Archive for December, 2006

Do you pay taxes on the the interest you earn on a savings account?

Monday, December 25th, 2006

Droppin Knowledge asked: if you have 100K saved and in a savings account earning 5.2% interest. Do you pay taxes on the income/interest?Casey Reiland

Share and Enjoy:

Share and Enjoy:
  • Digg
  • del.icio.us
  • Facebook
  • Mixx
  • Google
  • description
  • LinkedIn
  • Live
  • MySpace
  • NewsVine
  • Reddit
  • Technorati
  • Yahoo! Buzz
  • StumbleUpon

Can I have a savings account from a credit union AND hold a debit card from citibank?

Monday, December 18th, 2006

flammableazn asked: Is that possible?
I’m graduating high school and need a savings account for college and a debit card is probably helpful as well.Emily Esteybar

Share and Enjoy:

Share and Enjoy:
  • Digg
  • del.icio.us
  • Facebook
  • Mixx
  • Google
  • description
  • LinkedIn
  • Live
  • MySpace
  • NewsVine
  • Reddit
  • Technorati
  • Yahoo! Buzz
  • StumbleUpon

Is it possible to take a loan and put it into savings account?

Tuesday, December 12th, 2006

I Ask You asked: Is it possible to take a $430,000 loan at $1299 a month, put it into a 5% savings account, and then let the interest help pay off the loan. And if it would work, how much cash would be left off after the debt has been payed off?Vanesa Marcone

Share and Enjoy:

Share and Enjoy:
  • Digg
  • del.icio.us
  • Facebook
  • Mixx
  • Google
  • description
  • LinkedIn
  • Live
  • MySpace
  • NewsVine
  • Reddit
  • Technorati
  • Yahoo! Buzz
  • StumbleUpon

Should you Open a Savings Account?

Wednesday, December 6th, 2006

If you have a current account and you are starting to earn more than you spend each month, then maybe it is time to get a savings account. Even if you cannot save a lot of money, putting some money aside each month into a savings account can be a good idea. If you are [...]

Share and Enjoy:
  • Digg
  • del.icio.us
  • Facebook
  • Mixx
  • Google
  • description
  • LinkedIn
  • Live
  • MySpace
  • NewsVine
  • Reddit
  • Technorati
  • Yahoo! Buzz
  • StumbleUpon

What is the best bank to open a savings account with?

Wednesday, December 6th, 2006

emmysues asked: I want to open a savings account for my 1 year old son, what do you think is the best bank to use?Louise Suns

Share and Enjoy:

Share and Enjoy:
  • Digg
  • del.icio.us
  • Facebook
  • Mixx
  • Google
  • description
  • LinkedIn
  • Live
  • MySpace
  • NewsVine
  • Reddit
  • Technorati
  • Yahoo! Buzz
  • StumbleUpon

How do interest rates work for a savings account?

Sunday, December 3rd, 2006

Luv`You`Not asked: I’m about to get my own bank account. I wanted to get a debit card at first, but a friend told me that if I use a savings account, I can earn interest. But I don’t really know how it works. And she doesn’t quite know either. Btw I’ll be 14 when I [...]

Share and Enjoy:
  • Digg
  • del.icio.us
  • Facebook
  • Mixx
  • Google
  • description
  • LinkedIn
  • Live
  • MySpace
  • NewsVine
  • Reddit
  • Technorati
  • Yahoo! Buzz
  • StumbleUpon
how to stop foreclosure
motorcycle accident lawyer