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A closer look at how CDs work, the different types available and how to open this high-yield deposit account.
To decide which type of CD is best for you, consider its value. Here’s how to calculate how much money you’ll earn in interest when you invest in a CD account.
Lock in today's best rates in decades on certificates of deposits on a range of CD terms — from 6 months to 5 years.
Here’s a brief overlook of how CD rates have fluctuated over the years, according to the St Louis Fed’s 3-month historical CD rates chart. While rates were high in the 1980s, they have ...
Annual percentage yield ( APY) is a normalized representation of an interest rate, based on a compounding period of one year. APY figures allow a reasonable, single-point comparison of different offerings with varying compounding schedules.
Compound interest is contrasted with simple interest, where previously accumulated interest is not added to the principal amount of the current period. Compounded interest depends on the simple interest rate applied and the frequency at which the interest is compounded.
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