If You Deposit $5,000 Into a CD Now, Here's How Much Interest You'll Earn
It can also provide guaranteed returns since your rate is locked in when you bring up the account. Earnings are based on APYs and assume interest is compounded annually. What difference does that make for your interest earnings? How much can you earn by depositing other amounts? Here are some examples of interest earnings for other deposit amounts. Earnings assume interest is compounded annually. All banks compound interest differently. Your CD may compound interest daily, weekly or monthly....