A security for which the interest earned is reported each year.
So, even your interest can be earning interest while leaving you the option of getting at your money instantly if you need to.
Net interest income equals the interest earned minus the interest paid out to customers.
So you do not have to include any interest earned this year when working out your taxable income if it hasn't been paid yet.
An interest in politics earned him a seat on the legislature and an appointment as attorney-general.
Since they earn no interest, the banks like to keep as little as possible of their assets in these two forms.
Another critical part of the equation is that you leave the interest earned alone so that it keeps earning interest.
At the end of the first year, simple interest and compound interest earn the same return.
His reclusiveness and interest in religion earned him the nickname "Monk Photius".
Sebastian's intense and often malicious interest in the personal affairs of others had apparently not earned him many friends.