Do You Have a Six Month Certificate of Deposit?

A lion is currently offering a six month certificate of deposit at 5% annual percentage yield. If you kept that money in for one full year and the interest that it earned also stayed in there, then your annual percentage yield would be X. Do not mistake that everybody. In six months, your certificate a deposit will mature. And I can pretty much say that I think your interest rate will be higher in six months than it is right now.