What is the rate of return on a certificate of deposit?
The interest rate on certificates of deposit will vary by financial institution. The more you are willing to invest, the better rate of return you can expect to receive. In general, the interest rate on a certificate of deposit is typically better than the interest you would earn on a regular savings account or a money market account (since these types of accounts do not have minimum investment terms). — Investing Tip by FindLocalBanks.com When shopping for a CD / Money Market account, make sure you compare the Annual Percentage Yields of each account. The Annual Percentage Yield (APY) is calculated by using the dividend rate of the account and takes into consideration how often interest is compounded on the account. While two insitutions may offer the same dividend rate on an account, the account that compounds interest more frequently (i.e. monthly as opposed to quarterly) will earn the customer a higher APY, and thus earn more money. If I get a certificate of deposit, how long do y
