Sentences with phrase «as interest on deposits»

The net interest margin (NIM), which most banks report quarterly, represents this spread, which is simply the difference between what it earns on loans versus what it pays out as interest on deposits.

Not exact matches

Some in the Canadian banking establishment regarded its generous interest rates on deposits — they began at 4 %, at least double that offered by Canada's dominant Big Six banks — as risible folly.

The amount of interest paid on savings accounts in Canada vary by institution, product, client type, as well as deposit balance.

Bank of America relies heavily on higher interest rates to maximize profits as it has a large stock of deposits and rate - sensitive mortgage securities.

A carry trade is typically based on borrowing in a low - interest rate currency and converting the borrowed amount into another currency, with proceeds placed on deposit in the second currency if it offers a higher rate of interest or deploying proceeds into assets — such as stocks, commodities, bonds, or real estate — that are denominated in the second currency.

Achievement of these goals was considered by the HRC as very challenging, even aggressive, given the expected modest economic growth for 2007 for the financial services industry, the impact and duration of the on - going flat / inverted yield curve (meaning short - term interest rates that are virtually equal to or exceed long - term interest rates, thus lowering profit margins for financial services companies that borrow cash at short - term rates and lend at long - term rates), potentially higher credit losses, fewer available high - quality, high - yielding loans and investment opportunities, and a consumer shift from non-interest to interest - bearing deposits.

Quick answer: no, as the European Central Bank, which has an inate fear of inflation, felt compelled on Thursday by the economic crisis in Europe to cut its benchmark interest rates by 0.25 percentage points, bringing the refinancing rate to a record low of 0.75 % and the overnight deposit rate to zero.

Just as the pack of gum that costs a dollar will cost $ 1.02 in a year, assuming 2 % inflation, a savings account that was worth $ 1,000 would be worth $ 903.92 after 5 years, and $ 817.07 after 10 years, assuming that you earn no interest on the deposit.

First, substantial direct or indirect wealth transfers from the state sector to Chinese households will unleash a surge in household consumption as household income rises (and because the interest on bank deposits is an important source of income for most middle and lower middle class households, if the authorities reduce interest rates, as struggling borrowers are demanding, China actually moves in the wrong direction).

As interest rates in Europe fell to unfathomably low levels over the last decade, lenders found themselves in a tough position: Mortgage interest — and therefore income — fell in lock step with the Euribor, and yet banks only had so much leeway to cut interest paid on deposits, which are their primary source of funding for mortgages.

What are banks for? Typically, banks are described as intermediaries that take deposits and lend them out, earning what is called net interest margin on the gap between what is paid on the savings and what is earned on loans. From where I stand, this description is wrong on three counts.

This in turn was the result of a 5.4 - percent contraction in salaries and a fall in other sources of net income such as interest on bank deposits and share dividends of 4.4 percent.

If you leave these dividends on deposit with your insurance company and they earn interest, however, the interest you receive should be included as taxable interest income.

This means the money that sits in your checking account (such as your paycheck deposits and rent and utility funds) earns interest with no extra work on your part.

Through our community pool, members will be able to earn interest on their deposited coins (when lent), while also borrowing cash using their assets as collateral.

The interest spread is defined as the difference between the average interest rate received on interest - earning assets less the average interest rate paid on all deposits.

The best part is borrowers can usually earn interest on their deposits while using them as collateral for a secured loan.

Factors such as the Fed choosing to pay interest on bank reserve deposits, the large cash holdings of big firms, and the persistent regime uncertainty that makes lending / investing seem particularly risky these days can together explain the reluctance of the banks to turn the monetary base into money via the multiplier process.

People looking for high interest and a variety of features won't be quite as impressed with Simple, which only gives customers a nominal 0.01 % APY on their checking deposit.

For lenders, such as banks and credit unions, cost of funds is determined by the interest rate paid to depositors on financial products, including savings accounts and time deposits.

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With 53 per cent of small business owners saying that they spend between one and six hours per week chasing late payments, firms can take control by: Making sure there is a contract in place which confirms payment times and then penalties if payment is late — such as interest charges Offering a discount for prompt payment, dependent on the relationship with the purchaser Asking for payment up - front, or a deposit before work begins Talking to the purchaser before shipment to make sure that all sides know payment terms John Walker, National Chairman, Federation of Small Businesses, said: «There are always going to be companies that pay late, but there are steps that businesses can put in place to make sure that they don't fall foul of the issue.

Subsequent to this judgment, the B&ECPL continued the above established practices for this account and on May 18, 2006 adopted Resolution 2006 - 19, which provided the B&ECPL Director or designee the authority to periodically transfer balances from the Encore Editions bank account to the B&ECPL Trust Account on deposit with the Erie County Comptroller to earn interest until such time as they are needed for the uses identified above.

