Journal entry for investing in a certificate of deposit?

January 5th, 2010
g asked:


the question is..

Invest 2,000 in a Certificate of deposit.

What is the journal entry for this transaction?

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How much can I get when I invest into this certificate deposit?

December 30th, 2009
Bluesea asked:


# CD rate - a locked 4.10 APY1
# Short 4-month term
# FDIC Insured2

so If I put in 5000$, in January, When my money it mature? an also how much will I get when it is mature?
Thanks
So, does it mean, after 4 months I will have 205$ when my cd is mature?

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which bank is good to invest money for certificate deposit?

December 26th, 2009
Lucy asked:


Any other options to invest money?
Please advise. Thank you very much.

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What will happen to the interest earned in a Certificate of Deposit if a bank closes?

December 12th, 2009
Benjie C asked:


Washington Mutual has the highest 1 year Certificate of Deposit of 5%.
I understand that FDIC insures the money.
In some countries, although bank deposits have insurance, you can only withdraw that money in limited amounts in a specified time (staggered) if the bank closes. You cannot withdraw the money all at once…

1. If the bank close, can you withdraw the whole money (including the FULL INTEREST) all at once at maturity?
Or will the FDIC insure only the money you deposited initially?

2. If bank closes, What happens if you withdraw it before maturity?

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What happens to a certificate of deposit, if it not “willed” or in a “Planned Estate” by parents?

November 22nd, 2009
mypetpolk asked:


If one parent (the only one living) owns $100,000 certificate of deposit and that parent dies where does the certificate of deposit go to, if the certificate is not “willed” or in a “Planned Estate” by parent.

Do the 2 children get to split the money or does it go back to the government?

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What is the purpose of a 30 day certificate of deposit?

October 12th, 2009
Ann asked:


I read somewhere that a certificate of deposit can help your credit score. What is the purpose of purchasing a CD for 30 days? I have considered purchasing one for my son’s college fund, but for years not days and can this help my credit?

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Can I still add money to a Certificate of Deposit even after I open it?

October 2nd, 2009
Jack asked:


I’m thinking about opening a CD (certificate of deposit) with ING direct for 12 months.

Can I still add money to a CD even after I open it?

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What would the penalty be if a certificate of deposit is taken out early?

September 29th, 2009
Clinton/Obama 08′ asked:


I put a certificate of deposit for $10000 about 1 1/2 years ago, with a 6.4% interest rate, for 60 months, i have about 42 months left on it. I want to take it out to buy a car, how much would the penalty be?

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Can I cash in a certificate of deposit that my name is not on?

September 23rd, 2009
Heidi S asked:


can you tell me the guidelines of cashing in a Certificate of Deposit?

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If you invest $5000 in a certificate of deposit at the bank and you recieve annual intreset of 8% for 7 years?

September 17th, 2009
ShoeGal asked:


If you invest $5000 in a certificate of deposit at the bank and you recieve annual intreset of 8% for 7 years, how much interest will this investment earn during this period of time?

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