How much can be made on certificates of deposit?

Answer Certificates of deposit have interest rates varying from slightly more than 1 percent on short-term CDs to more than 3 percent on longer-term CDs (as of November 2009).Source:CD rate index

Top Q&A For: How much can be made on certificates of deposit

What year did certificates of deposit come into use?

A certificate of deposit, or CD, is a "time deposit" that allows you to earn interest on a cash deposit that you will not withdraw for a preset length of time. CDs were first introduced in 1961. Ho... Read More »

Does the value of certificates of deposit fluctuate?

Certificate of deposits, or CDs, values can fluctuate with inflation. For instance, if the yield of a certificate of deposit is 2 percent and inflation is 2 percent, then the CD will increase in va... Read More »

How do I calculate certificates of deposit?

The FormulaDivide the interest rate by 365 to find interest rate per day. Add 1 to the interest rate per day. Raise this number to the 365th power. Multiply by the CD deposit.An ExampleFor example,... Read More »

How to Buy Spanish Certificates of Deposit?

A certificate of deposit is a temporary, low-risk investment. The amount invested accrues a fixed interest rate as income during a fixed period of time. In Spain, as in many other countries, most b... Read More »