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  2. Recurring deposit - Wikipedia

    en.wikipedia.org/wiki/Recurring_deposit

    This deposit matures on a specific date in the future along with all the deposits made every month. Recurring deposit schemes allow customers an opportunity to build up their savings through regular monthly deposits of a fixed sum over a fixed period of time. The minimum period of a recurring deposit is six months and the maximum is ten years. [3]

  3. Compound interest - Wikipedia

    en.wikipedia.org/wiki/Compound_interest

    Given a principal deposit and a recurring deposit, the total return of an investment can be calculated via the compound interest gained per unit of time. If required, the interest on additional non-recurring and recurring deposits can also be defined within the same formula (see below). [12] = principal deposit

  4. Periodic deposit - Wikipedia

    en.wikipedia.org/wiki/Periodic_deposit

    A periodic deposit is an investment made in the form of equal deposits over a regular time period. Each deposit recurs after a time interval. Such an investment is made to achieve a pre-planned financial objective and/or when the available capital to invest is limited. In simpler words, periodic deposit is a deposit recurring on a periodic basis.

  5. How much should you have in savings at each age? - AOL

    www.aol.com/finance/much-savings-age-153426937.html

    Have your employer put part of your direct deposit into a savings account. Set up a recurring transfer from your checking account to your savings account. This same principle applies to ...

  6. How much money do you need to buy a house? 6 costs to calculate

    www.aol.com/finance/much-money-buy-house-6...

    Bankrate’s mortgage calculator can help you figure out how much you’ll owe each month. For example, if you borrow $240,000 and finance it with a 30-year, fixed-rate mortgage at 7 percent, you ...

  7. How do certificates of deposit work? Understanding CDs ... - AOL

    www.aol.com/finance/how-do-cds-work-220139365.html

    Benefits of a CD. Your money is safe. Your initial deposit and interest earned are insured for up to $250,000 per depositor, per institution, by the FDIC or NCUA, making them a safe investment ...

  8. Rule of 72 - Wikipedia

    en.wikipedia.org/wiki/Rule_of_72

    In finance, the rule of 72, the rule of 70 [1] and the rule of 69.3 are methods for estimating an investment's doubling time. The rule number (e.g., 72) is divided by the interest percentage per period (usually years) to obtain the approximate number of periods required for doubling.

  9. No-penalty CD vs. savings account: How to match your ... - AOL

    www.aol.com/finance/no-penalty-cd-vs-savings...

    Minimum opening deposits. Many no-penalty CDs require minimum deposits of $500 to $1,000. These minimums are much higher than most high-yield savings accounts. No ongoing contributions.