business questions - answers to business questions
*Business questions>>>Investing Questions

Certificate of deposit dividend rates -- paid how often?

Question:
Say I had a CD with a dividend rate of 5%, with $100,000 invested in it.

Assuming the money was paid to another account and not accrued to the certificate, does this mean I would be paid $5000 every month or every year?

Answer:
CD interest is usually paid monthly, but the 5% is a yearly rate. So, you would be paid $416.67 per month.
Related Questions
  • Certificate of deposit dividend rates -- paid how often?
  • if you won the lottery?
  • Cash Flow Streams Same Amounts but different NPV?
  • Which good books are available on "Technical Analysis" of shares?stocks?
  • who is more efficient, to borrow money (debt) or to sell bonds (stocks)?
  • What is the best CD rate.?
  • Anyone know an ETF that move with the price of Natural Gas?
  • Why do some companies give out dividends and some do not?
  • Is there a day of the week that stocks go up more often?
  • Historically speaking? Why is GOLD valuable? Is it a cure for something or does it just look cool?
    • Categories
    Taxes Small Business Renting & Real Estate Personal Finance Other - Business & Finance Investing Insurance Credit Corporations Careers & Employment Advertising & Marketing
       

    business questions and business answers
    Loan,Banking and CreditFor personal non-commercial use only. All rights reserved.