What is the minimum on a certificate of deposit?

Answer The minimum you can put in a certificate of deposit varies. Certificates of deposit are, essentially, savings accounts where you agree not to withdraw your money for a specified time. During this t... Read More »

Top Q&A For: What is the minimum on a certificate of deposit

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

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 »

What is the minimum deposit to open a Roth IRA?

A range of financial institutions offer Roth IRA accounts, and the minimum deposit for each offering varies. For instance, the website points to three major mutual funds that off... Read More »

What does certificate of deposit mean?

A certificate of deposit is a bank account that returns a fixed rate of interest for a fixed period of time. These accounts are covered by FDIC insurance, but impose a high early withdrawal penalty... Read More »

What is a 30- to 60-day certificate of deposit?

A certificate of deposit is an account where the borrower, typically a bank, pays you a higher than market rate in exchange for your agreeing to leave your money with them for a set period of time.... Read More »