0
What else can I help you with?
Is savings account interest accrued and posted monthly?
It depends on the terms and conditions etc of the type of savings account. Some savings accounts have interest calculated monthly (on daily balances), and credit the amount of interest to the account monthly. Others do an annual calculation of interest, also based on daily cleared balances, but only credit the account once a year. If interest is credited each month, each subsequent month you also get interest on the interest previously credited to the account. Alternately, if the interest is paid/credited only annually, the sum credited is the total interest for the year. Interest rates are quoted taking these factors into account. An account which credits interest monthly will always pay a slightly lower Gross rate of interest than an account that has an annual interest period. This is to take account of the fact that the return on an account where the balance is increasing monthly (due to interest being added each month) will always give a higher return in the year compared to an an account with the same Gross interest rate, but which is calculated and credited only once a year.
How much interest would you earn of a 30000 investment?
Depends on how you invested it and what rate of return that investment delivered.
How much interest per month is an investment of 150000 at 4 percent?
That would really depend on the investment strategy, are you getting 4% per month, per year or per week (yes they are all possible)? 4% of $150,000 is $6,000. If your interest rate is annual then monthly return would be $500. If your interest rate is monthly then it would be $6,000 and of coarse weekly interest rate of 4% would give you $24,000 monthly. It all comes down to interest rate over what period of time then factored by the month. 6000$
What does a financial adviser do?
people give money to a financial advisor and he invests the money for them hoping to get a great return for the money invested.
How do you save 100000 in 10 years?
To save $100,000 in 10 years, you need to set aside approximately $833 monthly, assuming no interest. If you invest your savings in an account with an average annual return, like 5%, you'll need to save less each month. Creating a budget, cutting unnecessary expenses, and setting up automated transfers to your savings or investment account can help you stay on track. Regularly reviewing your progress and adjusting your contributions as needed will also ensure you reach your goal.
Is savings account interest accrued and posted monthly?
It depends on the terms and conditions etc of the type of savings account. Some savings accounts have interest calculated monthly (on daily balances), and credit the amount of interest to the account monthly. Others do an annual calculation of interest, also based on daily cleared balances, but only credit the account once a year. If interest is credited each month, each subsequent month you also get interest on the interest previously credited to the account. Alternately, if the interest is paid/credited only annually, the sum credited is the total interest for the year. Interest rates are quoted taking these factors into account. An account which credits interest monthly will always pay a slightly lower Gross rate of interest than an account that has an annual interest period. This is to take account of the fact that the return on an account where the balance is increasing monthly (due to interest being added each month) will always give a higher return in the year compared to an an account with the same Gross interest rate, but which is calculated and credited only once a year.
What bank account pays you the most interest monthly?
They are called CD's (Certificate of Deposit) or FD's (Fixed Deposits) You deposit a certain sum of money for a fixed duration of time. in return the bank pays you a higher rate of interest when compared to your checking or savings account
How much interest would you earn of a 30000 investment?
Depends on how you invested it and what rate of return that investment delivered.
How is the interest rate usually measured?
The interest rate is typically measured as a percentage of the amount borrowed or invested, representing the cost of borrowing money or the return on an investment.
Does the IRS tax you on your checking account without interest?
No. If your checking account in non interest bearing, then the you will have no interest to report on your income tax return and therefore no tax to pay.
Compound Interest and Your Return?
Compound Interest and Your Return How interest is calculated can greatly affect your savings. The more often interest is compounded, or added to your account, the more you earn. This calculator demonstrates how compounding can affect your savings, and how interest on your interest really adds up!
What is a high interest savings account?
With a high interest savings account, the saver can get a large return on their savings. At current rates, the interest can range between 3-5%. However a large amount of accounts with higher interest may impose a penalty if you withdraw from that account.
What is equity in balance sheet?
Equity in balance sheet is that account in which owner has invested money in business and business is liable to it's owner to return.
What exactly is a high interest savings account?
With a high interest savings account, the saver can get a large return on their savings. At current rates, the interest can range between 3-5%. However a large amount of accounts with higher interest may impose a penalty if you withdraw from that account.
What are the typical minimum deposit requirements for high interest savings accounts?
I have found to get more than 1.5 % return on savings, you need a minimum of $10,000 to be invested.
Do I have to pay taxes on a CD account?
Yes, interest earned on a CD account is considered taxable income and must be reported on your tax return.
What are the disadvantages of having too much or too little money held as liquid assets?
Disadvantages of having "too much" $ held as a liquid asset: 1. No profit & lost investment opportunity. If $ is held in a non-interest bearing account, no interest will be earned--no interest earn = no profit--no profit = lost investment opportunity. 2. Low return on investment. If the $ was invested in a low interest bearing account, then low return on investment would be realized. Since not all investments have the same rate of return, there is also an opportunity cost (the $ could have been invested in a different investment at a higher return). Disadvantages of having "too little" $ held as a liquid asset: 1. In options trading, it could result in greater loss when the market dips & your options are liquidated to pay for the dip, rather than if you have the $ in your account & that could have been used to potentially carry your investments over until more profitable conditions occurred. 2. If you need $ for an emergency & you don't have it, you have an undesireable condition occur that wouldn't have occurred if you have the $ or credit available to pay for the emergency.
