Stonebridge Bank is offering a 21 month 2.30% APY and a 14 month 1.80% APY certificate of deposit with a minimum deposit of just $500. These are also available as IRA CD rates. This offer is available nationally and there’s an online application. Interest is compounded daily and the early withdrawal penalty is 180 days’…
Accounting careers are great for those that are good at math and are very analytical. There are several different types of accounting careers including tax accountants, auditors, actuaries, and budget analysts. If you’re planning an accounting career then you should plan on working with numbers a lot, working in front of a computer, and going…
Unearned income is making money that isn’t the result of a wage, salary, or tip. Deposits for work that is to be done is also considered to be unearned income. For example a deposit to begin construction on a building is unearned income. After the job is completed and the contractor is paid the deposit…
In order to get the best banking services you need to decide what aspects of banking you find most important. You should consider bank hours, branch locations, interest rates, banking fees, and many other factors when selecting the best bank. Once you prioritize your list you can then compare the banks on each of factors…
You need different materials ready depending on how you open a bank account. All methods of opening an account require proof of age, address, and legal status. Opening a bank account can take up to half an hour so make sure you have enough time to open your account. If you’re opening a joint account…
First City Bank is offering a 2.25% APY 15 month CD with a minimum deposit of $5,000 and a maximum of $250,000. These CD rates are going to expire on February 26th, 2010. There’s an online application that’s available to anyone nationwide, but you can’t seem to select the 15 month CD. When filling out…
Danversbank is offering a local Massachusetts CD rate and also some good national CD rates. The first you can get from their Cambridge branch at 485 Mass Ave. It’s a 2.5% 1 year CD with a minimum deposit of $500, and a maximum of $500,000. You need new money to open this account. This deal…
A zero balance account is a type of account that can make payments but does not carry a balance. A small business checking account that only carries enough funds to pay off its vendors is a type of zero balance account. Zero balance accounts are almost always in the form of a business checking account….
Fractional-reserve banking is a type of banking where the bank only needs to keep a fraction of their actual deposits on premises. Almost every bank operates under this type of system because this is what allows banks to generate money. For example a bank might loan out deposit money in order to get interest paid…
Bank reconciliation is any time you compare documents from a bank with documents from an account holder. Businesses and individuals will sometimes take part in bank reconciliation. If you balance your checkbook you can compare your own record keeping to the bank’s statements on your checking account and make sure they match up. This is…