How much interest do you get a month if you have $600?
Interest rates on savings account can vary and can change at any time. They can also change depending on your balance or type of savings account. The interest rate on a Blue Bucks savings account today is 0.65% and is compounded daily. Compounding is a method of how interest is calculated on your account balance. It means that the interest you earn each day is added to your account balance (in this case, $600) each day, which allows you to earn interest on the interest you've earned. Although the interest is added to the account balance for the interest calculations, the interest does not get placed in your account until the end of the month.
If you were to keep $600 in your account for 30 days (and there were no changes in the interest rate during those 30 days), you would earn 33 cents at the .65% interest rate.
Posted on Wednesday July 27, 2005
Why does a box of 12 things cost less then a box of 3?
Great question! You'll run into this a lot when shopping. For instance, you can buy 15 pieces of gum for 99 cents, but only get one candy bar for the same price. You could buy one music CD for $15.00, but receive 10 blank CDs for the same price. It comes down to the VALUE of the item you are buying.
Value is an amount considered to be a fair equivalent for something else. In other words, the value is what that item is worth. You could get 10 blank CDs for the same price as one music CD because the value of that music CD is much higher than a blank one. Therefore, you receive more blank CDs in a package to make up for the value of one music CD.
Make it a point to study the cost of items the next time you are in the store and recognize their value. I think this will help you understand it more!
Posted on Friday May 27, 2005
What is Milo?
I am a Moose. Did you know that Moose means "twig eater"? To get you a little more familiar with what kind of animal I am, here are a few other interesting facts:
- My beard is called a dewlap.
- A female Moose is called a Cow and male Moose are called Bulls.
- I have a short tail like a deer.
- My small toes are called "dew claws".
- Moose can run up to 35 miles an hour.
- A Moose like myself, eats about 45 pounds of food EACH day!
- Moose antlers can weigh up to 85 pounds and each Moose has its own unique set of antlers.
- A newborn baby Moose weighs about 25 pounds.
- A Moose is a herbivore, meaning we eat only plants and vegetation in the fields, no meat.
Now you know what I am! You can find many more facts about Moose at a library or on the Internet.
Posted on Monday May 9, 2005
How do I save for college?
There are many different ways you can save for college. One of the easiest is to save money in a savings account, such as your Blue Bucks account. Sit with an adult to establish a savings schedule in which you determine how much of each allowance or job money you want to deposit into your account each week or month. As you get older, make adjustments to this budget schedule, depositing more as your allowances and paychecks increase. Once you turn 15, your Blue Bucks money you've saved will be transferred into your new Blue Chips account for savers between 15 and 18 years of age. 'As before, you continue depositing money into your account until you turn 18. 'After you turn 18, you may open many different Capitol Federal savings accounts. It's an easy way to watch your money grow little by little and give you some help in the future for college.
You also may ask your parents or grandparents to contact a Capitol Federal customer service representative regarding our Education IRA accounts, which also can help provide educational funds when the time comes for you to attend college. Great question and good luck
Posted on Thursday April 14, 2005
How much interest do you make in a month?
When you leave your savings in an account, Capitol Federal Savings pays you extra money for keeping it there! 'It is called interest. '
How much interest you earn depends on:
- The annual percentage yield [APY] earned on the account. ' APY is based on the rate of interest earned on the account, and how often the interest is added into your balance. 'Each type of account may earn a different rate of interest each month. The APY earned on a checking account might be different from the APY on a certificate of deposit. '
- How much money you have in that account. 'The more money you deposit into your Blue Bucks account, the more interest you will earn. '
- How long you keep the money in your account. 'The longer you keep your savings in the account, the more your interest will grow.
If you have $300 in your Blue Bucks account, at today's current rate of 0.65%:
$300 in one year will grow to $301.96
...in two years will grow to $303.93
...in ten years will grow to $322.24!
Now look at the difference it would make, using the same interest rate, if you added just $50 every year to your $300:
In one year your balance would be $301.96
In two years, your balance would be $354.26
In ten years, your balance would be $3,898.34 !!
These figures on interest earned make me very interest-ed in saving regularly!
Milo.
Posted on Tuesday April 12, 2005
How do you balance a checkbook?
Start by knowing how much money you have in your checking account. You can do this by asking your parents or a teller at the bank. Write this amount in the 'Balance' column in your checkbook, or if you have already been writing some checks, make sure this amount matches what you have written down in your book. The rest is simply adding and subtracting debits and credits from your account.
