Cd payment frequency question

COZICAN

Recycles dryer sheets
Joined
Aug 18, 2018
Messages
255
Location
YUKON,OK
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.

Coz
 
Last edited:
You will earn slightly less if you get paid monthly due to compounding over the whole term.
 
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