Talk of The Villages Florida
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Talk of The Villages Florida (https://www.talkofthevillages.com/forums/)
-   Investment Talk (https://www.talkofthevillages.com/forums/investment-talk-158/)
-   -   Online Banking (https://www.talkofthevillages.com/forums/investment-talk-158/online-banking-338247/)

retiredguy123 03-30-2023 01:42 PM
Quote:
Originally Posted by Caymus (Post 2202895)
CD's are available that pay interest monthly or semiannual.
With a CD, it doesn't matter how often the interest is paid. The IRS taxes you on the amount of interest that is "earned" during the tax year, regardless of whether or not you actually received the interest.

Caymus 03-30-2023 02:03 PM
Quote:
Originally Posted by retiredguy123 (Post 2202903)
With a CD, it doesn't matter how often the interest is paid. The IRS taxes you on the amount of interest that is "earned" during the tax year, regardless of whether or not you actually received the interest.
The poster was concerned about not having the money to pay the interest tax. A monthly or semiannual payment would help with that issue.

coralway 03-30-2023 05:30 PM
Quote:
Originally Posted by Michael G. (Post 2176518)
Anyone here sign up for online banking, Savings, CD's, or money market?
Are they safe?

Interest rates are great


Fidelity Investments gets my vote. Been with them since 1985. They offer everything - including crypto, if your into that. They also offer interesting and educational webinars.

44Apple 03-31-2023 08:06 AM
Money Mkt Fund, not Money Mkt Account.


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