If i put my money in a CD, will i get interest per month or per year?

My bank offers CD%26#039;s but im curious, they have a 5% interest rate. but is this per month, or per year?

If i put my money in a CD, will i get interest per month or per year?care credit

The interest you get is an annualized 5%. Depending on the CD, this could be paid monthly or annually. If monthly, you get 1/12 of the 5% if annually, you get it all at the end of the 1 year term.

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If i put my money in a CD, will i get interest per month or per year?

loan

It would depend on the terms of that particular product, but most commonly, it is yearly.|||The quoted rate, in this case 5%, is an annual rate. But you don%26#039;t %26quot;get it%26quot; either per month OR per year. You get it all at the end of the life of the CD. If it%26#039;s a 2-year CD, then you get the 5% per year at the end of 2 years.|||It would be APR Which is annual percentage rate If you want to earn 5% per month or more I suggest the forex markets . I trade with other investors and we normally make 5.3 % per month. If you would like more information write to me at billone44@yahoo.com|||Most CD%26#039;s are compounded monthly. However, there are some that the interested is paid on a yearly basis and it is not compounded. Ask your banker.