Fix account in a deal - Online Editor

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How to fix account in the deal

4.7 out of 5

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financial literacy brought to you by MTV PwC and DLC Eubank we are now going to look at the different foods that we can get out of this tree and they are all written there the first one Im going to talk about is a fixed deposit account the bank has a product called a fixed deposit account what is done is that if you have 1 million shillings and above you can go to your branch manager is here and tell me both we started our savings we have some money and want you to keep it for us but I want you to give us a good interest we know that in the investment trap account that we have you can only give us up to 6.5 percent but you want more then you tell you yes you give us that money we keep it for you for three months or for six months or for 12 months if we keep it for you and you dont come and withdraw it we are going to give you a bit a better interest well give you h percent well give you nine percent well even give you up to ten percent depending on how much you you are putting and

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How much will I get if I put $10000 in a CD for 1 year?

A one-year CD with a $10,000 opening deposit that earns a yield of 5.1 percent would be worth around $10,510 when it matures in 12 months time.

Which banks offer the 5% interest savings accounts?

What is the best easy-access account? ProviderAccount nameInterest rate (AER) Cynergy Bank Online Easy Access Account (Issue 71) 5.01% Monument Bank Easy Access Savings 5.01% Virgin Money Defined Access eSaver Issue 23 5.01%4 more rows

What bank gives 5% interest on savings?

Multiple banks offer 5% on a savings account, such as Varo Bank and CIT Bank. Investing platforms like Betterment and Wealthfront also have 5% savings accounts for new customers.

Who is paying the highest CD rates right now?

Here are Bankrates top picks for banks with the best CD rates. Barclays Bank 6 months - 5 years, 3.50% 5.30% APY, no minimum deposit. America First Credit Union 3 months - 5 years, 4.20% 5.30% APY, $500 minimum deposit. Popular Direct 3 months - 5 years, 4.30% 5.30% APY, $10,000 minimum deposit.

How much does a $5000 CD make in a year?

How much interest would you make on a $5,000 CD? We estimate that a $5,000 CD deposit can make roughly $25 to $275 in interest after one year. In comparison, a $10,000 CD deposit makes around $50 to $550 in interest after a year, depending on the bank.

Which bank gives 6% interest in savings account?

Digital Federal Credit Union has an account that pays over 6% APY, but you must meet membership requirements to get started. You also wont earn this high interest rate on your entire Digital FCU savings balance. Plenty of savings accounts are available around the U.S. and still offer great rates over 5% APY.

How much does a $10000 CD make in a year?

Earnings on a $10,000 CD Opened at Todays Top Rates Top Nationwide Rate (APY)Balance at Maturity 6 months 5.76% $ 10,288 1 year 6.18% $ 10,618 18 months 5.80% $ 10,887 2 year 5.60% $ 11,1513 more rows Nov 9, 2023

Which bank gives 7% interest on savings?

Which Bank Gives 7% Interest Rate? Currently, no banks are offering 7% interest on savings accounts, but some do offer a 7% APY on other products. For example, OnPath Federal Credit Union currently offers a 7% APY on average daily checking account balances up to and under $10,000.

How much interest will I earn on $10000 dollars?

Heres what your returns on a $10,000 balance could look like 0.46% APY5.30% APY After 1 Year $46.00 $530.00 After 5 Years $232.13 $2,946.19 After 10 Years $469.64 $6,760.37 Dec 30, 2023

How much does a CD grow in a year?

ing to the Federal Deposit Insurance Corporation (FDIC), as of Sept. 18, 2023, the average interest rate for a 1-year CD is 1.76%, more than double the 0.45% average rate reported for savings accounts. The best CD rates, as youll see below, are considerably higher, with some APRs exceeding 5%.

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