A debit is when you buy something or donate your money by writing out a check! Once you do this, you write down the number of your check under 'Number'. Write down the date you wrote the check under 'Date'. Under 'Transaction Description or Payee Name' record to what or to whom the check was written. When writing a check, you put the amount under the 'Payment or Withdrawal' column. You subtract debits from your 'Balance' amount.
An even better part of balancing is receiving a check for something. When you receive money, this is called a credit. You record this number under the 'Deposit or Interest' column and add it to your balance.
I hope this gets you well on you way to balancing your checkbook! Should you have any questions, an adult, myself or a Capitol Federal teller is always there to help you! Happy checking!
Posted on Thursday March 24, 2005
When is your birthday?
December10th! I'm a winter moose baby. Did you know that baby moose are called calves? We are born light brown in color and tend to turn darker as we get older.
Posted on Tuesday March 22, 2005
How much money do I have?
To find out how much money you have in your account, ask your parents to call us, check online at capfed.com if they have access to True Blue Online', or visit a Capitol Federal branch and speak to a bank teller who can look up your account information. The teller will be able to help you see how much you have saved and what the total in your account is.
Posted on Thursday February 10, 2005
How old are you?
I'll never tell, it's a secret. But did you know, the average age of a moose in the wild is less than 10 years? But if we are raised in zoos or in wildlife areas, we average 17+ years! Generally speaking, every mammal year is equal to 7 years in human age. As for me and Blue Bucks, we're determined to live forever. After all, the evironment is healthy. We all keep fun, positive attitudes and we're always keeping our mind healthy by learning new things! Age doesn't matter to us, but keeping healthy is a priority!
Posted on Monday January 24, 2005
How much money should a kid have?
That's a question that can have many different answers. Kids have different reasons for needing money, whether it be to buy something they want, giving it to a good cause or saving it for their future. To determine how much money you should have, sit down with your parent and think about the things for which you need money. Break it down into Sharing, Saving and Spending. Create a sample plan, or budget, to see just how much money it takes to do what you'd like to do. Each kid has different goals, so yours may be more or less than others. Hope this answers your question. Happy Saving!
Posted on Monday January 24, 2005
How much money do I have to have to start out with?
One of the great things about the Blue Bucks savings club is if you have $10, you have enough to start your very own Blue Bucks savings account! Just bring your $10 and a parent or guardian into your nearest Capitol Federal branch and tell the teller you'd like to open a Blue Bucks Savings account. You'll get a box full of goodies and even better, you'll start learning the importance of saving. Make it a goal to put so much in your account weekly or monthly, and before you know it, you'll have enough to buy something special! Good luck!
Posted on Friday August 6, 2004
What is the best way to invest my savings to receive the highest interest return over the next nine years?
That's a really good question and you're wise to begin thinking about how your savings can do the most for you!
The amount of return you earn on your investment can vary, depending on how much risk you decide to take. 'Everyone is different, so we recommend you consult with your parents and an investment advisor to help you determine the level of risk you are willing to accept in exchange for the return you would potentially earn.
If you are saving money for college, there are special educational savings programs run by each state that may offer varying rates of return, depending on your time horizon and savings goals.
If you and parents decide you are ready to start investing, have them call your local Capitol Federal branch and set up an appointment with a CMIC Investment Representative to learn more about your savings options. 'You may also see Capitol Federal's savings rates.
Thank you for writing and good luck in achieving your goals.
Posted on Monday May 17, 2004
What is a good recipe for bubbles?
Making bubbles is one of my favorite things to do outside when the weather gets nice! Below is my favorite recipe. Not only is it easy, it creates hours of bubble fun. See who can make the biggest bubble or who can make their bubble go highest!
- 1/2 cup dish soap
- 1 1/2 cups water
- 2 teaspoons sugar
Mix all three ingredients together. Don't stir or shake too much. (Bubbles work better if stored in sealed container for a day.)
Use your imagination when creating a wand from which to blow your bubble mixture. For a cool affect that creates lots of bubbles, use a fly swatter!
Posted on Monday April 12, 2004
If I make two thousand dollars this summer and deposit it in my Blue Bucks account, how much would I make in interest?
