Investing

How much a bank can pay me for interest in a 100k balance?

Aug 23rd

Posted by Banks in Investing

3 comments

GO asked:


I’m planning to sell my house for around $130K and was thinking opening an account that pays me interest (Capital One banking for example is at 4.30 apy)

I want to know how this work with any bank, do the interest accumulates monthly or once a year. How much interest should I get and how is calculated?

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What does a million dollars in the bank do to your taxes?

Aug 16th

Posted by Banks in Investing

No comments

Imagine that someone gives you or you win more than a million dollars. You pay the inheritance/gift/prize tax and you now have an even 1 mil in your bank account.
A) How does it affect your taxes if you let it just sit there?
B) What if you invest it by buying 1 mil worth of high yeild CDs?
C) Does this send out a red flag that makes you more likely to be audited?

By: Kender_fury

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BANK!!!?

Aug 12th

Posted by Banks in Investing

4 comments

jewlz =) asked:


I have a project, and this is the directions…

“Visit 3 seperate banks. Be sure they are Different Banks, not two branches with the same bank name. Obtain materials like brochures and pamphlets and speak with representivies to obntain answers to the follow questions for each bank….etc.”

what does it mean by different banks, not two branches w/ the same bank name???

what 3 banks do i choose then ??

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