My checking out says that one of it's features include: Dividends earned from day of deposit to day of withdrawal
I noticed today that I received a $0.09 deposit from the bank labeled a "dividend".
Why did I receive 9 cents? (not complaining, just wanting to learn more)
2007-09-03 06:10:19 · 5 answers · asked by Anonymous in Business & Finance ➔ Personal Finance
Not "checking out"
I mean to say Checking Account
2007-09-03 06:11:03 · update #1
If you get dividends for a deposit account, you are not dealing with a bank. Your account is with a credit union. The 'dividend' is basically the same as what a bank would call interest. Technically, your account balance represents partial ownership in the credit union and the dividend is you share of the credit unions earnings.
2007-09-03 08:12:02 · answer #1 · answered by STEVEN F 7 · 1⤊ 0⤋
Dividends are another form of interest. Not all banks offer 'interest' on checking accounts. That $0.09 may change depending on the interest rate. The Federal Reserve decides all of this over the year and so you may see the lower or if all is good, go higher.
2007-09-03 06:29:08 · answer #2 · answered by April W 1 · 1⤊ 0⤋
Never gave this much thought
2016-07-30 02:35:33 · answer #3 · answered by ? 3 · 0⤊ 0⤋
yes sir
2016-03-13 01:33:38 · answer #4 · answered by Regenna 4 · 0⤊ 0⤋
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2007-09-03 06:44:51 · answer #5 · answered by waseem khan 1 · 0⤊ 0⤋
thx for the answers EVERYONE xx
2016-08-24 14:28:45 · answer #6 · answered by ? 4 · 0⤊ 0⤋