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Lets say you are going to deposit $1000 in your bank for one year.
a. Savings account - 1% rate of interest - Interest earned = $10
b. Certificate of Deposit - 4% rate of interest - Interest earned = $40
checking account has little or 0% interest so I havent used it here.
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What is deposit mobilization?
Banks mobilize deposits by making finances and by investing in various financial markets. Basically deposit mobilization is related to the creation of credits. The banks would have special campaigns where they would interact with a lot of people and invite them to make deposits with their bank.
What are the different types of fixed deposits?
Fixed deposits come in various types to cater to diverse financial needs: Regular Fixed Deposits: Standard fixed-term deposits with a predetermined interest rate. Senior Citizen Fixed Deposits: Tailored for elderly individuals, offering higher interest rates. Tax-Saving Fixed Deposits: Provide tax benefits under Section 80C of the Income Tax Act. Cumulative Fixed Deposits: Interest is compounded and paid along with the principal at maturity. Non-Cumulative Fixed Deposits: Interest is paid at regular intervals, providing a steady income stream. Special Fixed Deposits: Customized options with unique terms and conditions, often offered by specific banks. Each type serves specific financial objectives, allowing investors to choose based on their preferences and requirements. Shriram Finance offering flexible tenures and returns of up to 9.20%* p.a. (Including 0.50%* p.a. for Senior Citizens and 0.10%* p.a. for Women)
Are the interests rates on an american express UK card the same as in the US?
Because of the currency differnce, the interest rates are not the same. You can check with the credit card website to view the various cards.
What is the limit for overdraft?
It depends on various factors like:Your history with the bankYour monthly salaryPresence of Collateral (Like gold or fixed deposits or securities)Usually it is 2 times of your monthly salary if yours is a salary account or 80-90% of the value of the collateral you pledge against your overdraft account.
Where can I find current mortgage refinance rates in California?
There are various websites where one can learn about current mortgage refinance rates in California. Some examples of these websites would be Quicken Loans, Zillow, and Erate.
What are the various types of deposits in a private and nationalized bank?
* Savings Account/Checking Account * Current Account * Fixed/Time Deposits * Recurring Deposits
Various means of calculation of depreciation?
the straight line method and the writtne down method
What is the formula of load calculation?
There are various formula of load calculation. Power equals current multiplied by the voltage. Power can also be computed by multiplying the resistance by the square of the current.
What are the various types of bank accounts?
* Savings Account/Checking Account * Current Account * Fixed/Time Deposits * Recurring Deposits
What country is rich in mineral salt?
Some examples of countries rich in mineral salt include Chile, the United States, China, and Australia. These countries have large reserves of salt deposits that are used for various industrial and culinary purposes.
What do sediment deposits on dry land form?
Sediment deposits on dry land can form various landforms such as sand dunes, alluvial plains, and deltas. Over time, these deposits can accumulate and be cemented together to form sedimentary rocks.
Is it true deposits were formed when ancient seas evaporated?
Deposits can form from the evaporation of ancient seas if the water contains dissolved minerals that precipitate out as the water evaporates. This process can lead to the formation of evaporite deposits such as salt, gypsum, and other minerals.
Where in the world can deposits of anthracite be found?
Deposits of anthracite can be found in various countries around the world, including the United States, Russia, China, and South Africa. Additionally, smaller deposits can be found in countries such as Ukraine, Vietnam, and Australia.
What does a glacier do to the surface of the earth as it recedes?
the glacier deposits various rocks and sediment it displaced as it moved forward
Is there titanium dioxide deposit in Nigeria?
Yes, there are titanium dioxide deposits in Nigeria. These deposits are found in various states such as Ekiti, Ogun, and Kwara. Titanium dioxide is a valuable mineral used in various industries such as paint, cosmetics, and food.
What are various examples of web portals?
i ruule
What is an example of a political party arrogating interests?
creating a coalition of various groups to pass a bill