Wow! Congrats on your summer job, it sounds like a great one! Based on the interest rate today, if you deposited $2,000 in your savings account, in one year you would have $2,013.04. This is based on our current interest rate of .65%, compounded daily, however, the interest rate may change in the next year, resulting in either a higher or lower interest amount. Have fun at your job and have a great summer!
Posted on Tuesday March 23, 2004
What's it like being a moose?
Being a moose is great! 'Do you like the outdoors? If you do, then you'd love to be a moose, too! 'Have you ever traveled and seen one in the wilderness? I spend most of my time deep in the woods in places like Alaska and Colorado, but sometimes you can see me along the roads, greeting people as they drive by. 'I am the largest in the deer and elk family and can weigh up to 1,600 pounds! 'I'm an herbivore, which means I eat things like aquatic plants, twigs, bark and leaves. In fact, the name moose comes from a word meaning "twig eater". 'Every year, the male moose, like me, will shed and re-grow antlers which can grow up to five feet across!
I hope I taught you a little bit about myself. Be sure to read about my other Blue Bucks friends, Fancy the Frog, Earnie the Eagle and Chloe the Coyote. Each of them lives very different, neat lives, too!
Posted on Monday March 22, 2004
How are you?
I'm great! I just deposited my allowance in my Blue Bucks account in time for the first quarter. Now I'm putting away a little each week so I can have enough for my second quarter deposit, and be on my way to another savings prize!
Posted on Monday March 22, 2004
Who has the biggest Blue Bucks savings account?
Since no one's account information is shared, this is a hard question to answer, but now that summer is here, I know the Blue Bucks gang's accounts will start getting a little bigger! 'With school out, we each take on a summertime job. Fancy likes the water so she cleans pools during the summer. Chloe likes to be around her friends, so she cleans dog houses and kennels at her local vet's office. Earnie flies around the neighborhood delivering newspapers, and last but not least, I help graze, or mow, the grass in my neighborhood. If you're trying to get the biggest account, think of picking up one of these fun summer activities! Good luck.
Posted on Monday March 22, 2004
What should you spend your money on?
Whatever you spend your money on, make sure you spend it wisely. Experts suggest you always take a portion of what you make and put it into savings for your future, but also reward yourself for doing so by buying something you want when you can. Get that book you've wanted, purchase the CD of your favorite group, buy your favorite movie or do whatever it is you've wanted to do. Everyone spends their money differently, so talk to your parents about what you want and see how they suggest you spend it. Have fun with the money you make, but also remember to be wise with it!
Posted on Monday March 22, 2004
Can I get my Blue Bucks statement online?
Capitol Federal presently does not offer Blue Bucks statement online, but you can view your account through True Blue Online. In order to do this, though, your parent's name and social security number must be on your Blue Bucks account. They also need to have access to Capitol Federal's True Blue Online.
Should you need any help with your Blue Bucks account or True Blue Online, have your parents call our Customer Service Center at 1-888-8CAPFED.
Posted on Tuesday January 27, 2004
How much is 5 million pennies?
It takes 100 pennies to equal $1.00 (one dollar). So to find out how much five million pennies is, you would divide 5,000,000 by 100. Your answer is $50,000 dollars!
Try this with other amounts of money like using nickles and dimes and quarters. It's a great way to improve your math skills too. Show your teacher what you've learned and share it with your classmates!
Have fun and keep learning and saving!
Posted on Monday January 26, 2004
Milo, how old are you?
I'll never tell, it's a secret. But did you know, the average age of a moose in the wild is less than 10 years? But if we are raised in zoos or in wildlife areas, we average 17+ years! Generally speaking, every mammal year is equal to 7 years in human age. As for me and Blue Bucks, we're determined to live forever. After all, the evironment is healthy. We all keep fun, positive attitudes and we're always keeping our mind healthy by learning new things! Age doesn't matter to us, but keeping healthy is a priority!
Posted on Wednesday January 21, 2004
Who's on the One Dollar bill?
The picture on the front of the US One Dollar bill is George Washington. He was the first president of the United States, serving our country from 1789-1797. President Washington was nicknamed, "the Father of our Country".
Posted on Monday January 12, 2004
Is it that the more money I save the more interest I get?
If the money is in your Blue Bucks savings account, yes. There are many different places you can put your money when you are saving. Most of those places make you more money by earning interest.
You make interest on each dollar you have in your Blue Bucks savings account. So, the more money you have in your Blue Bucks account, the more interest you will make.
