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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

   For CDs with terms ranging from 90 days to 12 months, an amount equal to 90 days’ worth of interest on the amount withdrawn. For CDs with terms from 12 months to 60 months, an amount equal to ...

4. How To Calculate CD Interest - AOL

   www.aol.com/calculate-cd-interest-175101582.html

   CDs are financial products that pay a guaranteed rate of interest. CDs are issued by banks, ... you could buy three $5,000 CDs with different maturity dates ranging from monthly to yearly.

5. Certificate of deposit - Wikipedia

   en.wikipedia.org/wiki/Certificate_of_deposit

   The CD may be callable. The terms may state that the bank or credit union can close the CD before the term ends. Payment of interest. Interest may be paid out as it is accrued or it may accumulate in the CD. Interest calculation. The CD may start earning interest from the date of deposit or from the start of the next month or quarter.

6. How much should you keep in a CD? Balancing safety and ... - AOL

   www.aol.com/finance/how-much-in-certificate-of...

   Banks charge higher interest rates on money they lend out than the interest they pay on customer deposit accounts. The difference is called a spread, and it’s what banks rely on to make money.

7. What Is a CD (Certificate of Deposit)? - AOL

   www.aol.com/cd-certificate-deposit-020004620.html

   Callable CD: In return for a higher interest rate, allows the bank to redeem the CD before maturity, pay the principal and interest to you and close the account High-yield CD: Offers some of the ...