Question about the percentage rate of a Certificate of Deposit?

I am looking on bankrate.com for how much I could make off of certificates of deposits. I will be using Wachovia soon, and for a 6-month CD the site says you earn 1.39%. Is that monthly, or in total?

rates are normally quoted on a per annum basis. Therefore the interest for 6 months is computed as I = prt where p is principal, r is the rate (1.39%) and t is the term (which in this case is 6/12 or sometimes 180days/360days etc.) Hope this helps.

It's an annual percentage rate -- and a poor deal. Try Countrywide Bank.

Tags

　　Small Business 　　Renting & Real Estate 　　Personal Finance 　　Investing 　　Insurance 　　Credit 　　Corporations

Related information

Where can I buy unleaded gasoline futures?

You don't use enough gasoline to take advantage of the hedging that large corporations use to lock in prices. The quantities involved are more gasoline than you would use in years so the pr...

I am 28 and would like to invest agressively in the stock market what should i do with 5000?

first of all, are you going to be ok if you lose all 5000 today? if yes, then i'll tell you how to agressively invest in stock market buy some CFC on the dip if it goes back below 5.40-5...

How do i find out what BIG companies have invested in Visa stock?

The VISA S-1 registration statement will list the top holders of their stock and tell you which ones sold it in their IPO. You can view the S-1 at the SEC's website at www.sec.gov. Look for ...

Are there any well known companies that were soley financed by Angel Investors at start-up?

1-800-CONTACTS won a business plan competition at BYU, from which came Angel investment. However, I am pretty sure that at some stage they received more cash from venture capital.

...

Is the BULL Stock back?

find out after April is over. right now I am only going to say.. GOOG is.

...

What options have the tightest spreads?

Within the stock/ETF world the tightest spread will be the ones trading in penny increments. As of a year ago the list included IWM - iShares Russell 2000庐 Index QQQQ - Nasdaq-100庐 Trust Share...

Question about google?

it should've been 600 all along. the only reason it even went below 500 is because stupid people from ComScore came out to public and gave BS ad-click rate that made people got out of GOOG....

Put option question?

I think part of the problem people have had answering your question is that parts of it are confusing. After you buy the put option the position will eventually be closed one of three ways: (1) ...