Archive for September, 2008
On savings accounts, how much interest do you have to earn in a year to have to pay Capital Gains taxes?
DavidFL asked: For example, say you have $5,000 in a 5% interest savings account. Which would be $250 in interest a year. At what amount do you have to pay capital gains tax?
What is the best type of savings account for long term savings?
James J asked: I’m looking to save up enough money for my own plane and I don’t want to wait till I’m fifty. What would be the best type of savings account for the best payout in the shortest amount of time?
Which bank is the safest and most popular when it comes to a savings account?
mynames.secret asked: I have Washington Mutual right now, and i get a .25% interest rate. I usually have $200 – $1000 in my savings account, but i am now wanting to get a savings account that has a higher interest rate. I know that some online savings account banks offer APR interest but I dont [...]
Is paypal good for a savings account? Are there any dangers in keeping a high balance with paypal?
Tony W asked: Paypal’s moneymarket interest rate is around 5% right now, which is competitive, if not just better than, local savings and cd rates. My temptation is to use paypal as a place to store some savings, like up to $8000 over the next year or so. I’m curious if others are [...]
What is the safest online savings account with the highest yield?
random5432152 asked: What is the safest online savings account with the highest yield, assuming that the FDIC runs out of funds to insure customers if the bank fails? Right now I have money in Etrade savings and ING, but I am worried if too many banks go under uncle sam won’t be able to insure [...]
Where can I buy savings bonds on the internet?
Tericka asked: I wanna buy some Savings Bonds on the Internet and have them mailed to me. I would buy them from my bank, but my bank is located quite far. How can I easily and conviently buy some savings bonds?
The taxes minused from your savings acount, is it tax dedcutable?
tea asked: I have a savings account and an cd account that is yiels like 4.65%. And I noticed that there is some deductions at the years end. I was just wondering when you file your yearly taxes, is possible to get this refunded. If so, how?
Can I use a savings account instead of checking for paypal?
starlight_940 asked: I’m being asked to verify my new paypal account with my checking information. I know I have to have an account in order to get payed from them, but can I use a savings instead of checking? I more or less just want the money to build up and accumulate so I have [...]
What is the best way to double my savings 4 times?
internetguy72 asked: Hello, I want to double my savings 4 times so that I can retire. What’s the best avenue to do that?
What determines how savings account interest rates vary?
psyPhD asked: I’m going to open a savings account, but all of them seem to say that the stated interest rate may change after you open the account. How then do I know which account will give me the best interest rate, if they all change at any time for any reason?
