Interest
First of all, most banks are federally insured for up to $250,000 per person per bank. So, putting $1 million in one bank may not be a good idea.
Secondly, the interest you earn depends on the rate the bank will pay you. Assuming the interest compunds monthly, which is ususally the case, here’s [...]
I want as high as I can get. I saw a company called Everbank that offered about 2% for the first year. Is Everbank a legitimate company? I don’t want anyone stealing my money, and I am not very trusting. Should I just get a money market with Everbank? Is there any other legitimate [...]
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I was wondering what a good interest rate on savings accounts are?
I recently opened 2 savings accounts, after looking at the interest percentages I noticed a big difference. one says
Annual Percentage Yield
APY 0.50%
nominal interest rate 0.50%
and the other is
apy 3.0%
rate 3.0%
i know the second looks better but what is the difference when you [...]
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account, which will earn 5% each year. On the child’s 18th birthday, the account will have accumulated $10,000. How much did the parent deposit on the day of the child’s birth?
account, which will earn 5% each year. On the child’s 18th birthday, the account will have accumulated $10,000. How much did the parent deposit on the day of the child’s birth?
If I gained $200 on savings account interest for 2008, can I avoid paying tax on it by selling some stocks at a loss of $200?
Hi,
I earned a saving bank account interest of $27. I forgot to add that in my federal as well as state returns. What are the consequences I’m facing. What are the probability to get audited for this one.
I didn’t get form 1099 from my bank. What should I do now?
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A list of the top 20 would be great. Thanks for your time.
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