«The last bailout of N8.8 bn he collected, Fayose fixed N5.3 bn of this money in Skye Bank so that he can benefit from the interest that will accrue on the deposit while the remaining N3.2 bn is in the JAC Account, even as he has refused to pay the beneficiaries of the bailout as approved by the Federal Government.»

You earn a 5 % bonus on earned interest every six months so long as you avoid any withdrawals and make at least one deposit every month.

Interactive Brokers uses internationally recognized benchmarks on overnight deposits as a basis for determining interest rates.

For most time deposit accounts, we will credit interest to your account on a monthly, quarterly, semi-annual or annual basis, as you may elect.

Once you are discharged from bankruptcy, which can happen as quickly as nine months, you can borrow again, but the bankruptcy information on your credit report generally means that the first time you borrow you may be required to provide a security deposit, or you may be charged a higher rate of interest.

In it, CRA defines «shares of non-resident corporations held by the resident filer or on deposit with a Canadian or foreign broker» and «interests in mutual funds that are organized in a foreign jurisdiction» as specified foreign property.

Online checking accounts often pay interest, so they are a serious consideration for folks who want to collect a little interest on their deposits without sacrificing the ability to write as many checks as they want.

As interest rates rise, banks are forced to pay higher rates on deposits and other interest bearing accounts.

The $ 500 interest that I earned from my school credit union deposits appears at 9b on the return as non-resident students do not need to declare it as income.

Dear Gopi, If the interest rates decrease, your bank's base rate will come down but how fast this happens, no one can say it exactly as banks take their own time to adjust the rates based on various parameters (ex; deposits vs advances ratio etc).

People looking for high interest and a variety of features won't be quite as impressed with Simple, which only gives customers a nominal 0.01 % APY on their checking deposit.

Bonus interest is earned until March 31, 2018 and only on days when net new deposits exceed the closing balance as of October 16, 2017.

There are two reasons I prefer an online account for vacation savings — one, online banks don't charge as many fees as traditional banks and two, you'll score a better interest on your deposits.

Unsecured credit cards are «regular» credit cards that don't require you to deposit any cash with the bank as collateral against unpaid debt: you're allowed to make purchases up to your credit limit, and can pay for your purchases over time — although you'll typically pay high interest rates on any purchases you don't pay off in full each month.

Here's an example: At your age 55, you deposit $ 100,000 into a deferred annuity with a GLWB rider that guarantees a «roll up» interest rate (on the «benefit base», on which the withdrawal payments are calculated) of 7.2 %, compounded for ten years (which is the same as 10 % simple interest).

While you could keep your savings in a current account, if you choose to deposit your money in one of the many savings accounts available, these often come with customer benefits such as the opportunity to earn interest tax - free for example, the tax benefits will depend on the individual's circumstances.

the dollar amount of all interest earned on government and corporate debt obligations and short - term certificates of deposit, as well as interest earned from cash in a brokerage account; for bond ladders it represents the estimated annual income that will be received from the securities that make up the rung; the income is calculated by multiplying the coupon rate by the quantity of bonds (face value)

Earnings on your certificate of deposit are taxed as interest income by both federal and the state governments.

Municipal bond interest is treated the same as interest on a certificate of deposit.

If you use the borrowed money, deposit it in a TFSA and use it to buy stocks, as Traciatim pointed out, the interest on your loan is not tax deductible.

With products such as certificates of deposit, the longer you agree to keep your money on deposit, the better the rate of interest.

The interest rate, or «rate of return,» represents the rate of interest — expressed as a percentage — that a bank or credit union pays on the money you deposit.

Further, you grant us a lien on and security interest in the funds on deposit in each of your account (s) as security for all of your liabilities and obligations to us, now or in the future.

I am a retired senior citizen having an annual income of less than 3 lakhs from interest on deposits, EPF pension etc and hence not liable to pay income tax.Of late my wife who is not employed but a senior citizen got some amounts by way o f family settlements after her mother's death which she deposited in her name and the total annual of interest comes to about Rs 1.5 lakhs.According to her the income from her investments can not be clubbed Will her income be added to my income for the purpose of ascertaining my income tax liability.She has a separate pan no.earlier taken as she had rental income.

Cash bonus will be deposited into the EarnMore Checking Account on the first business day of the statement cycle following the statement on which the qualifying activity appeared and is reportable as interest on a 1099 - INT.

As great as this account is — who doesn't love earning interest without having to have thousands of dollars on deposiAs great as this account is — who doesn't love earning interest without having to have thousands of dollars on deposias this account is — who doesn't love earning interest without having to have thousands of dollars on deposit?

Except for fixed - rate certificates of deposit, which earn the same interest rate through maturity, the interest rate and annual percentage yield (APY) on deposits can change as often as daily, at our discretion, without prior notice to you.