Banking

Cd's and Interest Rates

What are Cds

Cds are one of the most effective,low-risk forms of investment.They can also be easiy turned into cash.A cd from East West bank is a special type of deposit account that offers a higher rate of interest than a regular savings account.The interest rate in the Citizen's National bank's account is 0.500% with an annual percentage yield of 0.50%.

What Are Interest Rates

An interest rate is often expressed as an annual percentage of the principal.It is calculated by dividing the amount of interest to the amount of principle.

What Are Cds Good For

By: Chloe Cook