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2. How do certificates of deposit work? Understanding CDs ... - AOL

   www.aol.com/finance/how-do-cds-work-220139365.html

   Benefits of a CD. Your money is safe. Your initial deposit and interest earned are insured for up to $250,000 per depositor, per institution, by the FDIC or NCUA, making them a safe investment ...

3. Best CD rates today: Last chance on peak rates across ... - AOL

   www.aol.com/finance/best-cd-rates-today-last...

   CD rates strongly track with the key interest rate set by the Federal Reserve, the U.S.'s central bank. This Fed rate is the benchmark that affects rates on deposit accounts, loans, mortgages ...

4. Compound interest - Wikipedia

   en.wikipedia.org/wiki/Compound_interest

   The amount of interest paid every six months is the disclosed interest rate divided by two and multiplied by the principal. The yearly compounded rate is higher than the disclosed rate. Canadian mortgage loans are generally compounded semi-annually with monthly or more frequent payments. [1] U.S. mortgages use an amortizing loan, not compound ...

5. Best CD rates today: Deals are dwindling, but you can still ...

   www.aol.com/finance/best-cd-rates-today-deals...

   CD rates strongly track with the key interest rate set by the Federal Reserve, the U.S.'s central bank. This Fed rate is the benchmark that affects rates on deposit accounts, loans, mortgages ...

6. Certificate of deposit - Wikipedia

   en.wikipedia.org/wiki/Certificate_of_deposit

   A certificate of deposit (CD) is a time deposit sold by banks, thrift institutions, and credit unions in the United States. CDs typically differ from savings accounts because the CD has a specific, fixed term before money can be withdrawn without penalty and generally higher interest rates. The bank expects the CDs to be held until maturity, at ...

7. Annual percentage yield - Wikipedia

   en.wikipedia.org/wiki/Annual_percentage_yield

   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. However, it does not account for the possibility of account fees affecting the net gain.