Business Hints for Men and Women by Alfred Rochefort Calhoun
page 66 of 204 (32%)
page 66 of 204 (32%)
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Some banks require as much as three, four or five dollars before allowing interest. Savings banks in the eastern states pay from three to four per cent. In the west it is sometimes as high as six. Each bank has certain dates at which calculation of interest begins. As a rule this is January 1st, April 1st, July 1st, and October 1st. Money deposited at any time between these dates does not draw interest till the beginning of the next quarter. But never mind the interest. The best time to make a deposit is when you have the money. The bank is safer than your pocket. HOW TO DEPOSIT Count your money carefully and make a memorandum of the amount before giving to the savings bank to deposit. Hand the money to the officer--usually "the receiving teller"-- authorized to receive it. The teller writes down the name, age, occupation and residence of the depositor. |
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