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Bank Rates

What is the difference on compound interest that is calculated daily, weekly, monthly, etc? Basically the more frequently it is compound, the more money you can earn. But it really only makes a difference if you invest ALOT of money (over 6 figures). Rule of thumb: if you compare APYs, or annual percentage yield, the compounding effect is already taken into account, whether it be daily, monthly, or etc.
 

 

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  Short-term or long
Irwin Union Bank CDs offer you
highly competitive rates.
And opening one takes
just a few minutes.

 

 

Costo and Capital One has a money market account paying 1.85%

 

 

 

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