The frequency line allows you to make a repeating transaction. The date line displays the date when the transaction occurred. The description line displays the description of the transaction.
MONEY VS ICOMPTA DOWNLOAD
Factory settings : displays a list of financial institutions which may contain yours in order to fill some settings automatically (icon, online banking address and OFX direct download information for supported financial institutions). When you select a checkbook in the completion menu, its next check number is automatically incremented. These informations are meant to be used in the transaction info field in order to precise the kind of an transaction such as the card used in case of a credit card transaction or the number of the check in case of a check transaction. You can create several credit cards and checkbooks per account. 
You can also choose the owner and the possible co-owner among the people of the document (this will be used to compute the money each person has). You can edit the name, the icon, the currency, the original balance and add some information about your bank account for online banking.
Balance evolution : shows the balance evolution screen. Statistics : shows the statistics screen. Currencies and categories : shows the currencies and categories screen. The following actions are available in the toolbar : You can also add, remove and reorder items by activating the editing mode. When you are in editing mode, you can touch an account, a person or a budget to edit it. When you are not in editing mode, you can touch an account or a person to show its transactions and you can touch a budget to display its reports. The money of a person is the sum of the balances of the accounts where he is the owner or co-owner (the balances of the accounts with a co-owner are divided by 2). People are in fact special accounts where you can add transactions that you don't want to add in one of the accounts of the document and are mainly used in shared transactions management. The people list displays the people of the document with their icon, their money and their overall situation with other people. The budgets list displays the budgets of the document with their icon and their remaining amount.īudgets are used to track your income and expense on a periodic basis. The first value under the name of an account indicates its real balance and the second one indicates the bank balance (only the reconciled transactions are considered). The average money market account rates quoted above are based on a $10,000 minimum deposit amount.The accounts list displays the accounts of the document with their icon and their balance. Money market accounts that fall into specific categories are excluded, including promotional offers, relationship-based accounts, private, youth, senior and student/minor. To establish average money market account rates, Curinos focused on accounts intended for personal use. Though not designed for everyday spending, these accounts provide some flexibility with limited transactions. You can enjoy the perks of a high-yield savings account while having access to a debit card and check-writing, all with FDIC insurance up to $250,000. Think of a money market account as a mixture between a savings and checking account, often offering competitive interest rates and typically requiring a higher minimum balance. By placing your funds in a high-yield savings account, you’ll earn interest and you’ll hopefully also be less inclined to spend the money. Keep in mind that savings accounts are better suited to achieve a particular goal, such as maintaining an emergency fund or amassing a down payment on a home. 
MMAs often require a higher minimum deposit or balance, but banks and financial institutions typically reward clients for maintaining larger balances with higher rates.Ĭurrently, the average rate on an MMA with a $10,000 minimum balance in Curinos’ dataset stands at 0.48% APY, while the average rate you’ll find on a savings account with a $10,000 balance is a mere 0.20% APY. Money market account rates typically offer higher yields than those provided by savings accounts.
If you were to invest $10,000 into an MMA with a 5.00% interest rate that compounds daily, you would earn more than $510 in interest over a year, assuming no withdrawals or additional contributions are made. The highest rate in the Curinos dataset sits at 5.00%, so you may be able to find higher rates in your own research. Money market accounts with a $10,000 minimum balance currently offer an average APY of 0.48%, per Curinos data, slightly higher than last week. Average APY date accurate as of June 16, 2023.
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