![]() Keep the link to this calculator handy when shopping around for the best CD rates, so you can figure out which CD will offer the best return on your investment. Select “Show Schedule” at the bottom of the calculator to see how your CD would earn interest month by month or year by year, depending on whether you selected a term expressed in months or years. Use the calculator and you’ll learn that once the CD’s 12-month term is up, you’d have $125 in interest and a total of $5,125 in your account. ![]() You spot a one-year CD with an interest rate of 2.50%-far above the national average reported by the FDIC. Put into practice, let’s say you plan to buy a 12-month CD and deposit $5,000.
0 Comments
Leave a Reply. |
AuthorWrite something about yourself. No need to be fancy, just an overview. ArchivesCategories |