Rates Current as of Thursday September 09, 2010

CD Rate Calculators and the Term of the CD

Posted in January 30th, 2010

A certificate of deposit rate calculator can be used to perform a number of different functions regarding investments in bank CDs. One function that can be performed with a CD interest rate calculator is to evaluate the time frame or term an investor may want to hold a bank CD.
Determining the term to hold a [...]

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CD Rate Calculator Uses

Posted in January 26th, 2010

by admin in CD rate calculator

Certificate of deposit interest rate calculators or CD rate calculators are used by investors for a variety of purposes. CD interest rate calculators are most frequently used to calculate the amount of interest earned on a bank CD or the amount of funds that will be returned over a specific time period.
A similar output that [...]

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CD Rate Updates

CD Interest Rates Continue to Fall July 19, 2010

National certificate of deposit rates once again moved lower for the week ending July 16, 2010. According to the most recent survey of bank CD rates performed by Selectcdrates.com, CD interest rates were lower for three of the five CD maturities measured and remained unchanged for the remaining two terms.
The average of the top [...]

Bank CD Interest Rates June 21, 2010

Certificate of deposit interest rates were just fractionally lower for the week ending June 18, 2010 based on the survey of bank CD rates performed by Selectcdrates.com. National CD rates for the three month, six month and two year maturities ended the week unchanged from the prior week. The one year and five [...]

Bank Certificate of Deposit Rates June 14, 2010

Certificate of deposit interest rates ended the week on June 11th with mixed results across the various maturities. The average yield for the five year CD rates ended with a gain on the week while the six month and one year term CDs remained unchanged. Unfortunately, the average rate on the top ten [...]

Banking & CD FAQs

At what point is the interest paid on a savings account versus the time period it is paid on a certificate of deposit?

The frequency of interest payments, or the level of compounding interest, on any bank account is determined by the bank and the type of account you have. Truth in savings regulation makes it so the bank has to inform that account holder what the APY is on the account. The APY is the

What is the discount method of calculating interest?

Under the discount method of interest calculations, the interest that will be due on an investment is calculated and withheld from the borrower when the loan or investment is made. For example, someone who borrows $1,000 for a year at a 10% interest rate would actually receive just $900 ($1,000 minus 10% of $1,000,

I opened an account with a bank that had advertised the account as a free checking account but on my first statement they had fees subtracted from my account. Is this legal?

Under banking laws and regulations, a national bank cannot advertise a free account if you could be charged a maintenance or activity fee. But your bank can offer a free account and still charge for certain services such as check printing, ATM use, or overdrafts. Just because an account is advertised as free

I have a cashiers check from a bank after an insurance settlement, the check is written as payable to just myself. Can I deposit this into my joint account or do I need to open a single account?

You should have no problem depositing the check to your joint account just as you would any other check that is written to either yourself or the other party on your joint account.

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