What is the difference between a CD "interest rate" and "annual percentage yield"? - high interest rate cd
I opened a CD that I find the simple interest. What do I do with the interest rate or yield?
My performance is greater than my pace.
Sunday, January 17, 2010
High Interest Rate Cd What Is The Difference Between A CD "interest Rate" And "annual Percentage Yield"?
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3 comments:
Answer Judy is on the right side.
Because certain compounds of investments in different periods (eg, weekly, monthly, quarterly), the APY, you can use the income from investments that the same stated interest were compared. The compounds usually an investment, the higher the yield (TRA).
Check out this posing for info on how to get higher yields on your CD's http://reading-the-fine-print.blogspot.com/2010/01/how-to-get-12-month-262-apy-cd-with.html
The APY includes the composition. The guy does not. The increasing interest, as is the CD more than once a year, so it does not receive interest on interest - which makes the higher APY.
If you are interested, we will send you monthly, the rate of usage. When you leave, use of the RPA.
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