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Cd payment frequency question
Old 10-09-2018, 11:49 AM   #1
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Cd payment frequency question

What difference does it make if a non-callable CD pays monthly or at maturity? I've never purchased a CD but I have some idle cash and rates are enticing.

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Old 10-09-2018, 12:41 PM   #2
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You will earn slightly less if you get paid monthly due to compounding over the whole term.
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