How do I calculate yearly deposit amounts based on total certificate of deposit amount?

Answer Figuring the DepositAdd 1 to the interest rate per month, then raise the number to the power of the number of times the CD compounds. This is the interest factor. Divide the total amount of the CD ... Read More »

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Why didn't my bank credit my deposit How long does a deposit from Nigeria take?

Yeah, go ahead and send me that account number... I'll look into it for you.PS: Oh yeah, I'll need the routing number, your zip code, and the last 4 digits of your social as well.Edit: Thanks, Mike... Read More »

What is a brokered deposit?

A brokered deposit represents time deposit money that has been acquired by a broker from its customer banks for sale in small amounts to various other banks who then establish these deposits on the... Read More »

What is a deposit slip?

A deposit slip is a form from the bank that people fill out when they wish to make a deposit to their account. The deposit slip allows depositors to fill out the date and the amount they wish to de... Read More »

Is a Certificate of Deposit an IRA?

An IRA is a retirement vehicle that allows your money to grow tax-free. Traditional IRAs allow you to tax-deduct the money you put into the investment vehicle but you pay tax when you remove the mo... Read More »