The longer the term, the higher the interest rate. Jumbo – There are special interest rates for higher investments. Here’s a quick calculator you can use to see what you could get from a Jumbo CD. High-Yield Savings Account. This is a great one. A high-interest savings account to watch your money grow.
Periodic Interest Rate (P) This is the rate per compounding period, such as per month when your period is year and compounding is 12 times per period. Nominal Annual Interest Rate Formulas: Suppose If the Effective Interest Rate or APY is 8.25% compounded monthly then the Nominal Annual Interest Rate or "Stated Rate" will be
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