deposit is the same thing as a CD but the term is more often used in south-east Asian countries like India, Sri Lanka, etc while certifcate of deposit is used in North American countries and likewise.
What does a certificates of deposit represent?
Certificate of deposit or CD is a time deposit. This means it is a money deposit that can't be withdrawn during a certain period of time. They are commonly offered to consumers by banks, thrift instititions or credit bankers as an acting financial product. CD's are similar to savings accounts in that they are risk free and will never go anywhere but only have a fixed time that they can be held and have a fixed interest rate.
Is fixed deposit and recurring deposit rate of interest is same?
No. In most cases the rate of interest offered on fixed deposits and recurring deposits is different. Usually the rate of interest on a fixed deposit is much higher than a recurring deposit because you will be depositing the entire amount in one shot and leave it with the bank for the duration whereas in a recurring deposit you'll pay only the part of the money at a time. So the difference.
What is the average bank interest rate offered to customers?
It depends on the type of account you hold with the bank. In India, below are the average interest rates offered to customers.Savings accounts - 3.5% per yearFixed Deposits - 3% to 8% per year - Depending upon the deposit amount and deposit tenureCurrent Accounts - 0%
Highest rate offered on a certificate of deposit from a credit union?
The highest rate offered on a certificate of deposit (CD) from a credit union can vary depending on the credit union and market conditions. Generally, credit unions tend to offer competitive rates on CDs compared to traditional banks. It is essential to research and compare rates from different credit unions to find the highest rate available.
What is a time deposit?
money in a savings account A Time deposit is an agreement between a bank and its customer to deposit a fixed amount of money for a fixed duration for a certain rate of interest. The customer would be provided with a certificate of deposit which would contain the interest amount, date of maturity etc. The bank can now use the deposit for its loans and other purposes because ideally speaking, the customer would not ask for the money until the maturity date. Since the bank can plan properly for such deposits, the interest offered on such deposits is usually higher than normal checking or saving accounts. If the customer wishes to prematurely close the account and withdraw money, the bank would charge a penalty for doing so. 1 or 2% of the interest amount may be reduced for doing it.
