How To Increase Your Savings » Interest

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

Where Can I Get A High Interest Savings, Checking Or Money Market Account?

External Contributor — Fri, 26 Feb 2010 00:47:43 +0000

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 company with no risk that has a higher APY?
Thanks

What Is A Good Interest % On Savings Account?

External Contributor — Thu, 25 Feb 2010 00:27:06 +0000

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 break it down to the dollars/cents

On The Day Of The Child’s Birth, A Proud Parent Deposits An Amount Of Money Into A Compound Interest Savings ?

External Contributor — Wed, 24 Feb 2010 12:42:14 +0000

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?

On The Day Of The Child’s Birth, A Proud Parent Deposits An Amount Of Money Into A Compound Interest Savings ?

External Contributor — Mon, 22 Feb 2010 00:25:22 +0000

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 Sell My Stocks At A Loss For The Amount I Gained On Savings Interest Do I Pay Tax?

External Contributor — Sun, 21 Feb 2010 18:35:06 +0000

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?

If I Don’t Receive A T5 For Interest Earned From A Savings Bank Account, I Am Required To Declare It?

External Contributor — Sat, 20 Feb 2010 18:25:52 +0000

On my Canadian taxes?

Forgot To Add Savings Account Bank Interest?

External Contributor — Thu, 18 Feb 2010 12:37:16 +0000

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?

How Much Interest Do You Get From A Well Fargo Savings Account?

External Contributor — Fri, 12 Feb 2010 18:35:05 +0000

In a percentage

Which Bank Has The Highest Savings Account Interest Rates In Orange County, Ca?

External Contributor — Mon, 08 Feb 2010 12:26:38 +0000

A list of the top 20 would be great. Thanks for your time.