Sentences with phrase «interest on their deposits while»

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

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

Not exact matches

And even the Federal Reserve's modest rate hikes have had an outsized impact on the bottom line of Bank of America, which pockets the extra interest it collects on loans while paying out much less on consumers» deposits (making money on the so - called spread).

While many high - yield interest checking accounts require you to make dozens of monthly debit card purchases in order to earn any interest, Radius Hybrid earns 0.85 % APY on deposits of at least $ 2,500.00 or more.

A money market account at your local bank can be a great way to protect your money while earning much higher interest rates based on how much you have to deposit.

While the Federal Reserve decided in December to increase short - term interest rates, that hasn't yet translated into significant increases in deposit rates paid out by banks on safe, federally insured deposits — the kind of accounts consumers might want to use for an emergency fund or for parking cash they expect to use in the next month or two.

While we expect one more interest rate hike this year given Fed Chairwoman Janet Yellen's most recent comments at Jackson Hole, financials may benefit from widening net interest margins (the spread between what banks make on loans and what they pay for deposits.)

While a money market fund or deposit account will protect the nominal value of your cash, you are missing out on a chance to grow it with interest from bonds or capital appreciation from stocks.

While bonds are taxed according to the capital gains rate of 15 % or 20 %, the interest you earn on certificates of deposit are taxed at a rate equal to your income bracket.

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.

While you stand to earn more interest on higher deposits, it may be a barrier to entry for someone with less funds to part with for a CD.

«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.»

EverBank's two strongest offerings target two different audiences: its 12 - month bonus rate of 1.11 % APY for new Yield Pledge customers is a significant short - term benefit, while the high rates on its certificates of deposit reward customers interested in more long - term investment.

While PNC doesn't offer the highest interest rates on its deposit accounts, it does charge low monthly fees, and it also lets you waive those fees not only with a minimum balance but also with minimum direct deposits.

While many high - yield interest checking accounts require you to make dozens of monthly debit card purchases in order to earn any interest, Radius Hybrid earns 0.85 % APY on deposits of at least $ 2,500.00 or more.

This loan allows you to borrow and receive a low - rate loan, while still earning interest on your deposit.

While a money market fund or deposit account will protect the nominal value of your cash, you are missing out on a chance to grow it with interest from bonds or capital appreciation from stocks.

While you're checking on the availability of direct deposit, it's a great idea to ask the lender if they offer any other interest rate breaks that could help you pay your way out of debt faster.

If that money were instead deposited monthly into a high interest emergency fund you would be in much better shape to continue payments through the hard times while still negating some of the interest you are paying on the mortgage.

Money market accounts and money market funds are safe places to deposit your money, and both allow you to make some interest on your money, while at the same time giving you easy access.

While you might be able to get around the fee by maintaining a minimum balance or scheduling direct deposits into your account, that's more work you have to do to earn interest on your savings.

Some may start accruing interest on the date you make your deposit while others may start generating interest at a later date (say the following month or several months down the road).

Certificates of deposit are an additional investment option for consumers who want to preserve principal and maintain FDIC protection while earning slightly more interest on their deposits.

SmartyPig is a free high - yield online piggy bank that helps you reach your short - term and long - term savings goals, like taking a vacation, saving for college, buying a car or anything else that you wish to fund, while earning a high interest rate on all of your deposits.

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.

Five Star Bank's CDARS ® (Certificate of Deposit Account Registry Service) and ICS ® (Insured Cash Sweep) products enable you to maintain FDIC Insurance on Deposits up to $ 50 million in a CD or a Money Market Account while earning competitive interest rates.

While bonds are taxed according to the capital gains rate of 15 % or 20 %, the interest you earn on certificates of deposit are taxed at a rate equal to your income bracket.

Service charges on deposit accounts, which include overdraft and NSF fees, have more than doubled while interest income has decreased during the past three decades.

An APY is a reliable reflection of the actual earnings you would make on a deposit in a year, because it takes compounding into account (while a flat interest rate does not).

Service members deployed to a combat zone or a qualified hazardous zone can take advantage of a Special Deposit Program that allows a 10 - percent interest rate on any money deposited while deployed.

For example, if an institution offers an account on which it pays a 7 % interest rate, compounded daily, for the first three months (which, for example, contain 91 days), while the variable interest rate that would have been in effect when the account was opened was 5 %, the total interest for a 365 - day year for a $ 1,000 deposit is $ 56.52 (based on 91 days at 7 % followed by 274 days at 5 %).

Its 360 Checking account boasts many of the perks online banks can provide, including no minimum opening deposit, no balance requirement and no monthly service fee, while still offering interest on a checking account.

As a non-for-profit financial organization, InvesTex Credit Union offers competitively priced products and services while paying competitive interest on deposits (Shares, Certificates, IRA's).

An interest - bearing account is a deposit account that earns money based on the original account deposit, allowing you to earn money while you save.

The annuity in which a policy holder pays a premium to the annuity providing insurance company that issues a contract promising to pay interest or gains made on the deposit while deferring the income and the taxes until you actually withdraw the money or begin receiving an income.

Additionally, if your dividends earn interest while left on deposit with your insurance company, the interest earned is taxable income.

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.

79 DOS 99 Matter of DOS v. Pagano - disclosure of agency relationships; failure to appear at hearing; proper business practices; unauthorized practice of law; unearned commissions; vicarious liability; fraudulent practice; jurisdiction; ex parte hearing may proceed upon proof of proper service; DOS has jurisdiction after expiration of respondents» licenses as acts of misconduct occurred and the proceedings were commenced while the respondents were licensed; licensee fails to timely provide seller client with agency disclosure form prior to entering into listing agreement and fails to timely provide agency disclosure form to buyer upon first substantive contact; broker fails to make it clear for which party he is acting; broker violates 19 NYCRR 175.24 by using exclusive right to sell listing agreement without mandatory definitions of «exclusive right to sell» and «exclusive agency»; broker breaches fiduciary duties to seller clients by misleading them as to buyer's ability to financially consummate the transaction; broker breaches his fiduciary duty to seller by referring seller to the attorney who represented the buyers when he knew or should have known such attorney could not properly protect seller's interests; improper for broker to use listing agreements providing for broker to retain one half of any deposit if forfeited by buyer as such forfeiture clause could, by its terms, allow broker to retain part of the deposit when broker did not earn a commission; broker must conduct business under name as it appears on license; broker engaged in the unauthorized practice of law in preparing contracts for purchase and sale of real estate which did not contain a clause making it subject to the approval of the parties» attorneys and were not a form recommended by a joint bar / real estate board committee; broker demonstrated untrustworthiness and incompetency in using sales contract which purported to change the terms of the listing agreement to include a higher commission; broker demonstrated untrustworthiness and incompetency in using contracts of sale which were unclear, ambiguous, vague and incomplete; broker failed to amend purchase agreement to reflect amendment to increase deposit amount; broker demonstrated untrustworthiness in back - dating purchase agreements; broker demonstrated untrustworthiness in participating in scheme to have seller hold undisclosed second mortgage and to mislead first mortgagee about the purchaser's financial ability to purchase; broker demonstrated untrustworthiness by claiming unearned commission and filing affidavit of entitlement for unearned commission; DOS fails to establish by substantial evidence that respondent acted as undisclosed dual agent; corporate broker bound by the knowledge acquired by and is responsible for acts committed by its licensees within the actual or apparent scope of their authority; corporate and individual brokers» licenses revoked, no action taken on application for renewal until proof of payment of sum of $ 2,000.00 plus interests for deposits unlawfully retained