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Real interest rates can indeed be negative. When real interest rates are negative, it means that the inflation rate is larger than the nominal interest rate. Measuring the real interest rate lets investors determine if they are actually making money and growing purchasing power on an investment. If the real interest rate is not larger than inflatio

To open a bank account: identification: you'll need to provide a valid, government-issued photo id, such as a driver's license or a passport. If you don't have either, you can get an id card at the department of motor vehicles.

Money earns compound interest when the interest earned is added to the original deposit each time it is calculated. So in the case of a savings account, the interest is compounded, either daily (best) or monthly or quarterly, and you earn interest on the interest.

You are not required to have a social security number to open a checking or savings account. Many banks and credit unions will accept a taxpayer identification number (tin) instead. You will need to fill out a form with the internal revenue service (irs) to get a tin.

To open a bank account: identification: you'll need to provide a valid, government-issued photo id, such as a driver's license or a passport. If you don't have either, you can get an id card at the department of motor vehicles.

If you do not use a Chase checking or savings account, you may choose to close it. You cannot delete a Chase account online. There are two main ways you can close a Chase bank account. You can either go to your nearest Chase branch or you can call customer service if there is no branch around you.