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On the TD web page it is saying that a customer recieves .60% interest on a 4 Year CD. Does this mean that a customer would get 60% return on thier investment which would be equivalent .60 as a decimal. Or, does this mean that an investor would get .60% on their investment which would be equivalent to .0060 as a decimal.
John, New Jersey
April 30, 2015 07:29:00 AM
Saving & Managing Your Money
In reply to John, New Jersey
Good question, John and thank you for your visit and your question.
To better assist you, we invite you to visit here: http://bit.ly/1P9GAPU for a better understanding as how interest accumulates over time. Feel free to enter different amounts, rates of return and number of years to see how you can save over time.
Please also be advised that this calculator assumes a monthly deposit frequency and a monthly compounding period. The start date is assumed to be the first day of the current month with periodic deposits beginning the first day of next month. The savings amount is available upon your final deposit.
We also invite you to take a look at our Deposit Account Agreement right here: http://bit.ly/1kb17UQ on pages 36-38 for more information about interest credit for CDs.
If you have any additional questions, please feel free to reach out to our Banking Specialists 24/7 at 888-751-9000.
You may also stop by your local TD Bank Store location. To find out the nearest TD Store near you, please visit, http://bit.ly/TDStores.
We hope the information provided help. Let us know if you have any further questions. Have a great one, John.
LiShu R, Mount Laurel
April 30, 2015 07:30:54 AM