Where To (Easily) Find Compounding Period?

daf999999 | Aug 4, 2023 | 13 posts since 2012

Given that compounding period impacts effective return, where do I easily find that info? I have seen it mentioned but not consistently in the Ken's CD write-ups. Am I missing something? Or do I have to go to each bank/cu website or call and dig individually?

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Answers

MidAtlantic | Aug 4, 2023 | 142 posts since 2012

The APY takes account of the compounding frequency, so if you compare APYs you are getting an accurate comparison.

daf999999 | Aug 5, 2023 | 13 posts since 2012

Thanks - very helpful

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