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They may be tied to the bank, but not the checking account.
create an asset account called CD, write an eft check and move the 99,500 to the asset account - that is the CD
when you redeem it, deposit 500 to the asset account and use interest income as the source account for the deposit. Then deposit the 100K to the checking account and use the CD asset account as the source for this deposit.
That ties the interest earned to the CD, then puts the total amount in the checking account
They may be tied to the bank, but not the checking account.
create an asset account called CD, write an eft check and move the 99,500 to the asset account - that is the CD
when you redeem it, deposit 500 to the asset account and use interest income as the source account for the deposit. Then deposit the 100K to the checking account and use the CD asset account as the source for this deposit.
That ties the interest earned to the CD, then puts the total amount in the checking account
Thanks, this looks like it should work.
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