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

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

   Most CDs compound interest daily or monthly. For short-term CDs of under 12 months, the APY is often very close to the stated interest rate because the effect of compounding is negligible over ...

3. How do CDs work? - AOL

   www.aol.com/finance/cds-212435091.html

   CDs usually have minimum deposit requirements that vary among banks. ... Keep in mind that while interest might be compounded on a daily, monthly, quarterly or yearly basis, it might be paid out ...

4. 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 CDs typically differ from savings accounts because the CD has a specific, fixed term before money can be withdrawn without penalty and generally higher interest rates. CDs require a minimum deposit and may offer higher ...

5. I'm a personal finance expert: Here's why you need to invest ...

   www.aol.com/finance/heres-why-you-need-to-invest...

   CDs earn compound interest, which means you receive returns on both the deposit and any accrued interest monthly, quarterly or annually, depending on your bank. After the CD term matures — or ...

6. Interest Compounded Daily vs. Monthly: Which Is ... - AOL

   www.aol.com/news/interest-compounded-daily-vs...

   Earning interest compounded daily versus monthly can give you more bang for your savings buck, so to speak. Though the difference between daily and monthly compounding may be negligible, choosing ...

7. How to invest with CDs - AOL

   www.aol.com/finance/invest-cds-081806092.html

   During that period, the money in the CD accrues interest, compounding at regular intervals. CDs are best used for money you won’t need before the term is up. Accessing the money prior to that ...