1st deposit information http://www.1stdeposit.net Information about certificates of first deposit Tue, 05 Jan 2010 23:08:37 +0000 http://wordpress.org/?v=2.7.1 en hourly 1 Journal entry for investing in a certificate of deposit? http://www.1stdeposit.net/investing/journal-entry-for-investing-in-a-certificate-of-deposit/ http://www.1stdeposit.net/investing/journal-entry-for-investing-in-a-certificate-of-deposit/#comments Tue, 05 Jan 2010 23:08:37 +0000 admin http://www.1stdeposit.net/investing/journal-entry-for-investing-in-a-certificate-of-deposit/
g asked:


the question is..

Invest 2,000 in a Certificate of deposit.

What is the journal entry for this transaction?

1st deposit

]]> http://www.1stdeposit.net/investing/journal-entry-for-investing-in-a-certificate-of-deposit/feed/ How much can I get when I invest into this certificate deposit? http://www.1stdeposit.net/investing/how-much-can-i-get-when-i-invest-into-this-certificate-deposit/ http://www.1stdeposit.net/investing/how-much-can-i-get-when-i-invest-into-this-certificate-deposit/#comments Thu, 31 Dec 2009 00:05:15 +0000 admin http://www.1stdeposit.net/investing/how-much-can-i-get-when-i-invest-into-this-certificate-deposit/
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

]]> http://www.1stdeposit.net/investing/how-much-can-i-get-when-i-invest-into-this-certificate-deposit/feed/ which bank is good to invest money for certificate deposit? http://www.1stdeposit.net/investing/which-bank-is-good-to-invest-money-for-certificate-deposit/ http://www.1stdeposit.net/investing/which-bank-is-good-to-invest-money-for-certificate-deposit/#comments Sun, 27 Dec 2009 02:08:16 +0000 admin http://www.1stdeposit.net/investing/which-bank-is-good-to-invest-money-for-certificate-deposit/
Lucy asked:


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

1st deposit
]]> http://www.1stdeposit.net/investing/which-bank-is-good-to-invest-money-for-certificate-deposit/feed/ What will happen to the interest earned in a Certificate of Deposit if a bank closes? http://www.1stdeposit.net/personal-finance/what-will-happen-to-the-interest-earned-in-a-certificate-of-deposit-if-a-bank-closes/ http://www.1stdeposit.net/personal-finance/what-will-happen-to-the-interest-earned-in-a-certificate-of-deposit-if-a-bank-closes/#comments Sat, 12 Dec 2009 07:00:24 +0000 admin http://www.1stdeposit.net/personal-finance/what-will-happen-to-the-interest-earned-in-a-certificate-of-deposit-if-a-bank-closes/
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

]]> http://www.1stdeposit.net/personal-finance/what-will-happen-to-the-interest-earned-in-a-certificate-of-deposit-if-a-bank-closes/feed/ What happens to a certificate of deposit, if it not “willed” or in a “Planned Estate” by parents? http://www.1stdeposit.net/investing/what-happens-to-a-certificate-of-deposit-if-it-not-willed-or-in-a-planned-estate-by-parents/ http://www.1stdeposit.net/investing/what-happens-to-a-certificate-of-deposit-if-it-not-willed-or-in-a-planned-estate-by-parents/#comments Sun, 22 Nov 2009 09:04:11 +0000 admin http://www.1stdeposit.net/investing/what-happens-to-a-certificate-of-deposit-if-it-not-willed-or-in-a-planned-estate-by-parents/
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

]]> http://www.1stdeposit.net/investing/what-happens-to-a-certificate-of-deposit-if-it-not-willed-or-in-a-planned-estate-by-parents/feed/ What is the purpose of a 30 day certificate of deposit? http://www.1stdeposit.net/credit/what-is-the-purpose-of-a-30-day-certificate-of-deposit/ http://www.1stdeposit.net/credit/what-is-the-purpose-of-a-30-day-certificate-of-deposit/#comments Tue, 13 Oct 2009 03:25:36 +0000 admin http://www.1stdeposit.net/credit/what-is-the-purpose-of-a-30-day-certificate-of-deposit/
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
]]> http://www.1stdeposit.net/credit/what-is-the-purpose-of-a-30-day-certificate-of-deposit/feed/ Can I still add money to a Certificate of Deposit even after I open it? http://www.1stdeposit.net/investing/can-i-still-add-money-to-a-certificate-of-deposit-even-after-i-open-it/ http://www.1stdeposit.net/investing/can-i-still-add-money-to-a-certificate-of-deposit-even-after-i-open-it/#comments Fri, 02 Oct 2009 15:54:22 +0000 admin http://www.1stdeposit.net/investing/can-i-still-add-money-to-a-certificate-of-deposit-even-after-i-open-it/
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

]]> http://www.1stdeposit.net/investing/can-i-still-add-money-to-a-certificate-of-deposit-even-after-i-open-it/feed/ What would the penalty be if a certificate of deposit is taken out early? http://www.1stdeposit.net/investing/what-would-the-penalty-be-if-a-certificate-of-deposit-is-taken-out-early/ http://www.1stdeposit.net/investing/what-would-the-penalty-be-if-a-certificate-of-deposit-is-taken-out-early/#comments Wed, 30 Sep 2009 03:53:08 +0000 admin http://www.1stdeposit.net/investing/what-would-the-penalty-be-if-a-certificate-of-deposit-is-taken-out-early/
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
]]> http://www.1stdeposit.net/investing/what-would-the-penalty-be-if-a-certificate-of-deposit-is-taken-out-early/feed/ Can I cash in a certificate of deposit that my name is not on? http://www.1stdeposit.net/personal-finance/can-i-cash-in-a-certificate-of-deposit-that-my-name-is-not-on/ http://www.1stdeposit.net/personal-finance/can-i-cash-in-a-certificate-of-deposit-that-my-name-is-not-on/#comments Wed, 23 Sep 2009 08:24:09 +0000 admin http://www.1stdeposit.net/personal-finance/can-i-cash-in-a-certificate-of-deposit-that-my-name-is-not-on/
Heidi S asked:


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

1st deposit
]]> http://www.1stdeposit.net/personal-finance/can-i-cash-in-a-certificate-of-deposit-that-my-name-is-not-on/feed/ If you invest $5000 in a certificate of deposit at the bank and you recieve annual intreset of 8% for 7 years? http://www.1stdeposit.net/investing/if-you-invest-5000-in-a-certificate-of-deposit-at-the-bank-and-you-recieve-annual-intreset-of-8-for-7-years/ http://www.1stdeposit.net/investing/if-you-invest-5000-in-a-certificate-of-deposit-at-the-bank-and-you-recieve-annual-intreset-of-8-for-7-years/#comments Thu, 17 Sep 2009 10:43:54 +0000 admin http://www.1stdeposit.net/investing/if-you-invest-5000-in-a-certificate-of-deposit-at-the-bank-and-you-recieve-annual-intreset-of-8-for-7-years/
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
]]> http://www.1stdeposit.net/investing/if-you-invest-5000-in-a-certificate-of-deposit-at-the-bank-and-you-recieve-annual-intreset-of-8-for-7-years/feed/