Application for Certificate of Deposit - New York City (Russian)

This is a legal document that was released by the New York City Department of Finance - a government authority operating within New York City.

The document is provided in Russian.

FAQ

Q: What is an Application for Certificate of Deposit?
A: An Application for Certificate of Deposit is a form used to open a savings account with a fixed term and interest rate.

Q: Who can apply for a Certificate of Deposit in New York City?
A: Any individual or organization can apply for a Certificate of Deposit in New York City.

Q: How do I apply for a Certificate of Deposit in New York City?
A: To apply for a Certificate of Deposit, you will need to complete the Application for Certificate of Deposit form and submit it to a bank or financial institution.

Q: What information do I need to provide in the Application for Certificate of Deposit?
A: You will need to provide your personal information, such as your name, address, social security number, and contact information.

Q: Can I open a joint Certificate of Deposit account?
A: Yes, you can open a joint Certificate of Deposit account with another individual.

Q: What is the minimum deposit required for a Certificate of Deposit?
A: The minimum deposit required for a Certificate of Deposit may vary depending on the bank or financial institution. It is best to check with the specific institution for their requirements.

Q: What is the term of a Certificate of Deposit?
A: The term of a Certificate of Deposit is the length of time for which you agree to keep your money in the account. It can range from a few months to several years.

Q: Can I withdraw money from a Certificate of Deposit before the term ends?
A: Yes, you can withdraw money from a Certificate of Deposit before the term ends, but there may be penalties or fees involved.

Q: What happens at the end of the term of a Certificate of Deposit?
A: At the end of the term of a Certificate of Deposit, you can choose to renew the account, withdraw the money, or transfer it to another account.

Q: Is the interest on a Certificate of Deposit taxable?
A: Yes, the interest earned on a Certificate of Deposit is subject to federal and state taxes.

Q: Are Certificate of Deposits insured?
A: Yes, Certificate of Deposits are insured by the Federal Deposit Insurance Corporation (FDIC) for up to $250,000 per depositor, per insured bank.