How are interest rates paid on Cd's.Are they daily ,monthly,yearly.?

The bank's Dividend Rate Annual Percentage Yield is 4.889% and its Annual Percentage Yield is 5.000% for a 6 month CD.How much would you make if you deposited $10,000?

Your bank will determine when your interest is paid. A majority of the times, you will find that it is monthly. I put a source to a very good article explaining interest rates.

Annual percentage rate is given. APR is different from APY due to monthly compounding. 10,000 deposit would make $500 if held in a 1 year CD. About 1/2 ($250)of that if 6 month CD.

If you calculate the monthly compounding of the dividend yield (some credit unions/banks just call it savings yield) for a year it equals the APR.

e.g.

Dividend yield = 4.889%
APR = 5.00%
Initial principal = $10k

$10k * (1.0+.04889/12) ^ 12 ~ $10.5k
$10k * (1.0+.05) ^ 1 = $10.5k

When credit unions/banks advertise an APY you will get the same interest as with their APR given that you leave the balance alone for one year. Think of the APY as a "monthly APR".

My $0.02