I see all these large investment firms offering small interest rates over an entire year and I know they are making returns 100 times over within that same time frame with my money. Is there anyone out there that appreciates my money as much as me and gives me a interest rate worth investing in?
I want to put $2-300,000 in a savings account. Will I get taxed high from my interest? I heard it was 33% but that’s about a 1/3 of you’re interest.
Once again, people confuse the form (1099-Int) with the income. The income is reported by you on your tax return. You report all of it. Just in case you think you don’t have to report it, the bank has to issue you a 1099-INT. To save trees, the report is required only if there is [...]
I just opened new savings and checking accounts at Bank of America and the savings account has $25.00 in it, while the checking has a little over $3,025 in it. Is it unwise to put that much in a checking and that little in savings, since it’s supposed to earn interest? How much interest does [...]
My children get savings bonds every year for birthdays, holidays, etc… How do you know when they have matured to face value? Do they earn interest after they mature, and if so at what rate. Thank you.
I was considering opening a ‘Savings Maximiser’ account with ING, which apparently has no fees but gives out 6.25% interest pa. How do they earn money from this? Are there any other hidden costs?
Why should I bother putting $1000 into a standard savings account at 2% interest to make a measly $20 at the end of the year, of which I have to pay 15% or more in taxes? Why can’t they leave their hands off your money and encourage more people to save?
I want to know because i am thinking of closing my current bank savings account to open up an internet savings account