Re: 6% APY CD
Just looked at Bank of America site. They have a 4 and a 5 year CD where the APR and APY are the same. To me that is annual compounding. Go to another institution and the APR is the SAME as BOA but the APY is higher. Which indicates the institution compounds at a rate better than BOA but, here again, it may be MONTHLY, SEMI-ANNUAL, or QUARTERLY compounding. Just a minor thought, unless you use CD's over the long (10 plus years) term. At this timing small numbers will add up. Just a minor thought and since the numbers on a single particular CD are small and some would say "not worth being considerate of".
Vietnam Veteran, CW4 USA, Retired 1979