what is the current interest in passbook savings account and statement money market despoit account???????????
918681
That depends on which bank or credit union your using for your accounts. you can go to www.bankrate.com and check the best rates on savings accounts, MMA's, and CD in your local area.
1139097
Your math is correct but you have to remember that all rate are on annual basis. That means that if you invest 5000.00 for one year you will earn $27.00 after one year with 0.55%. \n\nThe difference between Money market account and saving account is following.\n\nMoney Market:\n\n-Ussualy requires higher minimum balance\n-You are limited to amount of withdraws (6 per month out of the six 3 can be checks)\n- Some Money Market accounts may not br FDIC insured\n\nSavings account:\n\n-Lower balance\n-Lower interest\n-Lower monthly fee if account is uder minimum balace\n-you can make up to 6 withraws per month no checks\n\n\nSome other regulations apply.\n\nHope this helps. If you need more info let me know.
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.
487839
Need to know how much you invested at what interest rate first.
780090
If you have 5-10,000 dollars then the money market deal is good mentioned above. But if you're like most of us that have a grand or less, you want to look into online banks for the best interest. These are a little scary because you can't walk into them and if you want to tak out money, it takes a day or two, but they pay the best interest. Check this link to compare interest rates. Good luck!\n\nhttp://www.bankrate.com/brm/news/chk/20001002j.asp
152867
It depends on the issue date.  Check the links below.  One is a savings bond calculator and the other is the government website for bonds.
979008
You're right... there's really not much of a benefit either way nowadays.  I think when you look at fees charged for services and the interest being paid, it's probably an easy decision.  Some money markets are NOT FDIC insured however... whereas personal checking accounts are FDIC insured.
1039226
open a time deposit account...
414425
Money market account rates can change daily, weekly, monthly - depending on the institution. I have a link to bankrate, which list 'a lot' of them.\n\nUnderstand it is NOT a complete list, but it is good for an idea, what banks/financial institutions are paying.\n\nCurrently HSBC Direct is paying 4.5% for their on line savings account - you may find this is more than many money market accounts.\n\nBeing a savings account, means there are limits as to the amount of times you can withdraw funds each month. You can make as many over the counter withdrawls as you like each month, but only 3 electronic.\n\nGood Luck!\n\nPS. Consider the rate, but also consider convenience, and an account that works the way you need it to.
349726
A money market account is essentially a fixed income mutual fund.  The difference, is that all investments have extremely short maturities.  Depending on indicated investment style, the accounts can invest in just about any fixed income instrument - CDs, commercial paper, bankers acceptance notes, mortgages, bonds maturing less than a year from now, etc.\n\nSince the investments are extremely liquid and short-term, which makes them pretty safe, your interest yield will be very low.  That's the bad news.  The good news, is that the share price rarely fluctuates by much (for the same reason) and, if you invest in government debt money markets, your returns can be tax-free.
864588
It could be either, but in general they use the average daily balance.  Otherwise, you could deposit $100,000 at the end of the month, get full interest on that, and then take it out again 2 days later.  Banks don't like that kinda thing.
642311
interest-SIMPLE INTEREST
275676
A checking account gives you a debit card and checks, whereas a savings account just lets you keep your money in the bank to collect interest.
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.
355286
uuhhh...\n\n\ntalk to the bank????
722845
I suggest you to close all your accounts and move to another bank.\n\nI also suggest you to buy Microsoft Money 2005 Standard Edition or at least a notebook to write down all your deposits and withdrawals to keep your balance up to date so you don't overdrawn your account again.\n\nIt's a lot cheaper than £30 \n\nTop 3 Answerer in Business & Finance. (Vote for me)
72513
when your statement comes in take the ending balance they give you and subtract any debt that hasnt come in add any deposit they have not posted this is your correct balance they have already given you any interest and taken any charges .  if you do not have your statement yet the bank will give you a read out wich is all your current activity that will work