Which should I chose, a certificate of deposit on which interest compounds daily, quarterly, or annually?
141241
It depends. You would have to work out the interest rates to see which one will yield you the most money. My guess is that the daily compounded cd will yield the most. Go to http://www.finaid.org/calculators/scripts/compoundinterest.cgi to see what will yield the most over the time period you need.
819834
if interest is compounded daily, don't forget to...\n\n1.  divide 5.16% by 365 to get the daily rate\n2.  use 30 days as your period "n"\n3.  don't use the avg daily balance.  you must use the initial principal balance at the beginning of the 30 day period.\n\ni haven't worked it out, but if your formula is correct, the future value will work.\n\nif you have a business calculator (preferrably from HP)\n\nPV = initial principal balance\ni = 5.16% divided by 365 days\nn = 30 days\n\nsolve for FV
434643
This depends onthe bank and savings acct you open.  Most compound interest daily but either pay it monthly or quarterly.  It sounds like a money market acct may be a good option for you, the interest rates are generally higher than traditional savings accts and do require a larger initial deposit.  READ THE TERMS AND FINE PRINT FIRST!!\n\nWhat you mean about returns on investments,I am not sure... banks do not handle and pay on brokerage accounts if that is what you are referring to..
377198
Formula:\n\n\n\nP is the principal (the initial amount you borrow or deposit) \n\nr is the annual rate of interest (percentage)\n\nn is the number of years the amount is deposited or borrowed for.\n\nA is the amount of money accumulated after n years, including interest. \n\nWhen the interest is compounded once a year: \n\nA = P(1 + r)n \n\n\nHowever, if you borrow for 5 years the formula will look like: \n\nA = P(1 + r)5\n\nThis formula applies to both money invested and money borrowed.\n\nFrequent Compounding of Interest:\n\nWhat if interest is paid more frequently? \nHere are a few examples of the formula: \n\nAnnually = P × (1 + r) = (annual compounding) \n\nQuarterly = P (1 + r/4)4 = (quarterly compounding)\n\nMonthly = P (1 + r/12)12 = (monthly compounding)\n\n\nApprox. $716.43 I believe
1007576
amount of interest and principal \nthat is paid in a given year.
42689
The 401k is great if the employer provides some kind of match.  If you are looking to buy some government bonds, I would go with the I bond which currently has an interest rate of 6.73%\nCheck out http://www.treasurydirect.gov for more info.
749562
Use a mortgage calculator because it's very hard to figure out compound interest manually - it's compounded every month, but also reduced by the amount you pay (assuming you make monthly payments) so you can't just multiply the principal ($4,327.77) by 10%\n\nIf you're not making monthly payments, then use an investment calculator.
345644
One of the best sources for interest on  savings, credit cards, etc is http://www.bankrate.com\nIt depends what state you are in and what the balance on the account is.\n\nHSBC direct in New York shows 4.7% minimum balanace $1.00\nhttp://hsbcdirect.com
877247
it depends on your age - if you are young and still working stock and bonds are very god but if you are older you ay want to keep a guaranteed return on investment such as CD's\nreal estate is up and down I dont recommend it
980287
stair step some certificate of deposits!
207046
I'd go for a trust as long as you won't list it. Now if you want to list it, go for an ETF
956713
Interest.\n\nSome banks also have hidden fees.
700205
It depends on the interest rates, what instruments of investment your using and the apr rates.
53371
Go to www.bankrate.com for interest rates, APY, etc. for all types of investment vehicles - Money Market Accounts, Certificates of Deposits, etc.  Rates usually change weekly and often depend on the amount of $ you are putting into the account.  This web site is free.  Good luck.
743226
Monthly, Quarterly, half yearly and yearly.\n\nMonthly generally we enable ECS where account gets debited online. You can pay by DD also or by cheques but collection charge will be there
864588
It could be either, but in general they use the average daily balance.  Otherwise, you could deposit $100,000 at the end of the month, get full interest on that, and then take it out again 2 days later.  Banks don't like that kinda thing.
505722
Hello, \n\nThe difference between a money market account and a certificate of Deposit is that a CD is held with a bank, and a money market is held typically with an insurance company or a brokerage house, but can also be offered through a bank.\n\nCDs typically have a "negotiation" factor built in so that depending on the capital you have to start with and the time you want to leave it with the bank, that will determine the interest rate youare paid. As a result, you will also typically lose 3 months of interest if you cash out before your CD has matured. So for example, if you have $10,000 to invest, a bank may pay you 3% if you leave it with them for 18 months. If you wanted to leave it there for 5 years, they may pay you 5% annually. If you cash out early they may charge you penalties which normally amounts to a chargeback of some of the interest.\n\nA money market account is regarded as a place to store your money until you decide what you want to invest in. Think of it as a "holding tank". Many brokerages will allow you to write checks against it, and there are no early withdrawal penalties or interest chargebacks for taking any money out. Consequently, the rates are not typically negotiable. They will usually pay higher than a savings account will, and are sometimes offered as an alternative.\n\nNeither are considered ideal long term savings vehicles, because after paying tax on interest gain and the low interest rates paid, it is difficult to outpace inflation long term. They are idea for short term investing needs. \n\nWhich is better? It depends on your need to liquidate the account. Money markets are easier to withdrawal against. CD's can pay a higher rate of interest if you lock it up for a few years.