How To Increase Your Savings » Deposit

The Best Savings Or Term Deposit That Earns More Than 9 Per Cent Per Year?

External Contributor — Sun, 28 Feb 2010 00:25:33 +0000

i live in melbourne australia, i wonder that anyone know how to invest your regular savings every month and earn more than 9 per cent per year? many much appreciated…

How Much Interest Can I Earn Annually For Deposit Of 1 Mil In Savings Account?

External Contributor — Fri, 26 Feb 2010 12:39:13 +0000

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 what you’ll earn annually at the following interest rates:
2% – $20,184
3% – $30,416
4% – $40,742
5% – $51,162
6% – $61,678

Can You Get Direct Deposit Into A Savings Account?

External Contributor — Mon, 15 Feb 2010 18:26:08 +0000

i get paid thru direct deposit and was think of having it sent to my savings instead of my checking, is this possible?

Friend Deposit Money Into Inactive Savings Account?

External Contributor — Sun, 07 Feb 2010 18:25:23 +0000

I need a friend to deposit some money into my savings account. Problem is my account is inactive, but not terminated yet. The bank told me it would be if it remained like that for a year. So is it possible for my friend to deposit money into my savings account ? Plus, I don’t know him too well yet, so would this be a wise decision? If all’s well, what do I need to give him for him to deposit the money?

Which Bank Is The Bank That Will Round Up Each Transaction And Deposit That Into Your Savings Account?

External Contributor — Tue, 26 Jan 2010 00:53:37 +0000

Awhile back I saw a commercial about a bank that would round up transactions (say you bought 15.75 in gas) and then deposit that amount into your savings account (they would take that .25 cents and put it in your savings). I think I even read somewhere about it matching that amount up to a certain amount per year!
Anyone know which bank I am talking about?

Is Time Deposit Accounts Better Than Savings Account?

External Contributor — Thu, 14 Jan 2010 12:33:12 +0000

i’m an overseas filipino worker and i’m planning to open an account i want to know which kind of account best suites me… and which bank ofers the best?

What Is The Difference Between A Certificate Of Deposit And A Savings Bond ?

External Contributor — Mon, 04 Jan 2010 18:44:12 +0000

if u can also help me with this answer i also need to know the current interest rates of both?

What Is The Difference Between A Certificate Of Deposit And A Government Savings Bond?

External Contributor — Mon, 21 Dec 2009 12:25:11 +0000

Both of these are safe ways to earn interest on your savings.
A certificate of deposit (CD) issued by a private financial institution offers you a good interest rate in exchange for your agreement not to withdraw your money for a given period of time (typically 6 months, 12 months, 5 years, etc). At the moment you can earn about 5.5% for a 1 yr CD at a reputable bank.
A government savings bond is even more secure, because it is issued by the US Government itself. Like a CD, you earn more interest the longer you leave the bond invested. However, US savings bond offer a lower rate of interest than bank CDs.
There are also government bonds and lots of other types of bonds, but these are more complex investments.
If you are thinking about choosing between a bank CD and a US savings bond, here are 3 simple questions: Will you want to “cash in” the bond within 1-3 years? Do you want to earn the highest rate of interest? Are you confident that your money is safe at the bank where you buy the CD? If you answered ‘yes’ to all three questions, then you will probably find that the CD is more flexible and offers you more earned interest.
Below I have listed two web sites where you can get further information.

I Found Out How Much My Savings Bond Was Worth. If I Deposit It At The Bank, Will They Take It For It’s Value

External Contributor — Fri, 04 Dec 2009 12:29:51 +0000

I found that an old company that my mom used to work for gave me a savings bond when I was born. I recently found that savings bond today. It’s worth about $125. If I deposit it at the credit union, will they take it at how much it’s worth or the face value (it has $50 printed on it)?
Thanks!

Is There A Savings Account Out There Where You Can Deposit Money Into But Cant With Drawl Until A Certain Date?

External Contributor — Fri, 27 Nov 2009 13:29:14 +0000

Im trying to sort of “lock in” my money so im not tempted to use it.