What does it mean if my savings account is FDIC insured?
Friday, July 21st, 2006mjm13186 asked: I’ve heard that’s a good thing but I really don’t know what it means. I have an online savings account that has a 4.5% APY and is FDIC insured up to $100,000, but not beyond that. So what does it mean if I end up one day with more than 100k in [...]
How do you solve this question about savings account?
Tuesday, July 4th, 2006YouHelpMe-IHelpYou asked: Jane took out $5000 from her savings account which paid 2% interest and invested it in a stock paying 8%. If the total interest from both the remaining savings account money and the stock amounted to $580 for a year, how much was orginally in the savings account?Dalia Neuser
Share and Enjoy: