Sentences with phrase «interest on the money»

The phrase "interest on the money" refers to the amount of interest that is earned or charged on a sum of money over time. Full definition
Similarly, I have always directly deposited my paycheck into a savings account so that I could earn interest on my money before paying bills.
Most banks pay interest on money in savings accounts.
Earn interest on money in account and can invest it in a CD.
Interest paid on the initial principal and the accumulated interest on money borrowed or invested.
Some religions don't allow the paying or charging of interest on money.
Another major difference is that you're only charged interest on the money you use.
I can earn interest on the money for 12 months rather than having the government hold on to it.
There are plenty of other options besides these four for earning more interest on your money.
This means you can earn interest on your money market account balance and easily access those funds with a debit card and / or checks.
You've been collecting interest on their money for quite some time, close to two years in some cases.
That means that as long as I'm sitting here analyzing my options, I'm paying interest on my money sitting in the bank.
My 3rd million would go into a money market fund or a short term bond fund so I can gain a little interest on my money.
During the term, you earn interest on your money at a guaranteed rate with the flexibility to withdraw funds and change investment options at any time.
Another option for making interest on your money is the savings bank.
If you want to have a good interest on your money, investing is a good option but make sure that you know what you invest.
I wouldn't mind earning interest on that money during the year, either.
You only pay interest on the money used in your personal credit line, but your bank might charge a fee for this use.
Typically, a final expense company will give you a bonus 10 % interest on your money when it comes to waiting periods.
Depending on the insurance company, some of them will pay interest on the money while they are holding the remaining balance.
Then you'll owe interest on that money for the entire 6 months.
You can also lose money on your money market account by withdrawing more often than the stated monthly allowance, and also by losing interest on the money withdrawn.
If you're going to be saving money, you might as well earn a little extra interest on the money.
He noted that many internet banks offer around 1 percent interest on a money market or savings account.
That way I can keep gaining interest on my money and using it to benefit me rather then the credit card companies get interest off of my money.
You're guaranteed to keep what you invest, while earning competitive interest on your money.
In normal times, commercial banks earn interest on money parked at the central bank, and pay money to borrow.
You can expect to make about 8 percent interest on your money immediately.
Each month, you will receive a payment that includes interest on the money you invested as well as part of your initial principal.
Once money is paid on debt (principal), it no longer costs interest on that money.
The added time for the compounding to work enables your original investment to grow significantly more than would have been the case if you had received simple interest on the money.
While some lenders are legally obligated to pay homeowners interest on the money in their escrow accounts, that's not always the case.
Costs of a reverse mortgage Because a reverse mortgage is a loan you will be charged closing costs, interest on the money borrowed, and a servicing fee.
A fixed annuity guarantees a minimum rate of interest on your money and you receive a fixed number of payments from the insurance company.
If your friends and relatives trust you chances are they are willing to earn a little more interest on their money.
On top of that, you only get charged interest on the money you use and in some cases, a line of credit can be better than a loan!
I pay my bills the day they are due because I earn interest on the money sitting in my checking account until then.
The downside is, you lose any chance to earn interest on that money during the year.
Your first loan will come with a fixed rate and you only pay interest on money used for construction, not the entire loan amount.
If you wait too long to return your loan, you will owe interest on money you didn't use.
Our understanding is that we are receiving interest on our money and, therefore, we are wondering about declaring that on our income tax.
I get the feeling I should sit on cash for the next big downturn but I don't like paying interest on money that's not working.
Your life insurance company will then pay interest on the money in that savings account.
If invested, another bank will pay 2 % interest on the money for privilege of holding it.
While I love to earn interest on money sitting in my checking account, they don't provide the best rate for checking accounts.
It also has a 26.24 % variable APR for cash advances, and when you use this card to get a cash advance, you start paying interest on that money right away.
The fall in interest rates is also hitting councils - with income from interest on money deposited by local authorities expected to fall by 44 per cent or # 600m in the next financial year.

Phrases with «interest on the money»

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