Great question Kathryn! Happy Holidays and happy savings!
Posted on Wednesday December 10, 2003
Since I started saving at the age of nine, when I get older, will this help me learn to not go spending my money like crazy?
Yes.
Learning the importance of saving at a young age helps you not 'go crazy' with your money when you are older. It is very easy at times when you see something you want to buy to spend unwisely, but the lessons you are learning now will help you in your decision making as an adult. You are creating many good habits as a Blue Bucks saver that will benefit you in years to come! Congrats on taking that very important and fun step.
Thanks Kathryn!
Posted on Wednesday December 10, 2003
How much money have you saved?
Hello, and thanks for asking about savings. I started saving when, like you, I was a little younger. There were many things I had seen and wanted to buy, but l knew I had to make a plan to put away some of my hard earned money for my future. So, with the help of Capitol Federal and my piggy bank, I started putting part of my allowance, or money I had earned working, away each time. Some of the money would go into my savings account for my future and some into my piggy bank for me to spend when I needed it. How much you put away is up to you. I would sometimes put half or even more than that away in my savings account each time. Just always make sure you keep a little so you can enjoy your money by buying one of the things you've wanted.
Since I started young, today, I still save with each dollar I earn. I have saved enough to have fun now sharing and spending my money on things I need, but I also have saved for the future so I can do things then too such as take a trip to visit my friends at Moose Park!
Thank you and Happy Holidays!
Posted on Thursday December 4, 2003
How can I join the Blue Bucks Kids' Club?
Well, that is easy! Go to the nearest Capitol Federal office. Once you're in the building, there are nice people called Customer Service Representatives (CSR's) who can help you open your very own Blue Bucks' savings account. You must be 14 years of age or younger to open a Blue Bucks' account. Once you have a Blue Bucks' savings account, you are automatically a member. With your membership, you receive a quarterly newsletter and opportunities to earn cool prizes while you save money! For more information, please go to our Blue Bucks' link at www.capfed.com.
Posted on Tuesday September 23, 2003
When was the first time the United States of America started using coins as money?
In 1793, the first coins were minted by the United States of America for general circulation. These coins were Half Cent and One Cent coins. Soon after, in 1794, 1795 and 1796, Half Dimes, Dimes, Quarters, Half Dollars, Dollars, $2.50 Gold, $5.00 Gold and $10.00 Gold coins were minted for general circulation.
Prior to the year of 1793, various means of trade were used to purchase goods and services. Often times, trade deals were made by trading agricultural goods, such as wheat, corn, cotton, salt, sugar and other goods. If coins were used in trade, they normally would be made of a valuable metal like silver, gold or copper. These coins were from foreign countries like England and Spain. The Spanish coins were often the eight (8) Reals denomination which were often referred to as "pieces of eight". Literally, these coins would be cut into eight pieces and used as money or coins to buy goods or services. Other coins or metal slugs made of valuable metal often were made and traded by local merchants, prior to America minting their own coins in 1793.
Posted on Wednesday August 13, 2003
How do I find how much money I have in my account?
When you make deposits to your account, the teller gives you a deposit slip. Your new account balance is listed on the slip. It is good to keep track of your balance by using a transaction booklet or Passbook.
You can call our Automated Infoamtion Line (1-888-5TRUBLU) and simply follow the instructions. If you have specific account questions, customer service is available at 1-888-8CAPFED.
Posted on Monday August 4, 2003
Can I join the Blue Bucks Kids Club online?
No. You automatically become a member of the Blue Bucks Kids' Club if you are 14 years of age or younger AND have a savings account with Capitol Federal Savings.
To open a new savings account with Capitol Federal Savings, go to the nearest Capitol Federal Savings office with an adult.
Posted on Tuesday July 8, 2003
Is it a good idea to save half the money I receive?
Saving a portion of the money you receive now is great! You will be glad you have saved your money when it is time to purchase big-ticket items, such as a car or when paying for a college education. And studies show that kids who save will save as adults as well.
Posted on Tuesday April 29, 2003
What is the Blue Chips Investment Club?
Blue Chips is an investment club offered by Capitol Federal Savings, very similar to the Blue Bucks savings club. The Blue Chips Investment club was designed for teenagers between the ages of 15 and 17 years old.
You automatically become a member of the Blue Chips Investment club when you are between the ages of 15 and 17 years old when you open an savings account with Capitol Federal Savings.
