CD is a Certificate of Deposit also known as a CD. The rate is determained by how much it was purchased for and how long it is in your possesion. Rates can change from year to year depending on the econmy.
The current coupon rate for a certificate of deposit (CD) varies depending on the bank and the terms of the CD. It is the interest rate that the bank pays to the CD holder.
Best CD Rate, $10,000 for 1 year?
You can find a CD rate for 13% percent for 12 months.
You don't have to purchase a CD rate calculator at all. www.bankrate.com/ has a comprehensive CD rate calculator, free and available for use online 24 hours a day.
Banco Popular has a 15-month CD with a CD rate of 2.50% APY available.
For a one year CD, the best rate is 1.31%. If you can invest a little more long term, you can get a 2.75% interest rate with a five year CD. A 3 year currently carries a 3% interest rate.
CD = Compact Disk
As of this week, the average one year CD rate is below one percent, at about 76%. The average five year CD rate is over it. at about 2.10%.
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The highest rate on a 6-month, $50000 CD in Hanover is 2.14 percent
To calculate CD interest rate, all you have to do is to just multiply the principal amount you have invested in CD with interest rate. If u want to calculate for the monthly interest then divide the resultant with 12.
The rate of a bank cd varies based on several factors such as the length of the cd and the amount invested. The rate can be anywhere between .01% to 2%.