what up with interest that you get in the bank?
88052
Banks can do that because they are able to lend the deposits it has to borrowers at higher interest rates than they pay. \n\nThere are federal regulations that govern how much a bank can lend.  But basically, the bank can turn around and lend your deposit several times.\n\nBanks can also borrow money from the Federal Reserve at prime and then lend that money to more borrowers.  They can also turn around and lend that money several times over.
613787
This is true. If you can earn more for your money by keeping them in a bank, you tend to save and deposit them there. You will not be encouraged to borrow because you will be paying higher interest.\n\nWith lower interest rates, you tend to place your money where you could earn more, such as in business or other investments. Also, if you may borrow because you do not worry so much about the interest.
252933
I think what you are referring to is called compound interest.  That is when your interest is paid on a regualr basis, like mnthly.  So in the following month you get interest on your principle and the interest you received from the previous months.  This reults in a overall higher rate of return.
156250
You have recieved a deposit. Money has been put into your account. (checking/savings)
93781
How much money are we talking about and what interest rates are you paying?
502595
The bank issues a 1099 interest that is earned from your Certificate of Deposit. And that has to be claimed in your tax return.
144182
easy. loan proccesing fees. You pay the int. up front under a different name. Simular to points (another name for interest) on a Mortgage.
705943
its a payment that U set up for an amount to come out at a certian point.  I have a standing order set up for money to come out of my account each month and go into a joint account.  If you call you bank they will be able to explain in more detail.
1170298
What is a fixed deposit?\n\n    A fixed deposit account allows you to deposit your money for a set period of time, thereby earning you a higher rate of interest in return. Fixed deposits also give you a higher rate of interest than a savings bank account.\n\nA fixed-income debt security, usually issued by banks. A Fixed Deposit is like loaning the bank your money. In return, they pay you interest.\n\n\n\nWho can apply for a fixed deposit account?\n\nIndividuals and organizations with the intention of retaining their savings for a fixed period for some future use.\n\nWhat are the benefits of a Fixed Deposit?\n\n The option to withdraw the deposit at any time before maturity without any difficulty.
99244
Usually you will get a higher interest rate with the larger CD, however unforseen circumstances could cost you alot more. If it were me I would invest it in one $5,000 CD and two $2,000 CD's and one $1,000 CD. This will allow you a better return while also allowing you the chance to withdraw early with minimal damage should you find yourself in a situation where you need the money. (If you need a K note then cash a K note, 2K then cash a 2K ect....)
1161148
you contact your plans administrator and it should be fairly easy. it's usually limited to a certain percentage of your account balance or your annual contribution.  you will have to pay yourself interest on the the loan.  you should have received this info when you opened your account.
629399
u can't do nething bout the interest that the bank charges on the govt. loans. I feel u shud be much more specific in what ur askin.
886511
so they can keep your cash in their account and reap the interest , i bet you are not the only one this has happened to so imagine the amount of money involved
996986
avoid any borrowing! if you cant afford it you may not need it! try it, interest is dead money
881093
I'm guessing that you mean a savings account book, what they write in it means nothing unfortunately, their computer system will only have credited you £10.\n\nThat said i'd wait a couple of months and go in and ask them to update the book with any interest thats due, play dumb and say you're not sure if you're due any but you're just curious. If the balance is £10,000 plus a bit of interest, withdraw it all immediately and blow it.
1132383
Even "high interest" savings or Money market accounts pay less than the interest rate a bank charges for a loan. That's how banks make money. They take in money and pay a low interest rate, and then they lend money out at a higher interest.
131591
How about putting at least, $20-$40 a month away into an ING account. No, I do not work for them but, I decided that if I put that much away a month and not touch it, then in 5, 10 or 15 years from now, I will have a nice nest egg. Didn't hear anything negative about them but there are others out there you may like to put your money in to collect interest for yourself! I hope this helps! So far, it has been 6 months now and my interest rates are increasing. So, I'm happy I did it.