January 5th, 2010
g asked: the question is..
Invest 2,000 in a Certificate of deposit.
What is the journal entry for this transaction?
1st deposit
Tags: Certificate Deposit, Invest, Investing
Posted in Investing | 1 Comment »
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?
1st deposit
Tags: Certificate Deposit, Fdic, Money
Posted in Investing | 1 Comment »
December 26th, 2009
Lucy asked: Any other options to invest money?
Please advise. Thank you very much.
1st deposit
Tags: Certificate Deposit, Invest Money, Options
Posted in Investing | 3 Comments »
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?
1st deposit
Tags: Certificate Of Deposit, Fdic, Washington Mutual
Posted in Personal Finance | 2 Comments »
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?
1st deposit
Tags: Certificate Of Deposit, Money Back, Parents
Posted in Investing | 5 Comments »
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?
1st deposit
Tags: Certificate Deposit, Purchasing, S College
Posted in Credit | 4 Comments »
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?
1st deposit
Tags: 12 Months, Cd Direct, Certificate Of Deposit
Posted in Investing | 2 Comments »
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?
1st deposit
Tags: Buy A Car, Certificate Of Deposit, Interest Rate
Posted in Investing | 2 Comments »
September 23rd, 2009
Heidi S asked: can you tell me the guidelines of cashing in a Certificate of Deposit?
1st deposit
Tags: Certificate Deposit, Certificate Of Deposit
Posted in Personal Finance | 7 Comments »
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?
1st deposit
Tags: Certificate Deposit, Invest, Period Of Time
Posted in Investing | 3 Comments »