Yahoo Answers is shutting down on May 4th, 2021 (Eastern Time) and beginning April 20th, 2021 (Eastern Time) the Yahoo Answers website will be in read-only mode. There will be no changes to other Yahoo properties or services, or your Yahoo account. You can find more information about the Yahoo Answers shutdown and how to download your data on this help page.
Trending News
how can I ensure that the interest on an escrow account for damages is paid back to me quarterly?
It is to cover damages on an end-dump rig, in the South Texas oilfields,and the company has had problems in the past with drivers leaving and NOT paying damages for which they are responsible. I don't have a problem with that, but I do want to make sure that I receive the interest which is accrued on my portion of the funds, as I would with it in my own account (yes, I do maintain two savings accounts, just for this reason). Any comments and thoughts are welcomed!
1 Answer
- cactusgeneLv 79 years agoFavorite Answer
Ask the escrow to do so. It is your money. But don't expect to big interest checks each quarter, as the average bank savings account (regular, instant access) pay less than 1% per year in interest. If you have some power to designate the bank paying the most, here are some suggestions:
http://www.money.co.uk/savings-accounts.htm
