When is interest paid on a cd?

Answer Most CDs (certificates of deposit) used to pay a fixed interest rate until their maturity was reached. Today, CDs are more complex, with options ranging from variable rate CDs, to long-term CDs, to... Read More »

Top Q&A For: When is interest paid on a cd

Is interest paid on a time share condo deductible as mortgage interest?

According to the IRS, mortgage interest from a timeshare condominium is considered qualified residence interest that is tax deductible as long as the owner uses the condominium as a second home for... Read More »

How Is Interest Paid on a CD?

Banks offer CDs, short for certificates of deposit, as a fixed-rate investment for customers. The account offers a preset interest rate for the term of the CD. If you take your money out before the... Read More »

How is interest paid on a mortgage?

Lenders make a profit on the money used to back mortgages by charging the borrowers interest on the loan. The interest is usually paid back over the life of the loan.Monthly PaymentsMost mortgages ... Read More »

How to Figure Out Interest Paid on a Car Loan?

Car loans are installment loans. These are also called closed-end loans. The interest on the loan is pre-computed and added to an amortization schedule when you sign the loan. This makes figuring t... Read More »