APY APY stands for Annual Percentage Yield, which is the actual rate of return per year, including compound interest. The APY is typically the rate you'll see featured for the CD you're considering.

CDs are a low-risk investment option that allows your money to grow at a fixed interest rate over a specific period. If you’re considering opening a certificate of deposit (CD) or already have one, ...

A certificate of deposit is a bank investment that pays out a specific amount of money on a given date after the CD is opened. Unlike a regular bank account, you cannot withdraw money from the CD ...

Dear Dr. Don, I was told by one bank that a certificate of deposit's interest yield is when money stays in the account to maturity and the rate is if you were to receive a monthly check for the ...