A Blue Bucks savings account automatically becomes a Blue Chips savings account when the account holder turns 15 years of age.
Posted on Wednesday April 9, 2003
What is the largest coin in the United States?
What an interesting question!
The research I found resulted in the following:
The largest coin in diameter minted in the United States was the Commemorative Panama Pacific Exposition, which is a $50 gold piece. This piece is 44 millimeters in diameter and was minted in 1915.
The largest coin in diameter currently minted in the United States for Bullion trade is the American Eagle Silver Dollar. This piece is 40.6 millimeters in diameter.
The largest coin in denomination minted in the United States is the Platinum $100 Bullion coin. This coin was first minted in 1997 and as of March 2003, this coin is still minted.
Posted on Wednesday April 9, 2003
How much money do I need to open a savings account?
You can open a Blue Bucks Savings account with as little as $10.
However, the balance in your account will not start earning interest until the balance is above $100.00.
Posted on Monday April 7, 2003
How do I avoid being broke?
To avoid being broke, try saving a portion of all the money you receive.
A good guideline to follow is to save 5% or 10%. Save a portion of your money every time you receive it and deposit it in your Blue Bucks savings account and watch your balance grow!
Then that money will be there when you need it.
For more information, you may want to review the Blue Bucks Winter 2001 Newsletter.
Posted on Monday April 7, 2003
How can I win prizes?
In the Blue Bucks Kids' Club you can earn a prize each quarter by saving money. See Program Rules for more details on meeting the quarterly savings goals and earning a quarterly prize. You also may win a prize by entering contests appearing in the Blue Bucks newsletters.
Posted on Monday April 7, 2003
If we open an account will we have a PIN number?
Blue Bucks accounts do not have PIN numbers.
Posted on Tuesday March 18, 2003
What is the best way to buy a car?
First, it is good to decide how much you would like to spend on the car. Once you have a price range, then you can start researching the type of car that will work best for you .
There are several web sites with helpful information on safety tests, negotiation tactics and feature comparisons on different car models. It's important to do your homework before meeting with car dealerships.
Purchasing a car is definitely a large purchase and should be on your list of long-term savings goals. With a strong savings plan, you may save enough to purchase your car with cash!
Have fun saving!
Posted on Monday March 3, 2003
How do I make a deposit?
To make a deposit, go to the nice people (tellers) behind the counter in the bank lobby. Give the teller your account number and the money you would like to deposit into your account. Once they have deposited the money in your account, they will give you a receipt with the new balance in your account. Make sure to record your new balance in your transaction booklet.
Posted on Sunday November 24, 2002
Who started Capitol Federal?
On September 14, 1893, fifteen men gathered to form a savings and loan association for the people of Topeka. The founders included bankers, insurance agents, attorneys, railroad employees, the president of a dry goods store, the Topeka City School Superintendent and a physician. In its earlier years, Capitol Federal was known as the Savings and Loan Association of Topeka, then the Capitol Building and Loan Association. Can you tell me when we changed our name to Capitol Federal Savings?
(For more CapFed History Click here)
Posted on Thursday October 10, 2002
Milo, how do you spend your money?
I like to go out with my friends, Fancy, Earnie and Chloe to an occasional movie or to dinner. In order for me to have money to do these fun things, I budget my money by saving in both short- and long-term investments.
For example, I have some money in CDs and Money Market Accounts to save for larger expenses, like college or a car. But, I also have some money in a regular savings account to save for less expensive things, like books or video games. I also have a checking account to pay for bills, go out with my friends and other miscellaneous items. If you would like to learn more about budgeting your money, please refer to the Summer 2000 Blue Bucks newsletter. Check out the Spring 2001 Blue Bucks newsletter for more information on checking accounts.
Posted on Thursday October 10, 2002
How much interest do you earn?
Now this is an interesting question. It all depends on the current economy and the type of account in which you want to invest. In general, longer term investments pay higher interest. Please know there are exceptions, though.
For example - a savings account may pay 2.5%, a 6-month CD (Certificate of Deposit) might pay 4% and a Money Market account might pay 6% on your money. CDs and Money Market accounts generally pay more than a normal savings account, because they require a higher minimum balance. There is a specific time agreement for Certificates of Deposit, so by promising to keep your money in the account for the agreed time, a higher interest rate is paid.
Posted on Thursday October 10, 2002
