How much money can I earn on a certificate of deposit?

Answer As of May 2010, rates on a certificate of deposit, commonly known as a CD, varied from .90 percent for a six-month CD to 2.87 percent for a five-year CD. Rates on CDs vary, but once a customer purc... Read More »

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Can additional money be added to an already existing certificate of deposit?

If you have a certificate of deposit, you may be able to add money to the account at certain times. There are also CDs that allow you to add funds whenever you want.NotificationA bank will send out... Read More »

How Can I Earn Money for College If I Only Have a Certificate of Completion?

The process for earning money for college can be the same whether you have a high school diploma or only a certificate of completion. A high school diploma shows you passed the minimum educational ... Read More »

How do I calculate yearly deposit amounts based on total certificate of deposit amount?

Figuring the DepositAdd 1 to the interest rate per month, then raise the number to the power of the number of times the CD compounds. This is the interest factor. Divide the total amount of the CD ... Read More »

What does certificate of deposit mean?

A certificate of deposit is a bank account that returns a fixed rate of interest for a fixed period of time. These accounts are covered by FDIC insurance, but impose a high early withdrawal penalty... Read More »